Skyhook's Open-Source Bitcoin ATM Will Cost Under $1,000
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....
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Open-source bitcoin ATM manufacturer Skyhook has announced that it has shipped 150 units since its May launch, and that 70 units have been sent to customers since the beginning of June alone. Skyhook is unique within the bitcoin ATM ecosystem for its low-cost, portable alternative to more well-known brands like Lamassu and Robocoin. First launched in mid-May, Skyhook is based out of Portland, Oregon. In an announcement on its official blog, the Skyhook team said that demand has been steadily rising for its open-source ATMs. The company now aims to complete 1,000 sales before 2015. Skyhook....
Skyhook is new to the bitcoin ATM-scape but is already interesting many with its first project - the first ever portable, open-source bitcoin ATM machine, with prices starting at $999. The Portland-based manufacturer launched the machine on 12th May and demoed it at the Bitcoin2014 conference this weekend. Existing manufacturers like Robocoin and Lamassu charge from $5,000 to $20,000 for an ATM that exchanges bitcoin for fiat currencies worldwide. Skyhook's hardware and software are designed to make bitcoin more accessible to the masses, as well as existing bitcoin users. Chief operating....
Bitcoin ATMs: they've become so very popular. A point proven today by Project Skyhook, who announced via their blog that they have shipped their 150th unit. Demand for the Skyhook units have been quite high primarily given their low-cost pricing. Compared to competitors' pricing, the Skyhook only runs at $999, and Project Skyhook says that demand "is very strong, and growing every day." In the past month, the team says they've sold 70 ATMs, and they're apparently projecting even greater demand in the next month. "Our goal this year is to sell 1,000 units, and thanks to our great customers....
Botswana's first Bitcoin ATM, a Skyhook model, has landed in the country. Originally owned by the Taurus Bitcoin Exchange, its relatively-long processing time was considered untenable in the saturated Canadian market. Its small size and extreme affordability, however, made it perfect for donating to send to Africa. It's headed to Satoshi Center in Gaborone, a cryptocurrency incubator soon to be established. The tech team there-eager to get their hands on relatively-expensive technology-will retrofit it to accept South African rands (commonly resorted to in the region) until the Botswana....
Welcome to the CoinDesk Weekly Review 17th January 2014 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. ATM by numbers. Bitcoin ATMs are hotting up: Lamassu and Robocoin are making them, Taiwan's banned them, New York's thinking about licensing them, and now Skyhook's doing a $1,000 model that's open source - anyone who fancies making their own can do so using Skyhook's design. But how much would that cost? Well, there's not very much in a bitcoin ATM. The....