A digital kiosk, or an ATM machine, has been installed to buy Bitcoins in Dubai, the first-of-its-kind project in the emirate.

The kiosk has been operational for the last couple of days and residents can buy the digital currency but cannot sell now through the kiosk. The option to sell will be introduced in the next couple of months.

However, buyers can sell their Bitcoins at any other platform after purchasing from the digital kiosk, which is located in Rixos Premium Dubai JBR.

The kiosk will display live prices of the Bitcoin.