Robocoin Faces Lawsuit Over Bitcoin ATM Refund
Bitcoin Solutions president Adam O'Brien has indicated he has not yet filed a lawsuit against Robocoin. O'Brien told CoinDesk he is awaiting a refund that will determine whether he conducts any further action. Embattled bitcoin ATM maker Robocoin is facing yet another upset, this time in the form of a looming customer lawsuit. Bitcoin Solutions, a Canadian outfit operating three bitcoin ATMs across Alberta and Saskatchewan, announced its intention to sue Robocoin in a Reddit post Thursday evening. President Adam O'Brien is seeking to get back part of the $25,000 he paid for an kiosk in....
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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....
In December Andrew Wilkinson, founder of MetaLab, and his friend Rajiv, founder of Sparklit, started getting excited about BitCoin. They both have full-time jobs running their companies, but they think Bitcoin is super cool, so when they heard about the Robocoin Bitcoin ATM they bought one for their hometown, Victoria, Canada. They figured it would be a fun little side project and a good way to help move Bitcoin forward. 10 months and $25,000 later, they think were we wrong. Also read: Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. In December they wired Robocoin $20,000 for....
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....
Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. Recently I was contacted by a disappointed Robocoin ATM user. His experience with the ATM was not good: He felt the fee's were too high. I and others had voiced concerns over security and ease of use as well. In response, Sam Glaser of Robocoin contacted me after reading my article and has answered some questions for me. He let me know his concern about the misconceptions surrounding how and why the Robocoin ATM needs the info and security measures it does. Sam addresses the fee structure as well. With Robocoin ATMs being....
The U.S. Securities and Exchange Commission (SEC) has taken action against another startup in the crypto space for selling unregistered securities. Tierion, which raised $25 million in a token sale, has agreed to “return money to investors” and disable the trading of its token. SEC Brings Charges Against Tierion Over Its Crypto Offering Texas-based blockchain company Tierion Inc. has settled charges with the SEC for conducting an unregistered security offering when it sold the TNT token. The settlement followed the SEC’s order instituting cease-and-desist proceedings....