Robocoin Shipping 50 Bitcoin ATMs By Summer, Announcing 'Something Big' on May 1st
Demand for bitcoin ATMs are seemingly at an all-time high. One of the leaders in the industry, Las Vegas-based Robocoin, reported some impressive numbers in an email update from head honcho Jordan Kelley. Said Kelley: "Robocoins are live in Japan, Australia, London, Israel, Singapore, Canada and the United States (Texas, California and now South Carolina). There are 13 Robocoins in operation exchanging bitcoins for Yen, Australian Dollars, Pounds, Singapore Dollars, Shekels, Canadian Dollars and US Dollars respectively." According to Kelley, more units have been shipped to Italy, Ireland,....
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Robocoin, a Bitcoin based company in Las Vegas, Nevada, has announced that they will be launching a new project called Robocoin Bank. The new project will take all existing Robocoin ATMs and turn them into banking branches. Through software updates, they plan to add features that allow users to bank using Bitcoin. Robocoin is offering the chance to start your own branch of Robocoin Bank by purchasing and operating one of these Robocoin Kiosks. Robocoin Banking functionality should be fully online starting summer of 2014. The new features will allow users to open a Robocoin Bank account in....
Today, Robocoin has announced open enrollment for their Robocoin Wallet, which is needed to use the "Robocoin Bank." Robocoin has taken the first step to moving away from being just a Bitcoin ATM company to becoming a full-fledged "Bitcoin Bank." The Robocoin Banking platform, which utilizes all existing Robocoin ATMs as automated kiosks, will provide banking services to customers around the world in the form of a new Bitcoin wallet: The Robocoin Wallet. Robocoin first revealed plans to change their ATMs into a more functional global network to support Bitcoin earlier this year. Those that....
Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. Recently I was contacted by a disappointed Robocoin ATM user. His experience with the ATM was not good: He felt the fee's were too high. I and others had voiced concerns over security and ease of use as well. In response, Sam Glaser of Robocoin contacted me after reading my article and has answered some questions for me. He let me know his concern about the misconceptions surrounding how and why the Robocoin ATM needs the info and security measures it does. Sam addresses the fee structure as well. With Robocoin ATMs being....
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....
With SXSW 2014 starting this week, Robocoin is gearing up to make four bitcoin ATMs in Austin, Texas accessible for the events. According to the Las Vegas-based company, three of the ATMs are already in place, and the fourth is dubbed the "Robocoin Rover", a Robocoin ATM that is capable of moving from place to place (see picture above). Here are the stationary locations: HandleBar: 121 East 5th Street. Dominican Joe's Coffee Shop: 515 South Congress Avenue. Central Texas Gun Works: 321 West Ben White Boulevard #203. The ATMs at HandleBar and Dominican Joe's are operated by Bitcoin Agents,....