Bitcoin ATM news:

Bitcoin, a digital “cryptocurrency,” is now being dispensed at a local grocery on 17th and Mission streets that installed a bitcoin ATM – the third of its kind in the Mission District, and the first to appear at a market. “At first I thought, what the hell is this?” said the nephew of the market’s owner, who gave his name as Raj. “I thought it was just going to be sitting there, but I’ve actually seen a couple of transactions happen since we first got it in a few weeks ago.” ...

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In 2008, bitcoin emerged as a decentralized digital currency invented by Satoshi Nakamoto. Since then, it's grown in value and use within the technology community. More recently, ATMs have been developed to help consumers more easily translate centralized currency, such as the U.S. dollar, into bitcoin without needing a credit card. Earlier this month, several members of TechKnow, a local technology community, built a bitcoin ATM of their own. ...

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Within weeks of Nasreen Mohsin moving to Vancouver in September to start a master’s of engineering at Simon Fraser University, one of her friends back home in India had an emergency. Mohsin won’t divulge the specifics, but her friend needed 6,000 rupees, or about $120—and fast. One option was to use a traditional money-transfer service, like Western Union, but her friend recommended they make the transfer via Bitcoin. Not only would it be fast, but the fees would be next to nothing. ...

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Can ATMs move bitcoin into the mainstream?

Posted on September 10, 2015

Perhaps the biggest problem with virtual currency today is not that people don't understand bitcoin technology, but rather that they don't know about bitcoin to begin with. A poll by Goldman Sachs revealed that more than half of millennials aren't interested in virtual currency. A study by the University of Kentucky suggested that mainstream audiences aren't, either. However, in the Goldman Sachs poll, most of the millennials who had used virtual currency before said they planned to use it again — suggesting that the underlying problem is ignorance, not indifference. In order to draw in new users, the bitcoin community needs a familiar medium — such as an ATM — to provide an introduction. In fact, bitcoin ATMs have begun to explode onto the market. The first bitcoin ATM went live in October 2013, according to Coin ATM Radar. Since then, the number of installed units has steadily increased to more than 450 worldwide. ...

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The 70,000 passengers that pass through the Staten Island Ferry terminal every day now have access to a licensed bitcoin ATM, or BTM, and they won't even need a bank account to use it. While many bitcoin companies left the city after the so-called BitLicense went into effect earlier this month, this is the first strong evidence we seen of the ecosystem returning to normal. ...

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Catalan-based Bitcoin company Bitchain recently installed two additional Bitcoin ATM’s in the city of Barcelona. What makes these machines so important, is that one of the ATM’s is installed in one of Barcelona’s major shopping centres, which is the first of its kind to be placed in such a high-profile location. ...

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As the city prepares for the international mobs of South by Southwest, one small but growing industry is doing some last-minute tinkering. The nation’s first cash-dispensing bitcoin ATM was installed about a year ago at HandleBar on E. Fifth St., just in time for SXSW last year. But for the last few months it’s been out of service, in need of a software upgrade. Sheldon Weisfeld, CEO and co-founder of CoinVault ATM, went in Monday to make the necessary repairs. ...

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The lifeline for cash in an increasingly cashless world, ATMs are finding a new calling nowadays as digital currency terminals. Viewed in a historical context, ATMs could be jumping from one end of the currency spectrum (cash) to the other (cashless) as they help make digital currency available to consumers. Digital currency ATMs, while few in number, are emerging as a tool by which the nascent digital currency industry raises its visibility to the public at large. Led by bitcoin, the most pervasive digital currency, these evolving payment media, which face challenges, offer several advantages in an increasingly global economy. ...

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A Canadian university will sell books for bitcoins and has installed BTMs to get students accustomed and more involved with financial technology services (FinTech). Simon Fraser University (SFU) in British Columbia, Canada, has announced it is to install three BTMs across its campuses, alongside accepting bitcoin payments for purchases of books and university branded equipment in their bookshops. ...

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As CoinTelegraph South Africa reported, Multi-function crossover ATM operator Planet Capital has announced that Apple co-founder Steve Wozniak is joining its board as an advisor and director. The move, which was confirmed to CoinTelegraph by CTO Dan Sokol, marks a decisive step in Wozniak’s affiliation with blockchain infrastructure. ...

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A new fleet of BitXATM machines is set to launch across Canada in the coming months. Quadriga CX, Canada’s largest Bitcoin exchange, has big plans to install their new SumoPro two-way bitcoin ATMs in prime locations across the country. These units will be delivered in batches of five and placed in several major cities including Vancouver, Toronto and Montreal. ...

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As the city prepares for the international mobs of South by Southwest, one small but growing industry is doing some last-minute tinkering. The nation’s first cash-dispensing bitcoin ATM was installed about a year ago at HandleBar on E. Fifth St., just in time for SXSW last year. But for the last few months it’s been out of service, in need of a software upgrade. Sheldon Weisfeld, CEO and co-founder of CoinVault ATM, went in Monday to make the necessary repairs. ...

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Coin Outlet Inc is taking another step towards being the biggest Bitcoin ATM network by acquiring LibertyX's (formerly Liberty Teller's) ATM network. The four LibertyX machines will be rebranded as Coin Outlet ATMs but will still remain in their existing locations. LibertyX gained fame for launching the very first Bitcoin ATM in the United States at Boston's South Station, only a year ago. LibertyX Co-Founder Chris Yim said the decision to sell the ATM arm of their company to Coin Outlet was "a natural evolution of their business and allows them to scale quickly and focus on adding partners and services to their existing 2,500 cash-to-bitcoin store locations." ...

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Network issues at Robocoin, which affected its BTM network yesterday, have led to rumors of more serious problems with the company, it has emerged. Robocoin, which owns one of the oldest Bitcoin ATM (BTM) networks globally, tweeted about problems relating to “problems with [its] cash API infrastructure,” which it subsequently managed to resolve. ...

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ANN ARBOR, Mich., Dec. 10, 2014 /PRNewswire/ -- Bitcoin Brands Inc. (CEHC) today announced that it has signed an agreement with Midwest Bitcoin, LLC to deploy additional bitcoin ATMs at various locations around the country. Midwest BTC currently operates five bitcoin kiosks in Chicago, Columbus, and Kansas City and is one of the pioneers in the bitcoin ATM industry. ...

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