LocalBitcoins.com Announces Bitcoin ATM Project
Source: localbitcoins.blogspot.fi. Today, LocalBitcoins.com announced the coming of their very own bitcoin ATM solution. Aptly named the LocalBitcoins ATM, the device allows users to both buy and sell the digital currency. Users buying bitcoin at the ATM are provided with a redeemable code to be used on LocalBitcoins.com. Selling requires the user to load bitcoin on their LocalBitcoins wallet, go to the ATM URL and a code is provided. The user types the code into the machine, and out it comes in fiat. LocalBitcoins says the machine can be programmed to support over 100 currencies from....
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The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....
Today, May 3, 2014 LocalBitcoins reported a "very dangerous attack" on the site's infrastructure. As of now, LocalBitcoins has released a statement saying that none of their users data or Bitcoins have been affected and in the meantime "the site will be down for a while as the system is being rebuilt." LocalBitcoins hosting service had received a request to restart the website's server that apparently came from a "spoofed email" and other flaws in the hosting provider's support system. LocalBitcoins became aware of the situation shortly after this abnormal activity started. The attacker....
You may recall that earlier this year (February, to be precise), bitcoin buying/selling matchmaker LocalBitcoins.com announced they were working on a bitcoin ATM project. There was even a first batch available, but now, the service is taking orders for their newer-looking device, which LocalBitcoins says does not require an internet connection. With a 30-note recycler and capable of holding 300 notes, the ATM probably isn't ready for use in high-traffic areas, and it's really not that aesthetically pleasing, either. The LocalBitcoins teams does add that the ATM is upgradeable, and they're....
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
It’s important to remember the part played by over-the-counter (OTC) bitcoin trading platforms like LocalBitcoins — they often reveal interesting things about Bitcoin’s place in the world. LocalBitcoins Volume Getting Higher. Kaiko tracks data from LocalBitcoins as well as all other exchanges, and we’ve compiled all that information into the first....