Bitcoin ATMs Launching This Month in the US

Bitcoin ATMs Launching This Month in the US

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

Featured Cybersecurity

Webinars

New Products

  • ALTO Neoxx Electronic Padlock

    ALTO Neoxx Electronic Padlock

    Built to withstand all access control needs, the tough new SALTO Neoxx electronic padlock takes security beyond your expectations. 3

  • XS4 Original+

    XS4 Original+

    The SALTO XS4 Original+ design is based on the same proven housing and mechanical mechanisms of the XS4 Original. The XS4 Original+, however, is embedded with SALTO’s BLUEnet real-time functionality and SVN-Flex capability that enables SALTO stand-alone smart XS4 Original+ locks to update user credentials directly at the door. Compatible with the array of SALTO platform solutions including SALTO Space data-on-card, SALTO KS Keys as a Service cloud-based access solution, and SALTO’s JustIn Mobile technology for digital keys. The XS4 Original+ also includes RFID Mifare DESFire, Bluetooth LE and NFC technology functionality. 3

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation. 3