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A dedicated bitcoin bank, possibly the world’s first, has opened on Mariahilfer Strasse in downtown Vienna,  Austria , according to  The Local , an English-language Austrian news site. The bank is owned by a Berlin-based blockchain startup, Bit Trust Services, and it is named Bitcoin-Bank. The bank is designed to make buying and selling bitcoin easier and safer than other in-person options. The bank’s ATM machines exchange  bitcoin  for euro, and vice versa. The bank also provides information about the virtual currency. Magdalena Isbrandt, managing director of Bit Trust, told state broadcaster ORF that digital currency transactions are faster than other transactions and can be done without a middleman. “Value and money can be sent straight from user to user,” she said. Touting Digital’s Advantages Andreas Petersson, co-founder of Bitcoin Austria, said digital currency’s main advantage is anonymity. “If I pay online with bitcoin, I have a degree of privacy,” Pe