The first of its kind in the country, a Bitcoin ATM is installed at the Bitcoin embassy in Tel Aviv. Unlike standard ATM machines that enable consumers to withdraw cash, this machine credits customers with virtual Bitcoins after depositing cash into the machine. Embassy employee Ayal Segev comments:
I am proud that the embassy has made the first Bitcoin vending machine available in Israel. This is part of our mission, to make Bitcoins accessible to the general public.