Robocoin Operator Hacks ATM to Run Lamassu Software
Robocoin's comments have been added. A former Robocoin operator in the UK has 'hacked' its bitcoin ATM machines to run on software from rival manufacturer Lamassu. The operator, SatoshiPoint, has installed a system that runs on Lamassu software, bypassing the original Robocoin system. The machine can still buy bitcoin but it has lost its ability to sell bitcoin and dispense fiat currency. SatoshiPoint's four Robocoin machines were remotely disabled by the manufacturer on 7th November after it refused to use the company's updated operating system. The new operating system requires ATM....
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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....
If you were thinking about becoming the operator of a bitcoin ATM, listen up. This evening, Robocoin CEO Jordan Kelley announced that his company will be offering Robocoin ATM operators the ability to register for a 'lifetime' license, to avoid paying fees to the company moving forward. Currently, Robocoin ATM operators are setting their own transaction fees and the Las Vegas-based company takes a 34 percent cut of whatever fee charged by the operator. Under the new model, Robocoin will take a 1 percent cut. Current operators will be auto-enrolled beginning on the first of April. For the....
A vocal minority of operators are taking a stand against major bitcoin ATM manufacturer Robocoin over its decision to cut ties with any business partners that refuse to upgrade to its new proprietary wallet platform. At press time, the operators of eight machines have confirmed to CoinDesk that their Robocoin bitcoin ATM units had gone offline over the issue. Robocoin has some 45 machines in operation globally, according to the CoinDesk Bitcoin ATM Map. The operators of these eight machines have refused to upgrade to the company's Robocoin 2.0 platform, which will require them to collect....
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....
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....