Bitcoin ATMs are Coming to America

Written by:
Aaron Goldstein
Published on:
Sep/20/2013
Bitcoin ATMs are Coming to America

Bitcoin ATMs are quite possibly arriving in America by year’s end.  At least two firms have plans to ship out Bitcoin ATMs to American cities in the coming months, according to an article appearing in Time Magazine last week.  

The rollout will be limited but the markets where they will be visible are amongst the biggest.

“We are working on deals right now in the U.S. that should deliver in December or January.  Los Angeles, Florida,  NYC, Austin, to name a few,” Robocoin CEO Jordan Kelley told TIME in an email.  12 to 15 units were anticipated initially. 

Another firm, Lamassu, told TIME it has 15 bitcoin ATMs shipping out over the next several weeks to 13 countries, including Australia, New Zealand, Canada, China, Brazil, France, Denmark, Finland, Slovakia, and the U.S. “The first US machines will be in Atlanta, GA,” Lamassu CEO Zach Harvey told TIME in an email. “The ones shipping in November will be on the west coast. There is a lot of interest from entrepreneurs in California, but due to California’s extreme financial regulatory requirements, they may choose to set up in Washington or other states. Same goes for New York.”

Bitcoin is a cryptocurrency where the creation and transfer of the online currency is based on an open-source cryptographic protocol that is not reliant on the U.S. Federal Reserve.  Law enforcement agencies in recent months have expressed concern over the use of bitcoin for illicit purchases such as drugs and contraband. 

The online gambling sector is slowly coming around to bitcoin (emphasis on the word slowly).

- Aaron Goldstein, Gambling911.com

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