Australian Manufacturer Debuts First Cashless Bitcoin ATM
An Australian company says it has produced one of bitcoin's holy grails: a cashless ATM that allows users to buy bitcoins using a credit card, and sell bitcoins via a direct deposit to their bank account. The first fully functional Diamond Circle ATM arrived from its manufacturer in Brisbane this week. Unlike competing ATMs and vending machines that rely on QR codes and cash, Diamond Circle's solution is based on near-field communication (NFC) technology with paper receipt backups. This unique approach is the brainchild of CEO Stephen Rowlison, a seasoned FinTech (financial technology)....
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Australian bitcoin hardware manufacturer Diamond Circle has suspended operations citing a lack of capital. The company, which launched Australia's first cashless ATM last year, is currently seeking a buyer for its wallet service, cloud hosted platform, NFC card technology, ATM network, hardware, bitcoin point-of-sale solution, data, trademarks and trade secrets, as well as the source code for all its platform components. Speaking to CoinDesk, Stephen Rowlison, CEO at Diamond Circle, said that the decision had been taken based on a
Every day one hears about the impending demise of physical cash - the dirty coins and banknotes that our grandfathers used for everyday transactions, and some filthy criminals still use today - and the upcoming transition to a cashless society. To us geeks that seems initially a good idea - more virtual, more wired, more connected, more cyber - but then one has second thoughts. Cashless society? I say NO, thanks. Not yet. Sweden Leads in Cashless Transactions. Cashless as they intend it means 24/7 surveillance. It's a tool of Big Brother. If you have doubts, let me lay them to rest for....
Stephen Rowlison, an experienced Australian financial technologist, has announced the development of the World's first Bitcoin (cashless) ATM. This development, by the company Diamond Circle, allows users to but bitcoins using a bank or credit card and to sell bitcoins with the money from the sale being transferred straight to their, pre-registered, bank account. The machine does not require QR codes or cash, but works on something called, near-field communication via a small plastic key-tag and generates, for its users, a good old fashioned paper receipt. To all intents and purposes the....
Bitcoin's first cashless ATM has just gone live in Queensland, Australia. The ATM kiosk was installed at the Bluff Café, which is located in Burleigh Heights. The ATM has been a long time in coming since Diamond Circle announced its development in March this year, but it is now and finally here. The Diamond Circle ATM works together with its bitcoin debit cards. They cannot be used with any other ATM. In March this year, CCN carried the story about Diamond Circle having developed the first cashless Bitcoin ATM. In explaining how the Bitcoin ATM would work, the company's Chief Technology....
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