Banking Struggle Drives Bitcoin ATM Manufacturer Lamassu to Switzerland

Whereas governments and banks in some nations are attempting to hamper the event of cryptocurrency-related companies, different places are cashing in on the investments and new jobs that the business brings. The most recent instance of that is the institution of bitcoin ATM producer Lamassu in Switzerland.

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Lamassu Industries AG

Lamassu, the well-known cryptocurrency ATM producer, which assembles its machines in Portugal, introduced on Jan. 1 that after years of trying to find a house, it’s now formally Lamassu Industries AG of Lucerne, Switzerland. The explanation given for selecting the Alpine nation is a extra welcoming surroundings for crypto-related companies, in distinction to different places the place the corporate struggled to preserve a checking account, leaving it bankless for the previous 12 months.

“We should have been rejected by 15 banks simply because we manufacture terminals…

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