Former ATM Maker Robocoin Ends Bitcoin Services
Romit, the remittance service that began as bitcoin ATM developer Robocoin, has said that it is shutting down its bitcoin services. The company told customers today that it was suspending its bitcoin-related services and encouraged customers to begin withdrawing their funds. Romit, which offers a wallet service aimed at global remittance payments, plans to formally end its bitcoin services on 15th February, according to text messages sent to users. When reached for comment, Romit provided CoinDesk with an email announcing the move, stating: “We are discontinuing bitcoin services from our....
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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....
Pioneering bitcoin ATM maker Robocoin has come under fire after an angry customer took to Reddit to publicise its grievances about how it was treated by the firm. The customer, a company called MetaLab Design in Victoria, Canada, claimed the ATM it ordered from Robocoin was severely delayed and defective when it arrived. It said it was still waiting to be refunded after returning the unit. Within a day of airing its grievances on Reddit, MetaLab said it got its money back from Robocoin. It proclaimed today on the message board that "Internet justice has been served", saying: "With the....
Romit, the remittance service, which earlier started as Bitcoin ATM manufacturer Robocoin, announced it is closing all its Bitcoin related services with effect from February 15th 2016. The company now seems to have moved on to more traditional forms of payments for its entire business. What could have been the motivation of Robocoin to close all its Bitcoin related services entirely? Did they have to close because of their own incompetency? Or Is the BTM business not beneficial anymore? CoinTelegraph conducted a survey of experts from the Bitcoin ATM market. “They did not give out full....
Robocoin CEO Jordan Kelley has addressed rumors the company may be pivoting, suggesting it may soon expand the means by which its allows consumers to buy and sell bitcoin. The rumors, which first surfaced on 29th January, implied the company would be moving away from its bitcoin ATM hardware due to the technical difficulties managing its network, and that Robocoin's future was perhaps in jeopardy due to these issues. Speaking to CoinDesk, Kelley didn't deny the rumors so much as seek to rephrase the question, suggesting that Robocoin has always been broadly focused on helping consumers....
Bitcoin Solutions president Adam O'Brien has indicated he has not yet filed a lawsuit against Robocoin. O'Brien told CoinDesk he is awaiting a refund that will determine whether he conducts any further action. Embattled bitcoin ATM maker Robocoin is facing yet another upset, this time in the form of a looming customer lawsuit. Bitcoin Solutions, a Canadian outfit operating three bitcoin ATMs across Alberta and Saskatchewan, announced its intention to sue Robocoin in a Reddit post Thursday evening. President Adam O'Brien is seeking to get back part of the $25,000 he paid for an kiosk in....