Seattle Will Be First US City to Get Bitcoin ATM Reuters
There are only a handful of cities in the world to have such machines
Seattle will become the first city in the United States to introduce cash machines for Bitcoin users. Canada has already installed Bitcoin ATMs, while London and Singapore are looking to take the same steps in the coming months.Robocoin, a Las Vegas-based company, will be installing the first machines in Seattle later this month. The ATMs will come with scanners that recognize IDs, such as passports and driver’s licenses, Reuters reports.
Users of the digital currency will be able to exchange Bitcoins for cash, but also to deposit cash or purchase more Bitcoins.
Robocoin hopes to bring the same technology to Austin, Texas later this year.
As mentioned, other cities across the world could soon receive such ATMs, although the machines come from multiple Bitcoin exchanges, such as Canadian-based Bitcoiniacs or Robocoin.
Currently, the Bitcoin value is quite low and people are unlikely to crowd in front of such an ATM, but it’s mostly due to the technical issues suffered by Mt. Gox, where withdrawals have been blocked for over a week.
However, the cryptocurrency reached a maximum value of $1,200 just a few months ago.