Skyhook Releases Open-Source Bitcoin ATM for Merchants on a Budget
Skyhook is new to the bitcoin ATM-scape but is already interesting many with its first project - the first ever portable, open-source bitcoin ATM machine, with prices starting at $999. The Portland-based manufacturer launched the machine on 12th May and demoed it at the Bitcoin2014 conference this weekend. Existing manufacturers like Robocoin and Lamassu charge from $5,000 to $20,000 for an ATM that exchanges bitcoin for fiat currencies worldwide. Skyhook's hardware and software are designed to make bitcoin more accessible to the masses, as well as existing bitcoin users. Chief operating....
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Open-source bitcoin ATM manufacturer Skyhook has announced that it has shipped 150 units since its May launch, and that 70 units have been sent to customers since the beginning of June alone. Skyhook is unique within the bitcoin ATM ecosystem for its low-cost, portable alternative to more well-known brands like Lamassu and Robocoin. First launched in mid-May, Skyhook is based out of Portland, Oregon. In an announcement on its official blog, the Skyhook team said that demand has been steadily rising for its open-source ATMs. The company now aims to complete 1,000 sales before 2015. Skyhook....
Botswana's first Bitcoin ATM, a Skyhook model, has landed in the country. Originally owned by the Taurus Bitcoin Exchange, its relatively-long processing time was considered untenable in the saturated Canadian market. Its small size and extreme affordability, however, made it perfect for donating to send to Africa. It's headed to Satoshi Center in Gaborone, a cryptocurrency incubator soon to be established. The tech team there-eager to get their hands on relatively-expensive technology-will retrofit it to accept South African rands (commonly resorted to in the region) until the Botswana....
There are a surprising number of bitcoin ATMs currently on the market for entrepreneurs willing to make an investment. Companies like Robocoin and Lamassu are building and selling ATMs that can exchange government-backed currencies for bitcoin all over the world. While hardware and software are readily available, the potential roadblock for many of these ATMs is compliance. In many countries the regulation of virtual money transmitters is still something of a grey area. Additionally, some governments do not appear to be interested in hosting virtual currency ATMs at all. CoinDesk recently....
Bitcoin ATMs: they've become so very popular. A point proven today by Project Skyhook, who announced via their blog that they have shipped their 150th unit. Demand for the Skyhook units have been quite high primarily given their low-cost pricing. Compared to competitors' pricing, the Skyhook only runs at $999, and Project Skyhook says that demand "is very strong, and growing every day." In the past month, the team says they've sold 70 ATMs, and they're apparently projecting even greater demand in the next month. "Our goal this year is to sell 1,000 units, and thanks to our great customers....
The past year has seen a huge increase in the number of Bitcoin ATMs across the globe. There have been machines from Genesiscoin, Cryptex Card, Robocoin, and finally, the cheapest option, Skyhook. Everything has not been going without small setbacks however, and today it was announced that the very first Bitcoin ATM in Arizona has been hit by lightning. Hopefully, the insurance company will not view this as an act of God. Brian Williams, the founder and owner of Javelin Investments LLC, has announced that his Bitcoin ATM has been totally destroyed by a lightning strike. The Bitcoin ATM was....