Robocoin Bitcoin ATM in Vancouver Does $1 Million in 1 Month

Robocoin Bitcoin ATM in Vancouver Does $1 Million in 1 Month

Courtesy: blog.robocoinkiosk.com. The last update brought to you by newsBTC on the topic of the Robocoin ATM (the first Bitcoin ATM out in the wild) was that the machine had done $100,000 in transactions in the matter of 8 days. The case now, as one would expect, is different. Reports indicate the Robocoin ATM in downtown Vancouver (at the Waves Coffee House) has processed a whopping $1 million CAD in transactions in 29 days. That amounts to about 1500 buy/sell transactions, in total. The ATM has received a fair bit of attention, particularly by the media for making it incredibly simple to....


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Las Vegas-based startup Robocoin has partnered with Canadian company Bitcoiniacs to launch the first bitcoin-based ATM in Vancouver. Speaking from the launch at Waves Coffee House, where the ATM is located, Robocoin CEO Jordan Kelley said: "It's been a crazy day. I can't even tell you how incredible it is. There's a line in front of the machine right now." Kelley's goal for Robocoin's ATMs is to get bitcoin usage to the masses. "Robocoin has the first bidirectional bitcoin ATM. That means it gives customers the easiest way to buy and sell bitcoins. Signing up for accounts on exchanges is....