Lamassu Order-to-Ship Time Reduced to 8 Weeks, Unveils New Pedestal
Lamassu is busy at work on their vending machines, which have been a hit amongst operator start-ups around the world. In late December, the company announced the sale of their 100th machine, which allows users to pay for bitcoin with fiat in as little as thirty seconds. The company is now projecting they'll deliver their 200th machine by May of this year, with at least one device on six of the seven continents (we're waiting for the day one turns up in Antartica). In November of last year, the company had devices in the hands of only 14 operators. In addition, Lamassu announced a new lead....
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Bitcoin ATM manufacturer Lamassu released a new newsletter update on 26th March indicating that it is on track to ship 200 bitcoin ATM machines to buyers by this May. This figure is up from the roughly 14 it estimates were in operation as of last November. Further, the company said will have at least one unit delivered to every continent by that time, though it said Antarctica would not be included. The announcement also revealed the company's first bitcoin ATM accessory - a stand that will retail for $1,600 per unit. Lamassu ATMs have been popping up with increasing frequency around the....
Lamassu. It's a well-recognized name in the bitcoin industry. Many would say the company has revolutionized the in-person acquisition of bitcoin via a streamlined thirty-second process, and the company is taking one step forward with the introduction of a modular two-bitcoin bitcoin ATM system. Dubbed the Santo Tirso floor stand, it comes as an optional compliment to the traditional Lamassu devices we're quite used to seeing. Built into the stand is a bill dispenser that will effectively allow current Lamassu devices in operation to exchange cash for bitcoin - making them much more than a....
Lamassu has shipped its first bitcoin ATM, which allows users to insert cash and transfer it, in bitcoins, to their bitcoin wallet. The company confirmed that the first machine has been shipped to a customer in Atlanta, Georgia. Zach Harvey, CEO of Lamassu, told CoinDesk he is currently in Portugal overseeing production, assembly and export of the machines. "It's an amazing feeling to go from a wooden box/Raspberry Pi prototype in February to shipping a hardened steel production model in October," he said, adding: "That being said, this is still an on-going process, so we don't really have....
Freshly announced: Fraud prevention company IdentityMind Global has partnered up with Lamassu Bitcoin Ventures in order to integrate IdentityMind's compliance platform into Lamassu bitcoin ATMs scattered around the world. According to IdentityMind, "The integration includes built-in Know Your Customer (KYC), transaction monitoring, Sanctions Screening, automated SAR filing and Anti-Fraud services, providing ATM operators with the key compliance abilities needed to legally operate their machines worldwide." As the popularity of bitcoin continues to rise, operators of bitcoin ATMs are....
Startup Lamassu makes bitcoin ATMs that take in cash and exchange it on the spot for bitcoin. The company was started by Zach Harvey, Josh Harvey and Matt Whitlock just one year ago and, despite regulatory challenges in various locations, more than 200 people have bought Lamassu machines and are working to put them into operation all over the world. CoinDesk sat down with Zach Harvey at CoinSummit to discuss the machine's roll-out, Whitlock's departure and the bitcoin ATM's true potential. Brothers and co-founders Zach and Josh Harvey with a Lamassu ATM. CoinDesk: How many Lamassu ATMs....