World's First Bitcoin ATM, Robocoin, Hits the Streets Next Week
Courtesy: blog.robocoinkiosk.com. There's long been talk of the inevitable inception of Bitcoin ATMs sprinkled around, but a trio originally from British Columbia is bringing the Robocoin ATM to market and flipping the "on" switch Tuesday outside of a downtown Vancouver coffee place. The way it works is fairly straight-forward. Users can insert up to $3,000CAD (or about $2,900USD) per day into the machine and get it converted to Bitcoin after scanning your palm (the palm scan ensures you do not exceed the daily limit of Bitcoin conversion). Robocoin makes the equivalent trade on Canada's....
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Today, Robocoin has announced open enrollment for their Robocoin Wallet, which is needed to use the "Robocoin Bank." Robocoin has taken the first step to moving away from being just a Bitcoin ATM company to becoming a full-fledged "Bitcoin Bank." The Robocoin Banking platform, which utilizes all existing Robocoin ATMs as automated kiosks, will provide banking services to customers around the world in the form of a new Bitcoin wallet: The Robocoin Wallet. Robocoin first revealed plans to change their ATMs into a more functional global network to support Bitcoin earlier this year. Those that....
Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. Recently I was contacted by a disappointed Robocoin ATM user. His experience with the ATM was not good: He felt the fee's were too high. I and others had voiced concerns over security and ease of use as well. In response, Sam Glaser of Robocoin contacted me after reading my article and has answered some questions for me. He let me know his concern about the misconceptions surrounding how and why the Robocoin ATM needs the info and security measures it does. Sam addresses the fee structure as well. With Robocoin ATMs being....
Nevada-based Robocoin announced today the launch of their Robocoin Wallet product, they've been teasing since earlier this year (this was labeled Robocoin Bank earlier this year). It's the only bitcoin wallet with a global kiosk network behind it, making use of Robocoin-manufactured ATM systems distributed around the world. These are the only ATMs that allow the creation of bitcoin accounts, and consumers are able to both buy and sell the digital currency, in addition to storing and sending to others. "It's better than a Bitcoin ATM. It's better than a Bitcoin Wallet. By combining the best....
Courtesy: @Robocoin, Twitter. Last week I posted about the fact that the Robocoin ATM would be entering service out in the field for the first time in Vancouver. The day has come, and the first Robocoin ATM is now operating inside of a coffee shop. The ATM allows users to transact up to $2,000 USD per day and convert it to Bitcoin and vice-versa. It's an interesting concept, but the true test here will be just how well the machine fares in the future. Will it get much use? Will it often get mistaken for a cash machine? Robocoin has apparently sold more than one, so it's only a matter of....
Las Vegas-based bitcoin ATM manufacturer Robocoin announced Thursday that they're taking their business in a whole new direction with the introduction of the Robocoin Bank - effectively becoming the world's first bitcoin bank. "The world's newest global bank represents an evolution in Bitcoin and a potential disruption to the massive remittance industry. The Robocoin Bank is Robocoin's vision for creating the best experience in all of Bitcoin and unleashing it for the masses," the company said in their announcement. The move is huge and unexpected, and affirms the company's desire to....