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Robocoin shipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March

Robocoin shipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March

Robocoin shipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March

Robocoin shipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March
John Koetsier

RoboCoin CEO Jordan Kelley with the world’s first Bitcoin ATM

January 3, 2014 10:38 AM 

 

 

 

 

 

 

Bitcoin ATMs are headed to Asia, and beyond.

Robocoin, the maker of Bitcoin ATMs, is shipping its first two units to “Bitcoin-hungry” markets in Taiwan and Hong Kong. It expects to ship eight units that dispense this hot “cryptocurrency” this month and 39 by March.

“The ensuing liquidity injection from these machines should provide substantial impact on Bitcoin’s valuation, not seen since the buying frenzy in November,” the company said in a statement.

Robocoin is a machine where you can buy, sell, and trade Bitcoin. It is integrated with Bitcoin exchanges Mt. Gox and Bitstamp, and people can either deposit cash or checks in exchange for Bitcoin or cash out Bitcoins they already own.

CEO Jordan Kelly told VentureBeat that Robocoin’s goal is to bring Bitcoin to the masses and make it “grandma-friendly.” The first machine opened for business in October in a coffee shop in Vancouver, Canada.

The kiosks cost a steep $20,000, and after the Vancouver debut, dozens more were quickly ordered for locations around the world. They come tricked out with security measures such as a hand scanner, government ID scanner, and human-verified facial-matching to prevent fraud. The ATMs are also compliant with local financial regulations.

Bitcoin remained on the fringes of the Internet for years — interesting mainly to techies and people using it for unsavory purposes, like anonymously buying or selling drugs.

Then it took off.

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This entry was posted on January 11, 2014 by and tagged , .

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