Lamassu Announces Modular Two-Way Bitcoin ATM
Our modular design allows them the ability to choose a cash-to-Bitcoin machine, or the option of adding a stand that enables two-way transactions. Different operators have different market needs, so flexibility is key here.
Lamassu is taking orders for its modular system, which enables owners of existing Lamassu Bitcoin ATMs to add Bitcoin-for-cash capability via its new Santo Tirso bill dispensing pedestal. Previously, the manufacturer only produced machines with the ability to make cash-for-Bitcoin transactions. The bill dispenser stands, which sell for $5,500 each, are now available for preorder and will make their first appearance at the Bitcoin Foundation’s Bitcoin 2014 conference in Amsterdam May 15-17.
“It was important for us to give operators the choice of one-way or two-way transactions,” says Zach Harvey, CEO of Lamassu. “Our modular design allows them the ability to choose a cash-to-Bitcoin machine, or the option of adding a stand that enables two-way transactions. Different operators have different market needs, so flexibility is key here.”
The Santo Tirso, which functions as both a bill dispenser and sleek floor stand for the Lamassu Bitcoin Machine, can hold up to 1,000 banknotes of any currency. It’s compatible with all 235-plus Lamassu machines that have been sold around the world. This opens up automated and affordable remittance options, particularly for those living in third-world countries.
“We’re very happy with the way this turned out, in terms of price point, minimalism and versatility,” Harvey says.
“We definitely intend on expanding our modular options, both for hardware and software.”
For those who want a stand but don’t need two-way transactions, Lamassu also offers operators the option of adding on the Braga floor stand, which is priced at $1,800 and does not include a bill dispenser.
Even with the addition of the cash-dispensing floor stand, the Lamassu Bitcoin machines are the most affordable two-way Bitcoin ATMs on the market. They are all built in a small expert facility in Portugal and have the smallest footprint of any two-way Bitcoin ATM, allowing operators to put them in places where floor space is limited.
For more information about the Lamassu Santo Tirso cash-dispensing floor stand visit: https://lamassu.is/product/santo-tirso/
Related News
Lamassu. It's a well-recognized name in the bitcoin industry. Many would say the company has revolutionized the in-person acquisition of bitcoin via a streamlined thirty-second process, and the company is taking one step forward with the introduction of a modular two-bitcoin bitcoin ATM system. Dubbed the Santo Tirso floor stand, it comes as an optional compliment to the traditional Lamassu devices we're quite used to seeing. Built into the stand is a bill dispenser that will effectively allow current Lamassu devices in operation to exchange cash for bitcoin - making them much more than a....
Bitcoin ATM manufacturer Lamassu has debuted a new ATM stand that allows customers to exchange bitcoin for cash, enabling two-way ATM transactions through its units for the first time. The Santo Tirso floor stand is designed to augment current Lamassu ATMs and compete against current two-way market offerings, such as those from rival manufacturer Robocoin. Lamassu CEO Zach Harvey told newsBTC that the new product enables operators to develop their ATM infrastructure based on consumer demand and business concerns. Harvey said: "It was important for us to give operators the choice of one-way....
Maybe on your adventures of learning more about bitcoin you've seen a small, white ATM here and there. It's made by Lamassu, and they've announced that they've managed to sell their 100th bitcoin ATM. "We've had orders from all over the world. We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan. We've translated our user interface into more than a dozen languages including Russian, Chinese and Friulian. To me it's a testament to the global reach of bitcoin," said Lamassu CEO Zach Harvey. So far, the company has delivered a fraction of the units, with the rest....
Manufacturer Lamassu is ending 2013 on a high. The company has just announced the sale of its 100th bitcoin ATM, and more than 120 orders. To mark the occasion, Lamassu has set up an online map of bitcoin ATM locations that will be updated as new units go live across the globe. More than a dozen ATMs have been delivered so far, and the rest of the orders will be fulfilled by Spring 2014. Zach Harvey, Lamassu's CEO, said: "We've had orders from all over the world. We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan. We've translated our user interface into more....
There are some indications pointing towards Paypal finally introducing official support for Bitcoin and other cryptocurrencies. Paypal has filed a patent for a modular payment system. Although it seems to indicate this will be a hardware device of some sort, there is also a mention of using a virtual currency wallet system. Every time a company files a patent for some new form of payment technology, there seems to a buzz of excitement in the air. In the case of PayPal, their patent application revolved around a modular payment system, which offers some interesting traits. The PayPal....