Bitcoin ATMs Launching This Month in the US -- Security Today

Bitcoin ATMs Launching This Month in the US

By Ginger Hill
Feb 18, 2014

Get ready America! After a successful pilot launch in Vancouver last year, Robocoin, maker of the Bitcoin ATM, is launching this month in the US cities of Seattle and Austin. At about $19,000 per machine, they differ a little from regular ATMs because they have additional security measures like a scanner for a passport or driver’s license to identify users.

At the Vancouver location, nestled in a café sits an automated Bitcoin ATM; although sometimes a representative is present to help users that have issues. During the machine’s first month at the café, it processed over $900,000 in transactions. (I’m curious to see how much it processes Seattle, but especially Austin, since I’m from Texas!)

In the coming weeks, Robocoin plans to launch their Bitcoin ATMs in Asia while Bitcoiniacs plans to launch ATMs in London and Singapore.

With hackers continuing to target bitcoins, do you think this will cause more cyber security issues as the ATMs become a familiar site in other cities? Or, do you think the more machines that are out there give professionals the means in which to track and put a stop to cyber criminals’ activities?

About the Author

Ginger Hill is Group Social Media Manager.

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