Genesis Coin Announces Two Genesis1 Bitcoin ATMs in Tijuana
The announcement of two brand-new bitcoin ATMs installed in Tijuana, Mexico has come a bit later than expected, but here we go. We first talked about these machines just a few days ago, when a company called Bitcoin42 announced plans to install Bitcoin ATMs at the BIT Center in Tijuana. At the time, we didn't know much about the machines themselves. But now, the manufacturer has come forth with their own announcement. They're California-based Genesis Coin (they've got a really good domain name), and they're proud of their new Genesis1 ATM (pictured above). You've likely seen a slew of ATMs....
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San Diego, California-based Genesis Coin has announced the launch of yet another of their bitcoin ATMs. The Genesis1 kiosk has entered service in Whistler, British Columbia at West Coast Float, a floatation therapy center. Whistler is a west coast tourist hotspot attracting a slew of people every year, who come for world-class skiing experiences. "As a West Coast resident, I'm very excited to release the Genesis1 in Whistler," said Evan Rose, Genesis Coin CEO. Operated by Logicoins, the Genesis1 has made its mark on the industry by not only offering bitcoin, but litecoin and dogecoin....
Bit2Bloc's Kevin Fortier with the Genesis1 ATM. There's been quite a bit of buzz surrounding the Genesis1 bitcoin ATM (which incidentally also serves as a litecoin, dogecoin ATM). Since being deployed recently in Tijuana, they've been met with great interest, to say the least. And now, the company behind these machines, Genesis Coin, has announced the arrival of the next Genesis1 machine. It's making it's debut in the Capital of the Quebec Province in Canada, Quebec City. Located at the Auberge Amerik Hotel (adjacent to the Baguette et Cie coffee shop), the Genesis1 is being operated by a....
Step up, roll up your sleeve, and start smoothing out those crumpled banknotes as CoinDesk brings you the latest in bitcoin ATM and vending machine announcements from around the world. We say 'vending machines' not as a joke, but because in some jurisdictions cash-in only machines are classified as exactly that, to remain free from additional banking regulations ... or bans. Speaking of which, the week began on a sour note in Dubai when the UAE Department of Economic Development (DED) told us there was no license to install a bitcoin ATM in the country as yet. To rub salt in the wounds, it....
The folks over at Genesis Coin have announced the launch of their new line of cryptocurrency vending machines, dubbed the Satoshi1. The machine went live this week at the Thirsty Camel Cafe in downtown Nanaimo in British Columbia, Canada. Up until now, Genesis Coin has been delivering a number of Genesis1 ATMs which have made their way around the world and provide an all-in-one solution for individuals looking to both by and sell multiple types of cryptocurrency. The Satoshi1 machine is designed to be a less-expensive solution for operators, coming in at $5,800 (compared to $14,500 for the....
ATMs are cruicial not just for ease of adoption, but also for remittance, which looks to be one of the earliest “real” advantage Cryptos have over fiat currencies. But, in order for remittance to truly work, those on the receiving end need to have a simple method for turning their coins into their local currency. ATMs are an obvious solution. Low over head allows for lower fees than a traditional money changing service and the experience is more familiar and requires less trust than handing over bank information to an exchange (not to mention how it helps the unbanked). Genesis' ATMs are....