Bitcoin ATM Wikipedia Bitcoin ATM A Bitcoin ATM is an electronic communications device that allows someone to buy bitcoins using cash without the need for a human to facilitate the transaction. Some models also allow the sale of bitcoins for cash.[1] History[edit] On October 29, 2013, a Robocoin ATM operated by Bitcoiniacs opened in the Waves coffee shop in downtown Vancouver, Canada.[2] This machine is reported to be the "world's first bitcoin ATM". After 29 days of operation, the machine transacted $1,000,000 CAD in volume.[3] Since then, operators in other locations have installed machines manufactured by Lamassu[4] and BitAccess.[5] Makers[edit] BitAccess[edit] BitAccess manufactures a Bitcoin ATM, the "Bitcoin Teller Machine" or BTM, that transacts cash for bitcoins. BitXatm.com[edit] POS meet BitCoin ATM, Accept BTC payments instore. Genesis1[edit] The Genesis1 is an ATM that transacts cash for Bitcoin, Dogecoin, and Litecoin. Tembusu[edit] The Tembusu is an ATM that transacts cash for Bitcoin. Lamassu[edit]
Palate Home Smart Grill MultiBit • Secure lightweight international Bitcoin wallet Dogecoin Skyhook's Open-Source Bitcoin ATM Will Cost Under $1,000 There are a surprising number of bitcoin ATMs currently on the market for entrepreneurs willing to make an investment. Companies like Robocoin and Lamassu are building and selling ATMs that can exchange government-backed currencies for bitcoin all over the world. While hardware and software are readily available, the potential roadblock for many of these ATMs is compliance. In many countries the regulation of virtual money transmitters is still something of a grey area. Additionally, some governments do not appear to be interested in hosting virtual currency ATMs at all. CoinDesk recently reported that Robocoin was shipping its machines over to Hong Kong and Taiwan at the very beginning of this year, however Taiwan decided to block the ATMs soon after. Building an ATM Jon Hannis, founder of Skyhook, told CoinDesk that it would only take one large operator to establish itself in the market for the bitcoin ATM floodgates to open. Hannis’ Skyhook project can be seen in the video below:
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