Lamassu Announces a Modular Two-Way Bitcoin ATM System

Lamassu Announces a Modular Two-Way Bitcoin ATM System

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....


Related News

PayPal Modular Payment System Will Support Bitcoin

There are some indications pointing towards Paypal finally introducing official support for Bitcoin and other cryptocurrencies. Paypal has filed a patent for a modular payment system. Although it seems to indicate this will be a hardware device of some sort, there is also a mention of using a virtual currency wallet system. Every time a company files a patent for some new form of payment technology, there seems to a buzz of excitement in the air. In the case of PayPal, their patent application revolved around a modular payment system, which offers some interesting traits. The PayPal....

New Lamassu Product Upgrades Bitcoin ATMs for Two-Way Transactions

Bitcoin ATM manufacturer Lamassu has debuted a new ATM stand that allows customers to exchange bitcoin for cash, enabling two-way ATM transactions through its units for the first time. The Santo Tirso floor stand is designed to augment current Lamassu ATMs and compete against current two-way market offerings, such as those from rival manufacturer Robocoin. Lamassu CEO Zach Harvey told newsBTC that the new product enables operators to develop their ATM infrastructure based on consumer demand and business concerns. Harvey said: "It was important for us to give operators the choice of one-way....

Bitcoin ATM Manufacturer Lamassu Announces Sale of 100 ATMs

Maybe on your adventures of learning more about bitcoin you've seen a small, white ATM here and there. It's made by Lamassu, and they've announced that they've managed to sell their 100th bitcoin ATM. "We've had orders from all over the world. We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan. We've translated our user interface into more than a dozen languages including Russian, Chinese and Friulian. To me it's a testament to the global reach of bitcoin," said Lamassu CEO Zach Harvey. So far, the company has delivered a fraction of the units, with the rest....

Lamassu Announces Sale of 100th Bitcoin ATM

Manufacturer Lamassu is ending 2013 on a high. The company has just announced the sale of its 100th bitcoin ATM, and more than 120 orders. To mark the occasion, Lamassu has set up an online map of bitcoin ATM locations that will be updated as new units go live across the globe. More than a dozen ATMs have been delivered so far, and the rest of the orders will be fulfilled by Spring 2014. Zach Harvey, Lamassu's CEO, said: "We've had orders from all over the world. We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan. We've translated our user interface into more....

Robocoin Operator Hacks ATM to Run Lamassu Software

Robocoin's comments have been added. A former Robocoin operator in the UK has 'hacked' its bitcoin ATM machines to run on software from rival manufacturer Lamassu. The operator, SatoshiPoint, has installed a system that runs on Lamassu software, bypassing the original Robocoin system. The machine can still buy bitcoin but it has lost its ability to sell bitcoin and dispense fiat currency. SatoshiPoint's four Robocoin machines were remotely disabled by the manufacturer on 7th November after it refused to use the company's updated operating system. The new operating system requires ATM....