Lamassu Introduces Open-Source Software for Bitcoin ATM Network
Lamassu operators can now provide remittance, airport cash exchange and bill payment services via their bitcoin ATMs following the release of Rakía, the company's new open-source software platform. With the change, current operators of Lamassu ATMs will become independent nodes, no longer having to rely on a centralized service. In turn, they will be able to retain control of price settings, commission rates and background trading. In a statement, Lamassu co-founder Zach Harvey said that the company doesn't intend to become another money transfer or exchange service like Western Union or....
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New Hampsire-based Lamassu - the manufacturer of one of the leading bitcoin ATMs available today - has announced the release of something they are calling Rakía, a brand-spanking-new open source back-end system that will redefine how the company's network of ATMs in use around the world are utilized by customers. Operators of the Lamassu devices - which presently allow consumers to buy butcoin with fiat currency in a matter of seconds - will be independent nodes, and won't have to rely on a centralized service. According to Lamassu, these operators will have complete control over setting....
Robocoin Bitcoin ATM operators now have a new attractive alternative to abiding by Robocoin's new compliance standards. In response to Robocoin's move to enforce AML/KYC compliance for all of its ATM operators (even non-American ones), some Bitcoin enthusiasts have banded together to port Lamassu's open source Bitcoin ATM software to run on Robocoin's hardware. Currently, the Lamassu Robocoin ATMs only have buy functionality; however, both sell and optional AML/KYC features are also in the works. Also read: Bitcoin ATM Disappointment and the Huge Bank-like Fees for Using Them. New....
A Singapore company has created a way for customers to buy gold and silver directly from a Lamassu bitcoin ATM. Quantified Assets, a bitcoin-to-precious metals brokerage, has a prototype machine set up in Singapore's HackerspaceSG, which it is using as a showcase to offer its front-end interface to all 118 Lamassu operators worldwide. Founder and CEO Ville Oehman told CoinDesk the first request from another Lamassu operator came within ten minutes of announcing the service. The company has added the functionality by building its own fork of Lamassu's software, which is open source. The ATM....
Lamassu's Bitcoin Machine isn't exactly a Bitcoin ATM -- instead, it's designed to enable one-way exchanges only: cash to bitcoins. But, for now, that's good enough in a world where changing fiat currency into the digital stuff is still a complicated, circuitous process that's not easily available to everyone. "(T)he core intention is to simplify obtaining bitcoins," says Zach Harvey, one of the three people behind Lamassu Bitcoin Ventures, which plans to roll out the machines starting this summer. The other two founders are Zach's brother, Josh Harvey, and Matt Whitlock, a network....
Open-source software projects are starting to use bitcoins as a way to pay programmers for their work. Open-source software is developed under a license that enables anyone to view and modify its source code. Many commercial projects use open-source code, and popular software such as Linux is based on it. Although most open-source developers volunteer, there has also been a growing tradition of bounty sites, which will pay open-source developers for their help in developing software. These sites have used traditional currencies. Now, Bitcoin Bounties has a system that will enable....