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Topic: World’s First Bitcoin ATM Set to Go Live Tuesday (Read 620 times)

legendary
Activity: 2198
Merit: 1989
฿uy ฿itcoin
some members of community doing very hard work for spreading this bitcoin we have to apperciate them their efforts best wishes for them good luck  Smiley

Exactly. Imagine how popular bitcoin can be in 5 years!
sr. member
Activity: 406
Merit: 250
some members of community doing very hard work for spreading this bitcoin we have to apperciate them their efforts best wishes for them good luck  Smiley
hero member
Activity: 756
Merit: 500
That is great Bitcoins is gettin wider and wider each day!
sr. member
Activity: 378
Merit: 250
Nice, if we have more ATM machine set up, the price might be closer to $1000.

then we are more rich and can buy some land on mars  Grin
sr. member
Activity: 322
Merit: 250
Nice, if we have more ATM machine set up, the price might be closer to $1000.
full member
Activity: 238
Merit: 100
KUPO!
Pretty exciting news! Glad to see things still moving forwards despite the whole SR stuff
hero member
Activity: 518
Merit: 500
hope it works well so more are setup worldwide.
legendary
Activity: 1876
Merit: 1058
Vave.com - Crypto Casino
If only I didn't live in hick - town Sad This thing would serve a purpose for maybe 5 people within a 500 mile radius where I'm located.....
sr. member
Activity: 448
Merit: 250
Changing avatars is currently not possible.
That's great.  I've been waiting for these to get out there, maybe we can get a picture up.
sr. member
Activity: 364
Merit: 250
http://www.wired.com/wiredenterprise/2013/10/worlds-first-bitcoin-atm/


Quote
Three high school buddies from a tiny Canadian town say that they will flip the switch on the world’s first bitcoin ATM next week. It will operate near the entrance of a downtown Vancouver coffee house.

Built by a Nevada company called Robocoin, the machine will trade bitcoins for cash and vice versa. Bitcoin is the world’s most popular digital currency, and it exists only on the internet, but it can be traded for traditional dollars and euros. Though bitcoin began as niche technology embraced mostly by internet geeks, it is gradually spreading not only to everyday people, but into the everyday world.

To buy bitcoins with the Robocoin ATM, you need to do a palm scan and then stuff the machine with as much as 3,000 Canadian dollars per day (roughly US$2,900). The machine then makes a trade on Canada’s VirtEx exchange and moves them into your online bitcoin wallet. The palm scan is to prevent people from doing more than $3,000 worth of transactions, as that would run afoul of Canada’s anti-money-laundering laws, says Mitchell Demeter, one of the Robocoin’s new owners.
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