Border trade: Finland builds a cashpoint for the Russians

Finland and Russia are closer neighbours than you may imagine, and Finnish crypto traders target their next-door potential colleagues by placing Bitcoin cashpoints in Lappeenranta — a border city in the South. Side fact: around 3 million Russians visit Finland every year. 

Henry Brade, the co-founder&CEO of Prasos Bittimaatti — the company that has placed the cashpoint, believes, that demand on cryptocurrencies in Russia is huge and is increasing. They are not able to take the Russian market over, and for this reason, the company is testing its offers right at the border. The commission is 5 to 10%, the minimum amount to be purchased is 5 euro, and to be sold — 20 euro.