Lamassu Plans Added Cost for Bitcoin ATM Operators
Lamassu has announced it will begin charging monthly subscription fees to pay for tech support and software upgrades. While the service is not mandatory, Lamassu said that it will no longer offer free support to customers after the start date. The actual fees required depend on the number of machines owned by an operator. For those who own between one and four machines, the monthly cost will be $100 per unit while charges for those who own between five and nine machines will be $90 per unit. Operators who run more than 10 ATMs will pay $80 per unit. In interview, Lamassu CEO and co-founder....
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Lamassu. It's a well-recognized name in the bitcoin industry. Many would say the company has revolutionized the in-person acquisition of bitcoin via a streamlined thirty-second process, and the company is taking one step forward with the introduction of a modular two-bitcoin bitcoin ATM system. Dubbed the Santo Tirso floor stand, it comes as an optional compliment to the traditional Lamassu devices we're quite used to seeing. Built into the stand is a bill dispenser that will effectively allow current Lamassu devices in operation to exchange cash for bitcoin - making them much more than a....
Freshly announced: Fraud prevention company IdentityMind Global has partnered up with Lamassu Bitcoin Ventures in order to integrate IdentityMind's compliance platform into Lamassu bitcoin ATMs scattered around the world. According to IdentityMind, "The integration includes built-in Know Your Customer (KYC), transaction monitoring, Sanctions Screening, automated SAR filing and Anti-Fraud services, providing ATM operators with the key compliance abilities needed to legally operate their machines worldwide." As the popularity of bitcoin continues to rise, operators of bitcoin ATMs are....
New Hampsire-based Lamassu - the manufacturer of one of the leading bitcoin ATMs available today - has announced the release of something they are calling Rakía, a brand-spanking-new open source back-end system that will redefine how the company's network of ATMs in use around the world are utilized by customers. Operators of the Lamassu devices - which presently allow consumers to buy butcoin with fiat currency in a matter of seconds - will be independent nodes, and won't have to rely on a centralized service. According to Lamassu, these operators will have complete control over setting....
Bitcoin Automated Vending Machine (AVM) operator QwikBit announced on Friday news that they have signed a deal with Lamassu, which will make the company one of the largest operators of Lamassu bitcoin vending machines in the United Kingdom. Lamassu bitcoin vending machines are the most popular offerings amongst operators, with over 230 units in operation globally. Users of the machines can insert as little as £5 and receive bitcoin to a specified address in as little as thirty seconds. QwikBit, headquartered on the Isle of Man, says they are planning to roll out their network of AVMs....
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....