Bitcoin ATM Company SatoshiPoint Gains Angel Investors and Plans for Expansion

SatoshiPoint is one of the leading companies in the UK operating Bitcoin ATMs in several locations throughout the country. SatoshiPoint Bitcoin ATMs were designed to offer the best user experience and allow users to easily buy and sell Bitcoin at almost zero or low processing costs. The company recently re-launched under the sole management of Hassan Khoshtaghaza and confirmed the back of two Angel Investors who will be funding the company's expansion plans. Hassan Khoshtaghaza, Managing Director of SatoshiPoint, commented. "I'm really excited to be working with the Angel investors and....

Bitcoin ATM operator SatoshiPoint is now backed by two experienced Angel investors, including Alistair Milne (an investor in several Bitcoin startups and manager of the Altana Digital Currency Fund). The financing will fund the expansion plans of SatoshiPoint and further extend its capabilities, allowing individuals to buy and sell Bitcoin at more locations and digitally online in larger quantities. “These are exciting times for Bitcoin, SatoshiPoint and the UK. I’m really excited to be working with pro-active investors and ecstatic to have closed my first round of funding”.

People who live in Spain will now have a new option to buy bitcoins locally, with ease. A service called Coinay has been launched in 3,000 Spanish stores allowing people to go and spend cash for bitcoins, without all the fuss. In essence, the buyer purchases a voucher and then redeems the voucher for bitcoins. As with any product, consumers will still need a reason to buy it. Consumers buy other vouchers because they have a need of them, such as a Facebook credit voucher or a prepaid debit card. "With Coinay, we can enable customers to buy easily bitcoins in retail locations all over....

SatoshiPoint has announced the launch of three new bitcoin ATMs across the UK this Friday: two in the capital and a third in Bristol, in the west of the country. The startup will own and operate the ATMs, which are two-way Robocoin machines, allowing users to both buy and sell bitcoins for pounds sterling. SatoshiPoint's second-generation ATMs will include a passport scanner, as well as biometric palm reader and driving licence reader, which will not be implemented initially, but seek to 'future proof' the machines for compliance with potential regulatory requirements. The company says it....

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....