Bitcoin ATM Maker Robocoin Hints at Software Shift
Robocoin CEO Jordan Kelley has addressed rumors the company may be pivoting, suggesting it may soon expand the means by which its allows consumers to buy and sell bitcoin. The rumors, which first surfaced on 29th January, implied the company would be moving away from its bitcoin ATM hardware due to the technical difficulties managing its network, and that Robocoin's future was perhaps in jeopardy due to these issues. Speaking to CoinDesk, Kelley didn't deny the rumors so much as seek to rephrase the question, suggesting that Robocoin has always been broadly focused on helping consumers....
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Robocoin Bitcoin ATM operators now have a new attractive alternative to abiding by Robocoin's new compliance standards. In response to Robocoin's move to enforce AML/KYC compliance for all of its ATM operators (even non-American ones), some Bitcoin enthusiasts have banded together to port Lamassu's open source Bitcoin ATM software to run on Robocoin's hardware. Currently, the Lamassu Robocoin ATMs only have buy functionality; however, both sell and optional AML/KYC features are also in the works. Also read: Bitcoin ATM Disappointment and the Huge Bank-like Fees for Using Them. New....
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....
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....
Pioneering bitcoin ATM maker Robocoin has come under fire after an angry customer took to Reddit to publicise its grievances about how it was treated by the firm. The customer, a company called MetaLab Design in Victoria, Canada, claimed the ATM it ordered from Robocoin was severely delayed and defective when it arrived. It said it was still waiting to be refunded after returning the unit. Within a day of airing its grievances on Reddit, MetaLab said it got its money back from Robocoin. It proclaimed today on the message board that "Internet justice has been served", saying: "With the....
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....