Saturday 2 November 2013

First Bitcoin ATM

Now, you can buy bitcoins or sell bitcoins for Canadian dollars in Vancouver, British Columbia, Canada.
Three young entrepreneurs have opened an ATM in Vancouver (Canada) and it's first real ATM in the world.
Customers use a private key - like a bank PIN number to access their online account of bitcoins on the ATM. They withdraw cash equivalents from their bitcoins, or deposit cash bills. The machine transfers the money on the internet via the Canadian VirtEx exchange.
People were excited in the real world as well. The machine had 81 transactions worth CND$10,000 on its first day (which is $9,500 US or 48 BTC), and $30,000 on its second day.

Roughly 30% of the ATM's users have been first-time Bitcoin buyers. Brand new users can create a Bitcoin account in about 4 minutes by scanning their palm, their identification card, and allowing a camera to scan their face in order to match the image on their ID. After the account is created, users will only need their palm for future access to the Bitcoin ATM.
http://www.youtube.com/watch?v=uoiAewo5K7s

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