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.

Featured

Why the Future of Video Security Is Happening Outside the Cloud

For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now
- Video Surveillance
UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now
- Guard Services
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity
Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now
- Guard Services

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

HD2055 Modular Barricade

Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.
Camden CM-221 Series Switches

Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.
Camden CV-7600 High Security Card Readers

Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.