Blog Archives

BitOcean launches two-way bitcoin ATM

Posted on 21st September, 2014

Beijing-based bitcoin ATM maker BitOcean announced the release of a new, two-way machine this week. According to a report on CoinDesk, the kiosk-style ATMs are designed to compete against similar Robocoin and Lamassu machines. In addition to allowing users to buy and sell bitcoin directly from the the ATM through a “bank level experience,” the […]

High-profile deal for 1000 U.S. bitcoin ATMs falls through

Posted on 12th September, 2014

In July, Germany-based bitcoin ATM maker BitXatm announced a partnership with a Los Angeles-based startup named CryptVision that would bring 1,000 Sumo Pro ATMs to the U.S. and Canada. The deal would have been a windfall for BitXatm, which was still struggling to break into the U.S. market, and would have made CryptVision the largest […]

U.K. bitcoin ATM operator says £38,000 processed in one month

Posted on 10th September, 2014

The Bristol Post reported today that a single bitcoin ATM located in a health food store has processed more than £38,000 ($61,000) in one month of operation, strongly suggesting a growing interest in cryptocurrency in the region. The Superfoods store hosts a two-way bitcoin ATM built by RoboCoin, and managed by regional operator Satoshipoint. The […]

First bitcoin ATM opens in Argentina

Posted on 9th September, 2014

The first public bitcoin ATM in Argentina opened recently in a Buenos Aires suburb. Given that bitcoin ATMs have been popping up like wildflowers all over the globe in the last few months, this might not seem like big news. In a country in the middle of a deep economic crisis and an estimated inflation […]

New report says bitcoin ATM industry at risk of “creative destruction”

Posted on 5th September, 2014

According to a new report published by the ATM Industry Association (ATMIA), the rapidly growing bitcoin ATM industry is at risk of “creative destruction” unless self-governance structures are soon put in place. The ATMIA’s “position paper” notes that bitcoin ATMs represent a “genuine innovation in the payments space,” and hopes for an eventual “stabilization” of […]

First bitcoin ATM launched in Manhattan

Posted on 22nd August, 2014

It may seem strange, but while bitcoin ATMs are popping up all over London, Canada, Southeast Asia, Africa and other far-flung locales, the city that arguably serves as the financial capital of the world, New York City, didn’t have one. Until today, that is. TechCrunch reports that the first bitcoin ATM in NYC has launched […]

Bitcoin ATM maker Lamassu releases open-source platform

Posted on 2nd July, 2014

If Lamassu has its way, bitcoin ATMs may soon be seen as more than a novel way to purchase digital currency. The ATM maker has released a new, open-source software platform today via GitHub that allows ATM owners to set their machines up as airport-style cash exchanges, bill-payment kiosks and remittance terminals, in addition to […]

Report: Swiss regulators approve bitcoin ATM network

Posted on 20th June, 2014

Regulators in Switzerland have approved a plan by bitcoin ATM operator SBEX SA to launch their planned network of machines across the country. Earlier this month, the Swiss Financial Market Supervisory Authority (FINMA) halted plans by another bitcoin startup, Bitcoin Suisse AG, pending a legal review. With the regulatory issues seemingly resolved, SBEX can now […]

Robocoin debuts new “bank-like” bitcoin ATM

Posted on 10th June, 2014

Las Vegas-based bitcoin ATM maker Robocoin unveiled it’s next-generation machines today, the “Robocoin 2.0.” The two-way ATM features a new, more user-friendly software system and several hardware tweaks and upgrades from its previous model. The entire system has been overhauled, presenting a more bank-like experience for Robocoin “branch” customers. According to the company’s recently updated […]

Bitcoin ATM launch blocked by Swiss regulators

Posted on 4th June, 2014

Switzerland-based bitcoin brokerage and ATM operator Bitcoin Suisse AG was forced to halt plans to launch a new machine in Zurich today after the country’s financial authority, the Swiss Financial Market Supervisory Authority (FINMA), requested a review of the legal issues related to its proposed services. Bitcoin Suisse already has a handful of operational bitcoin […]