The Great Robocoin Rip-Off
In December Andrew Wilkinson, founder of MetaLab, and his friend Rajiv, founder of Sparklit, started getting excited about BitCoin. They both have full-time jobs running their companies, but they think Bitcoin is super cool, so when they heard about the Robocoin Bitcoin ATM they bought one for their hometown, Victoria, Canada. They figured it would be a fun little side project and a good way to help move Bitcoin forward. 10 months and $25,000 later, they think were we wrong. Also read: Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. In December they wired Robocoin $20,000 for....
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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....
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....
Las Vegas-based online bitcoin banking provider and ATM manufacturer Robocoin has debuted its first machine in China. Robocoin indicates that Chinese consumers can now buy and sell bitcoin for Chinese yuan at Beijing's Satoshi Plaza - a 1,000-square-meter bitcoin meetup space and incubator. Commenting on the announcement, CEO Jordan Kelly stressed the effort needed to bring the unit to China, saying: "Our Chinese partners have gone through great lengths to provide Bitcoin enthusiasts and newcomers the easiest and fastest access to bitcoin in the most compliant way. We seek to meet all....
Las Vegas-based startup Robocoin has partnered with Canadian company Bitcoiniacs to launch the first bitcoin-based ATM in Vancouver. Speaking from the launch at Waves Coffee House, where the ATM is located, Robocoin CEO Jordan Kelley said: "It's been a crazy day. I can't even tell you how incredible it is. There's a line in front of the machine right now." Kelley's goal for Robocoin's ATMs is to get bitcoin usage to the masses. "Robocoin has the first bidirectional bitcoin ATM. That means it gives customers the easiest way to buy and sell bitcoins. Signing up for accounts on exchanges is....