bitcoinvancouver

The GoTo Site for all things Bitcoin in Beautiful Vancouver British Columbia Canada

Beijing Says “Ni Hao” To Bitcoin ATMs While Dish Teams Up With Coinbase

Beijing Says “Ni Hao” To Bitcoin ATMs While Dish Teams Up With Coinbase

Robocoin, makers of a bitcoin ATM, have announced the availability of the first BTC ATM in Beijing. Based at the 798 Art Zone, an old factory in Beijing’s Chaoyang District, the ATM can be accessed by members only and, in order to avoid the ire of Chinese authorities, is being billed as a system for the trading of virtual goods.

The CEO of Robocoin Asia, Yao Lee and founder of the art space, Danny Deng, expect things to get better for Bitcoin in the next few months.

“Purchasing this ATM is not an easy decision, that’s why we keep it in a membership way and avoid calling it a financial service,” said Deng. “But from a long term view, I think Chinese government will gradually open its mind and find this new technology quite useful in international communication.”

“The Chinese government said nothing about the bitcoin ATM. Since bitcoin is not a currency in China, the ATM is just labeled as an automatic exchanging machine of virtual goods, and doesn’t deal with any bank account,” he said

Advertisements

Questions, Comments, complaints or observations? Your input is important to us.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on May 29, 2014 by .

Follow me on Twitter

bitcoinvancouver2013@gmail.com

bitcoinvancouver2013@gmail.com

Blog Stats

  • 9,798 hits

Follow me on Twitter

%d bloggers like this: