Why Bitcoin will Transform Traditional Vending Machines
Tom Truitt hasn't been in the vending business a long time. But he knows one of the biggest changes taking place in vending machines found in cafeterias and break rooms is the introduction of cashless payment. And while the vending industry is adopting cashless payment and even mobile payment, Truitt has an even more futuristic vision for vending. He sees Internet cloud-based management of millions of vending machines that accept cryptocurrency. Truitt's company, Philadelphia-based Liberty Vending LLC, is developing a software system that manages bitcoin payments in vending machines. His....
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The next-generation of vending machines is one of the many new frontiers Bitcoin is entering as it slowly becomes more mainstream. This is embodied in the newest, and somewhat historical vending machine to hit the market. The first vending machines to legally dispense marijuana flower buds debuted in the state Oregon Tuesday in Seattle. Legally buy Marijuana in Colorado and now Washington. The ZaZZZ machines, as they're called, are being placed in registered medical pot dispensaries in select areas. This is necessary to verify the cannabis customer's age, and identity since medical....
Marijuana vending machines have long been rumored to debut en masse in certain US states, but the first machine that can be accessed directly by consumers was finally unveiled at an invite-only event in Colorado last week. Billed as the first marijuana vending machine in America, the ZaZZZ unit is perhaps more accurately described as the first machine that will not be placed behind a sales counter. It offers a number of novel compliance features, including a driver's license reader and a camera that captures video of users. Photo via Liz Ferron, Montana's Smokehouse. ZaZZZ machines also....
As the number of bitcoin-friendly merchants grows, so does the number of items and services users can get for bitcoin. It can now buy you a pricey Alienware gaming laptop, some home furnishings at Overstock or lunch and a couple of drinks in a number of establishments around the world. Here we look at unconventional and cool gadgets that accept bitcoin. They are still few and far between, but they offer a glimpse into the future and demonstrate that digital currencies can augment or even replace cash in the vending machine industry and a few other niches. Smart vending machines have been....
It's been a relatively quiet week on the ATM front. In the world of bitcoin, though, no news is often good news. The fact that ATM installations no longer grab the headlines like they used to is a healthy sign of the times, and an indication that the machines are becoming commonplace. Digital currency vending machines are by no means ubiquitous, however, and there are still plenty of folks who've never laid eyes on one. But, just remember how many there were in November last year, and you'll see how far we've come. New terminology. There has even been a move away from the term 'ATM' as of....
American Green, a leader in the new legal weed industry, has deployed the world’s first marijuana vending machine. Vending machines dispensing marijuana related products first made their debut last year and have been limited to selling cannabis-infused foods or edibles. But this bud vending machine, like of all American Green’s previous machines, accepts bitcoin. “[Consumers] can legally purchase the goods and must pay in cash or bitcoin since the federal government doesn’t allow debit or credit cards to be used in the sale of marijuana,” said Greg Patrick, a spokesman for American Green.....