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....
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Lamassu Bitcoin ATMs open source code can be modified to support Ethereum and also interact with smart contracts on Ethereum network. Automatic Teller Machines, known across the world by its abbreviation – ATMs were revolutionary machines that made banking convenient for billions of individuals across the world. ATMs made people avoid visiting their bank branch for regular cash withdrawal, deposit, check deposit and other transactions. Today ATMs are prevalent, with at least one ATM in each block. Banks are adding new features to their ATM networks, enabling people to even pay their....
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....
We really started to hear a lot about bitcoin ATMs late last year, when Las Vegas-based Robocoin launched the first two-way ATM in a downtown Vancouver coffee shop (that device went on to process over $1 million CAD in transactions in one month). Since then, to say that this industry has flourished is an understatement. According to the Bitcoin ATM Map - a service that keeps track of bitcoin/cryptocurrency ATMs - there are now over 200 ATMs that cater to crypto enthusiasts in operation globally. These ATMs are distributed across six continents from over 15 manufacturers. Five manufacturers....
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....
New Hampsire-based Lamassu - the manufacturer of one of the leading bitcoin ATMs available today - has announced the release of something they are calling Rakía, a brand-spanking-new open source back-end system that will redefine how the company's network of ATMs in use around the world are utilized by customers. Operators of the Lamassu devices - which presently allow consumers to buy butcoin with fiat currency in a matter of seconds - will be independent nodes, and won't have to rely on a centralized service. According to Lamassu, these operators will have complete control over setting....