Home » Technology

World’s First Bitcoin ATM Goes Online

Submitted by on October 31, 2013 – 10:06 am298 Comments

Bitcoin, the world’s leading digital currency, took a big step towards legitimizing the whole field this week with its first ATM. The machine in a Vancouver coffee shop provides a rare link between physical currency and the online-only one, and plans are in the works for more.

Bitcoin was first proposed by an anonymous programmer in 2008, and went live in 2009. The currency is not regulated by any central authority or backed by any government. It is generated using cryptography to mimic the control of a central authority.

The digital money’s value shot to a high of $233 before dropping to $50. It reached another peak of $197 this month. They are accepted at a limited number of websites for goods and services- and now at Waves coffee shop.

The ATMs are made by Robocoin, a Las Vegas-based company that has built several, but not placed any others yet. Previously, Bitcoins could only be acquired and transferred online, in a sometimes lengthy process.

Users can use the machine to deposit cash for Bitcoins or withdraw any of 60 currencies- provided they scan their hand first. The palm scan is used to ensure that users do not go past daily limits, which would violate Canada’s anti-money laundering laws.

Some of the currency’s biggest draws are its anonymity and security, but this and resistance from major governments have made Bitcoin closely associated with online crime. When the FBI this month shutdown Silk Road, a site that allowed users to buy and sell drugs for Bitcoin, the bureau seized an estimate 1.5% of the world’s supply of the money.

The currency gained positive publicity recently when a man gained media attention for reportedly earning $886,000 by forgetting about the $27 of Bitcoin he bought years earlier. Kristoffer Koch of Norway says he bought the small sum of the new money in 2009, and forgot about it soon after. When he was reminded by recent media reports and checked his account, he cashed out just a quarter of his earnings to buy an apartment in a trendy part of Oslo.

[via Reuters]


Related Posts with Thumbnails


  • That is jogging strollers where Mud Pie Clothing.
    The answer to that question, is jogging strollers obvious.
    But you have the correct type of box. It is still important that a parent should look for prams for sale as well as ecologists.

    Firstly, it is important that you choose ugly bits of clothing for your infant when your baby is uncomfortable he or she looks in them.
    Music for Prams” Although it has the potential to be silly, it is not time and energy, but often gives you the ability to unlock the wheel.

    Look at my website Bob Revolution double jogging

  • Wonderful beat ! I would like to apprentice even as you amend your site, how could i subscribe for a blog site?

    The account aided me a applicable deal.
    I had been tiny bit familiar of this your broadcast provided vivid transparent idea

  • Jeana says:

    When someone writes an paragraph he/she keeps the idea of a user in his/her brain that how
    a user can know it. So that’s why this post is outstdanding.

  • I enjoy what you guys tend to be up too. This kind of clever work and exposure!
    Keep up the good works guys I’ve you guys to my personal blogroll.

  • These studies can be obtained by you and will include such things as population trends, rent levels and
    area occupancies. However, we live in a world were life is not
    necessarily fair and there are always options that are available to some that are not so available to others,
    even. This would be closely followed by negotiations regarding the pricing of the property.

  • I have been exploring for a little for any high-quality articles or blog posts on
    this sort of area . Exploring in Yahoo I finally stumbled upon this web
    site. Studying this information So i’m glad
    to exhibit that I have an incredibly good uncanny feeling I discovered exactly what I needed.

    I most unquestionably will make certain to don?t put out of
    your mind this website and provides it a glance on a constant basis.

  • The internet is a very useful supply of mattress information, evaluations and

  • It’s going to be ending of mine day, except before end I
    am reading this impressive paragraph to increase my experience.

  • breast says:

    Wonderful site. A lot of helpful info here.
    I am sending it to several buddies ans also sharing in delicious.
    And naturally, thank you on your sweat!

  • Right here is the right site for anyone who wishes to find out
    about this topic. You realize so much its almost hard to argue with you (not that I personally will need to…HaHa).
    You certainly put a new spin on a topic that’s been written about
    for many years. Excellent stuff, just excellent!

  • These inter cooler experience on the unit weren’t capable if you want to cool the surrounding ticket inside of all the controlled producing the
    particular mother board to build overheated. You can even overclock the processor on the unit
    so that it can run some of the more recent old games.

    There are also packages available that teach
    you how to make a backup copy of your xbox 360

  • Very rapidly this web page will be famous among all
    blogging and site-building viewers, due to it’s fastidious content

  • Paul Eckert says:

    If the business coming up with a low rate personal family finance loan without much difficulty.

    When interest expense and get the potential to have a set up and ready.
    When you have access to your security, which means there won’t be
    places to invest at a higher price?

  • Eldon says:

    At Precision window cleaning we usually use foot booties to cover our feet so that nothing
    at all will be soiled or tracked in. Drop clothes are constantly place in around our perform location to avert any water drips.

  • Let me know what you think about Sony bringing Grand Turismo
    6 to the Play – Station 3 instead of their next generation console.

    French artist Alexandre Oudin is identified as the
    first person to start the upcoming craze. At our
    next club meeting Kris approached me about joining with him to race one of his Harley Sportsters
    at Bonneville.

  • Then talk to Tom and hear him repeat everything you say with his
    nose covered for a while. For one, you only get access to some TV websites – a list will be provided on the website.
    After that, there is a movie reel icon that displays
    a video on the national weather forecast.

  • Octavio says:

    But indulging on these Filipino foods while in abroad would not be as
    satisfying and fulfilling than when they gulp them down in their own homeland.

    Moms and Dads can take their little Disney princesses
    and Marvel super heroes out on Friday night and leave Saturday night for adult costume parties.
    here (Octavio) Go through the customer feedback of the seller
    and if you feel that there are optimistic results then you can shop.

  • Christa says:

    Descarga WhatsApp para ordenador en tu computador personal de forma f cil y sencilla y plenamente gratis.

  • What a material օf un-ambiguity аnd preseveness оf precious
    experience ɑbout unpredicted feelings.

    Loօk at my blog post … get your ex back

  • Excellent article! We will be linking to this particularly great content
    on our website. Keep up the good writing.

  • judi bola says:

    The blame for these instances can often be left at
    the coachs feet as they should have spotted the problem and made steps to ensure it wouldnt happen. This valuable put instance Dollar500 fee supply you with as much as possible throughout routine A
    together with Mirielle as well as limitless use of the
    Hidef video clips along with the Dollar3,Celine
    Luggage Bag Coach Outlet Online Store 000 highly sought after mastermind learning which often Establish Multilevel head honcho Symbol
    Precise solid wood held on to by her house hold when it comes to F.
    There are thousands of potential side effects that are
    not being looked at because we don’t have a deep enough understanding of the system.

  • beras merah says:

    Everything is very open with a really clear explanation of the challenges.
    It was definitely informative. Your website
    is extremely helpful. Thank you for sharing!

  • Marisa says:

    Estos crepes de setas podrás prepararlos en las mejores ocasiones cuando
    tengas invitados a comer en casa.

  • Fantastic post but I was wondering if you could
    write a litte more on this topic? I’d be very grateful if you
    could elaborate a little bit further. Bless you!

  • I am regular reader, how are you everybody? This paragraph posted at this web page
    is actually nice.

  • With Microsoft Socl, we may be looking at the same thing.
    Luckily, because of the influx of file sharing websites,
    gamers can now download video games for a variety of game consoles.
    The bosses are quite fun, unique sorts to play against.

  • Bridesmaid says:

    Great items from you, man. I’ve be aware your stuff previous
    to and you are simply extremely excellent. I actually like what you have got here, really
    like what you’re saying and the best way in which you assert it.
    You’re making it entertaining and you continue to care
    for to stay it sensible. I cant wait to read much more from you.
    That is actually a terrific web site.

  • Carmen says:

    It’s hard to come by knowledgeable people on this topic, but
    you sound like you know what you’re talking about!

    My blog :: breast enhance, Carmen,

  • Ricky says:

    It is rather conspicuous then coordinating dumpster delivery and decide up time: a broker promises specific occasions with out really realizing if a local hauler is ready to guarantee it.
    roll off dumpster rental indianapolis (Ricky) off dumpster rental value depends upon many
    elements like the dimensions of a container, sort of waste, quantity of trash, location and lots of
    more. You’ll not only save on rental cost, but in addition avoid
    them dumping the trash without your permission.

  • judi bola says:

    If you are interested in going into school sports you
    will need to look into certification and courses.
    So I would urge you not to delay and go get yours now.
    Have you ever felt that there is more to nutrition and health than merely telling people what to eat and what not to eat.

  • Elizbeth says:

    Podemos conocer cuál es nuestro enganche” mediante apps como la que os traemos hoy mismo desde Androidsis y que os señalará cuantas veces encendéis el teléfono a lo largo del día.

  • We completely love this Vast Elastic Maxi Skirt Tutorial from quelinda-crafts!

  • Excellent post. I’m dealing with a few of these issues as well..

    my weblog Bitcoin Wealth Alliance Review

  • www.wat.tv says:

    Attractive section of content.I just stumbled upon your web sit and
    in accession cpital to claim that I get acrually loved account your blog posts.
    Anyway I will be subscribing in youhr feeds or even I fulfillment you get enty to constantly quickly.

  • Casimira says:

    So, you just have to full a easy survey and your download will commence automatically.

  • about says:

    Say you wish to gain information about the Electricians ace contractors in salt lake
    city ut. If you have certain products with you, which you will have plenty of
    connections in the structure.

  • Very good blolg post. I definitely appreciate this site.
    Continue the good work!

    Look into my web site minocycline for dogs with heartworms

  • Luis says:

    Good way of telling, and nice piece of writing to obtain information on the
    topic of my presentation topic, which i am going to present in university.

  • Hi colleagues, good post and good arguments commented at this place, I am actually enjoying by these.

  • By making sure you know the answer to these questions, you
    will reduce the risk of injury or death. Some individuals are naturally charming but there are some who do not have the gift.

    This is a revelation and I promise you it’s one of the best ways of eliminating future problems in your next relationship or to help you mend this one.

  • Hey! Do you knnow if thry make any plugins to protect against hackers?
    I’m kinda paranoid about losin everything I’ve worke hard on. Any suggestions?

  • Contractors transforming a room in homes also usually hire a 20-yard
    warsaw dumpster rental.

  • The new system can electronic be downloaded and used as a voice recorder for free, we would give this
    one to the other mobile Apple platforms. The AppleCare Protection Plan for the iPhone into
    the market. You will pay for virtual goods to enhance their game.
    If you have an iPhone. This certainly is a great idea.

  • this says:


    World’s First Bitcoin ATM Goes Online | DrJays.com Live | Fashion. Music. Lifestyle…

  • I’m now not sure where you are getting your information, however good topic.

    I must spend some time learning more or understanding more.
    Thanks for great information I was on the lookout for this info for my mission.

  • I constantly spent my half an hour to read this tarot weblog’s articles or reviews all the time along with a
    cup of coffee.

  • this link says:

    If possible, stop the water leakage and you might rather have
    a current tetanus vaccination. If mold click here remediation is crucial for you to look for a professional service like Mold Removal The Homeowner’s Guide To Mold Remediation during
    60 days 100% RISK-FREE. This is beneficial because it is difficult to remove, and protect your
    skin with pre-existing or new health conditions.

  • When using Safari on your 3G and it’s just too slow, you’ll need more info to use roaming fees.
    And in all states, it’s dangerous to do so very quickly.

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS. Be nice. Keep it clean. Stay on topic. No spam.

We want to keep in touch with you. If you give us your email address, you may receive marketing emails from the DJ Networks family. We hope that's cool.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.