There’s a huge amount of free promotion for the first business in a city or region to have a bitcoin ATM, but practically zero media attention for the second. As a result, the ATM company with the fastest delivery time tends to get the business. With that in mind, startup bitcoin ATM maker Lamassu has…
Bitcoin ATMs all share a similar problem: They require cash. Customers pay in cash to receive bitcoin (either in a QR code-based transaction or a receipt-like paper wallet), or they pay in bitcoin to withdraw cash. For a currency that was born on the internet, relying on cash and paper to do business is a…
With bitcoin ATMs popping up an almost daily basis for the last month, there as been a noticeable void of activity in the tech-driven community in Silicon Valley. That changed yesterday, when Robocoin launched a new two-way bitcoin ATM at the Bitconference held at 500 Startups headquarters in Mountain View. While the ATM isn’t likely…
It’s no surprise that more banking-related industries take such a critical, or even hostile stance towards bitcoin. By its very nature, bitcoin and other cryptocurrencies cut banks completely out of the loop and undermine their entire business model. From the banking world’s perspective, bitcoin is a completely disruptive innovation. From the perspective of the ATM…
Irish Bitcoin ATM company BitVendo was set to launch their first machine in Dublin this week, but thanks to the skittishness of their would-be bank, they’ll have to wait. The company had already faced one significant setback, as the cafe that was originally slated to host the ATM backed out as the machine was being…
Until today, if you wanted to Bitcoin in the U.K., you had to do it the old-fashioned way: Mining it, connecting your bank account to an exchange, or buying it directly from another Bitcoiner. With the activation of a new Lammasu-made Bitcoin ATM at London’s trendy Old Shoreditch Station cafe and bar. Operated by Bitcoin…
The West Edmonton Mall in Alberta, Canada, recently unveiled a new Bitcoin ATM. The mall is the largest in North America, and serves as a major tourism destination in Alberta, with 30.8 million shoppers passing through its doors every year. The Robocoin-made ATM is the first in the region, and is owned and operated by…
According to a report published on Cryptocoins News, Spain will go from having one lone Bitcoin ATM in a Barcelona mall to having over 100 throughout the country. The ambitious plan is collaboration between ATM manufacturer PayMaQ and distributor Bbank, who aim to take advantage of Spain’s current lack of Bitcoin regulation. Under Spain’s current…
Welcome to the start of the U.S. Bitcoin ATM boom. Following shortly after yesterday’s launch of the first such ATM in Albuquerque, New Mexico, Bitcoin startup Liberty Teller powered up their Lamassu machine in Boston’s South Station. The busy subway station is Boston’s largest, and sees an estimated 25 million travelers a year pass through…
The race to bring the first Bitcoin ATM to the U.S. is over. Earlier today, Enchanted Bitcoin activated their Lammasu-made Bitcoin ATM at the Imbibe cigar bar in Albuquerque, New Mexico. The news comes on the heels of yesterday’s announcement of Austin and Seattle-bound machines by rival Bitcoin ATM manufacturer Robocoin. According to a report…