Diamond Circle Suspends Operations Amid Cash Crisis
Australian bitcoin hardware manufacturer Diamond Circle has suspended operations citing a lack of capital. The company, which launched Australia's first cashless ATM last year, is currently seeking a buyer for its wallet service, cloud hosted platform, NFC card technology, ATM network, hardware, bitcoin point-of-sale solution, data, trademarks and trade secrets, as well as the source code for all its platform components. Speaking to CoinDesk, Stephen Rowlison, CEO at Diamond Circle, said that the decision had been taken based on a
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Bitcoin's first cashless ATM has just gone live in Queensland, Australia. The ATM kiosk was installed at the Bluff Café, which is located in Burleigh Heights. The ATM has been a long time in coming since Diamond Circle announced its development in March this year, but it is now and finally here. The Diamond Circle ATM works together with its bitcoin debit cards. They cannot be used with any other ATM. In March this year, CCN carried the story about Diamond Circle having developed the first cashless Bitcoin ATM. In explaining how the Bitcoin ATM would work, the company's Chief Technology....
I've just caught this one from other bitcoin news websites. Diamond Circle announced yesterday the launch of world's first cashless bitcoin ATM, which is installed at the Bluff Café in Burleigh Heads (in Queensland, Australia). In order to make use of the ATM, one must first open an account, which will dispense a bitcoin debit card for $5.00. At the same time, customers using the ATM are able to purchase bitcoins using their credit card, which eliminates the need for carrying around cash. Customers are also able to "top up" and review their balances in a speedy five seconds. If you're....
With the coming of the Bitcoin Foundation's Bitcoin 2014 conference this week, there are sure to be a slew of announcements and product launches. One such company planning to make a splash is Australia-based Diamond Circle, who's reportedly planning to launch a bitcoin debit card solution at the annual conference, taking place from May 15-17 in Amsterdam. But unlike other recent offerings we've heard about, the use of the card will be limited to the company's own ATM devices. Of interest: the card can hold up to nine fiat currencies along with bitcoin, will be issued by Diamond Circle ATM....
An Australian company says it has produced one of bitcoin's holy grails: a cashless ATM that allows users to buy bitcoins using a credit card, and sell bitcoins via a direct deposit to their bank account. The first fully functional Diamond Circle ATM arrived from its manufacturer in Brisbane this week. Unlike competing ATMs and vending machines that rely on QR codes and cash, Diamond Circle's solution is based on near-field communication (NFC) technology with paper receipt backups. This unique approach is the brainchild of CEO Stephen Rowlison, a seasoned FinTech (financial technology)....
Bitcoin ATM maker Diamond Circle has announced it will launch a bitcoin debit card this week at the Bitcoin 2014 Conference in Amsterdam, in conjunction with its UK distributor Swiftbitz. Diamond Circle claims the card will only work with its own two-way, cashless bitcoin ATM, its forthcoming merchant point-of-sale (POS) solution and via its online exchange. This is a contrast to other bitcoin debit cards tied to established card payment networks like UnionPay, which can be accepted in a majority of outlets without the merchant possessing any bitcoin-specific technology. The debit cards....