Blog Archives

First bitcoin ATM in Poland launched

Posted on 4th June, 2014

Would-be bitcoin buyers in Poland now have a new option: The country’s first bitcoin ATM opened in Warsaw this week. According to a report on CoinDesk, the machine is housed at the recently opened Bitcoin Embassy Warsaw, and will be the first of a network of Lamassu-made machines across the country. Speaking with CoinDesk, Bitcoin […]

QuikBit and Lamassu ink deal to bring bitcoin AVM network to U.K.

Posted on 21st May, 2014

Bitcoin machines might just be popping up like wildflowers all across the U.K. later this year thanks to a new deal between bitcoin ATM maker Lamassu and newly formed distributor QuikBit. Based in the self-governing British dependency of the Isle of Man, QuikBit aims to build a network of ATM-like automated vending machines (AVMs) across […]

Upscale Johannesburg barbershop to house Africa’s first bitcoin ATM

Posted on 21st May, 2014

As bitcoin ATMs begin to pop up in major cities across the globe, one entire continent is still untouched: Africa. If ZABitcoinATM’s plans pan out, however, this should be changing later this month. The company’s Lamassu-made ATM is scheduled to arrive in Johannesburg, South Africa, by the end of the week, and will be set […]

New open-source bitcoin ATM retails for $999

Posted on 18th May, 2014

Dedicated bitcoin ATMs are at a crossroads. Even counting the first proof-of-concept working prototypes, the entire industry is less than a year old, with most of the “major” manufacturers having only a few dozen units in the field today. While orders are growing rapidly, so are prices. Robocoin and Lamassu are banking on a market […]

ATM industry groups issue new, highly favorable report on bitcoin

Posted on 13th May, 2014

The Electronic Funds Transfer Association (EFTA) and the ATM Industry Association (ATMIA) issued a largely positive new report on bitcoin this week. Titled “Bitcoin: Virtual Currency with Real Opportunities,” the report focused on how “virtual currencies and ATM systems can interface for their mutual benefit.” In the media release about the report, ATMIA’s CEO Mike […]

Canadian virtual currency exchange VirtEx announces plan for bitcoin ATM network

Posted on 2nd May, 2014

In a message to customers released yesterday, Calgary-based virtual currency exchange VirtEx announced new plans to create a network of bitcoin ATMS across Canada. The company also announced an in-person bitcoin deposit and bill-payment option powered by U.S. payday-loan/check cashing/cash-for-gold service Money Mart. Although there is no specific timeline for the launch of the ATM […]

Australian company plans to set up 100 bitcoin ATMs by 2015

Posted on 2nd May, 2014

ABA Technology recently announced plans to create a network of at least 100 machines across the country by 2015, and more than 500 across the globe by 2016. Founded by 29-year-old entrepreneur Chris Guzowski, the company launched its first bitcoin ATM two weeks ago on the outskirts of Sydney. Working with U.S.-based bitcoin ATM maker […]

BitXatm unveils new merchant-friendly bitcoin ATM

Posted on 8th April, 2014

A new bitcoin ATM with point-of-sale functionality by German startup BitXatm was unveiled this week. Named the Sumo Pro, the ATM boasts an easy solution for merchants to would like to integrate bitcoin payments into their existing POS systems through a printable QR code. The ATM also has the ability to work with standard fiat […]

New bitcoin ATM unveiled in Silicon Valley

Posted on 21st March, 2014

With bitcoin ATMs popping up an almost daily basis for the last month, there as been a noticeable void of activity in the tech-driven community in Silicon Valley. That changed yesterday, when Robocoin launched a new two-way bitcoin ATM at the Bitconference held at 500 Startups headquarters in Mountain View. While the ATM isn’t likely […]

ATM industry group releases bitcoin ATM report

Posted on 20th March, 2014

It’s no surprise that more banking-related industries take such a critical, or even hostile stance towards bitcoin. By its very nature, bitcoin and other cryptocurrencies cut banks completely out of the loop and undermine their entire business model. From the banking world’s perspective, bitcoin is a completely disruptive innovation. From the perspective of the ATM […]