Lamassu ships first bitcoin ATM
Lamassu has shipped its first bitcoin ATM, which allows users to insert cash and transfer it, in bitcoins, to their bitcoin wallet. The company confirmed that the first machine has been shipped to a customer in Atlanta, Georgia. Zach Harvey, CEO of Lamassu, told CoinDesk he is currently in Portugal overseeing production, assembly and export of the machines. "It's an amazing feeling to go from a wooden box/Raspberry Pi prototype in February to shipping a hardened steel production model in October," he said, adding: "That being said, this is still an on-going process, so we don't really have....
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Startup Lamassu makes bitcoin ATMs that take in cash and exchange it on the spot for bitcoin. The company was started by Zach Harvey, Josh Harvey and Matt Whitlock just one year ago and, despite regulatory challenges in various locations, more than 200 people have bought Lamassu machines and are working to put them into operation all over the world. CoinDesk sat down with Zach Harvey at CoinSummit to discuss the machine's roll-out, Whitlock's departure and the bitcoin ATM's true potential. Brothers and co-founders Zach and Josh Harvey with a Lamassu ATM. CoinDesk: How many Lamassu ATMs....
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....
Bitcoin ATM manufacturer Lamassu released a new newsletter update on 26th March indicating that it is on track to ship 200 bitcoin ATM machines to buyers by this May. This figure is up from the roughly 14 it estimates were in operation as of last November. Further, the company said will have at least one unit delivered to every continent by that time, though it said Antarctica would not be included. The announcement also revealed the company's first bitcoin ATM accessory - a stand that will retail for $1,600 per unit. Lamassu ATMs have been popping up with increasing frequency around the....
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....
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....