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Topic: [2016-07-08] Vancouver Mall ATM trades in Bitcoin (Read 279 times)

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There’s a curious machine inside an entrance to Vancouver Mall. It will give you cash, but it won’t take a debit card. You can give it cash, but the receipts won’t look too familiar. With the push of a button it will show your balance down to eight decimal points.

It’s a bitcoin ATM, and it’s meant to bring the complex digital currency to the masses right here in Clark County.

“There’s a whole spectrum related to bitcoin, and all the people I know use it for different things,” said Donn Lasher, a Vancouver man who installed the ATM at the mall in 2015. “It’s like a digital commodity.”

Bitcoin has long seemed the domain of the tech-obsessed, or at least of those with technical prowess. But anyone with a driver’s license or state ID can buy bitcoin or exchange it for cash at the ATM, which is run by a state-sanctioned company that takes a 5 percent cut of the transaction.

“Online exchanges require Social Security numbers, copies of utility bills, tying in a bank account,” Lasher said. “That immediately pours water on people’s enthusiasm.”

http://www.columbian.com/news/2016/jul/07/vancouver-mall-atm-trades-in-bitcoin/
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