Speaking with CoinDesk, BitOcean founder and CEO Xiaoning Nan said: “Our major market is Asia now, because in this region we can provide the best tech support for all our customers and partners. But we would like to sell the BitOcean ATM all over the world.” Nan also noted that the ATM’s manufacturer currently supplies ATMs for banks, and offers “the best class of security” available.
According to BitOcean, users will be able to make cash withdrawals from the machines in as little as 30 seconds. The machines will also allow for transaction confirmations through SMS, email, automated telephone calls and printed paper wallets. The machines are highly customizable, allowing the operators to connect to their preferred exchanges via API.
All of those features do come with a significant price tag, however. The BitOcean machines are slated to sell for $10,000 per unit, or around $5,000 less than the comparable Robocoin model.