DigitalX Limited signed a joint venture agreement with Stargroup Limited to jointly offer and tailor a 'Two-Way ATM' solution for buying and selling Bitcoin. The joint venture agreement is for the entire global network of Stargroup ATMs, with the initial roadmap to focus on Australia. At present, there are less than 20 ATMs in Australia that can facilitate a Bitcoin transaction and conversion fees are in the range of 4% to 8% of the transaction value i. The vast majority of these ATMs are only 'One-Way ATMs'; meaning users can only acquire Bitcoin and add it to their Bitcoin wallet via the ATM.

The development of Two-Way ATM's means Stargroup ATMs will not only enable users to acquire Bitcoin but also to instantly convert their Bitcoin to AUD cash at the ATM. For current Bitcoin users looking to 'cash out, the process can often take a number of days using existing Australian online digital currency exchanges. Once implemented the Two-Way StarATM's are expected to solve a significant pain point for Bitcoin users.

DigitalX and Stargroup will share in the transaction fees charged at the ATM.