AlphaVend, a bitcoin ATM specialist, has announced that it has installed its second London ATM that is strategically situated between Euston and Kings Cross underground stations.

According to the reports by Finextra, AlphaVend is the UK’s largest independent high street provider of foreign exchange services. The new bitcoin ATM has been installed at the No1 Currency store, 128 Euston Road.

The new bitcoin ATM is the third in the UK after one in Edinburgh, Scotland and one in London Haymarket. The new location of Euston Road store, which is open 7 days a week, offers a unique business opportunity with annual footfall estimated to be in excess of 6million people. Also, it is a prime location for 70 million travelers annually that further enhances the position of the ATM and ease of access for users.

The bitcoin ATM allows users to buy the digital currency and availing over 50 foreign currencies offered over the counter by No1 Currency. Customers can simply insert bank notes to the value of their intended purchase, and instantly receive the equivalent value in Bitcoin into a digital wallet held on a smart phone, the release said.

With the new bitcoin ATM, users can buy from as little as £5 up to £1,000 per transaction.