Plan to Launch 1,000 US Bitcoin ATMs Collapses Amid Alleged Misconduct
A previously announced business partnership between BitXatm and CryptVision that would have resulted in the launch of 1,000 bitcoin ATMs in the US has been dissolved. First revealed on 20th July, the deal made CryptVision the exclusive provider of BitXatm bitcoin ATMs in the US and Canada. At the time, Los Angeles-based CryptVision aimed to establish itself as one of the more prominent bitcoin ATM operators in North America, while Germany-based BitXatm aimed to further its presence outside of Europe. The news was first detailed in an 8th September blog post published by BitXatm that....
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CAVIRTEX has launched its first six bitcoin-branded ATMs in the greater Toronto area. The machines mark the first phase of the exchange's larger plan to bring 10 bitcoin ATMs to Canada through a partnership with Gateway Newstands, a retail chain with 500 locations in North America. Speaking to CoinDesk, CAVIRTEX's marketing and business development director Kyle Kemper said the launch was a major milestone for the Calgary-based company and bitcoin itself. Although details about the ATMs were first revealed back in May, Kemper said that the company has taken time to execute its vision and....
The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs)....
Seattle and Austin will soon become the first US cities with bitcoin ATMs, provided everything goes according to plan. The machines are coming from ATM manufacturer Robocoin and the company claims they will be installed by the end of the month, Reuters reports. Robocoin ATMs are more elaborate than their Lamassu counterparts. They are cash-only machines and they have a few additional security features, such as biometric and optical scanners. In theory, this should allow much higher levels of security than regular ATMs. The barcode scanner can be used to scan QR codes and transfer bitcoins....
Coinsource has partnered with Kwik Trips, one of the largest independently owned gas station brands, to launch 800 bitcoin ATMs across the United States.
Recently we had published an article regarding the alleged failure of the newly launched Mike Tyson Bitcoin ATMs in Las Vegas. These new branded Bitcoin ATM range is the brainchild of Bitcoin Direct LLC, endorsed by well-known heavyweight boxing world champion, Mike Tyson. READ MORE: Mike Tyson Bitcoin ATM Fails to Pack the Initial Punch. We reached out to Bitcoin Direct LLC regarding the alleged reports of failures and the company responded to our request with their version of the incident. In response to our enquiry Peter Klamka, Managing Partner of Bitcoin Direct LLC clarified they have....