---------- Forwarded message ----------
From: Prashanth <
prashan...@gmail.com>
Date: Thu, 31 Oct 2013 08:50:15 +0530
Subject: (VIB) World's first bitcoin ATM opens in Canada
To:
Business Line
PTI
Vancouver, Oct 30:
The world's first publicly accessible ATM machine which can exchange
digital currency - bitcoins
- for any official currency has been launched in Canada by a group of
young entrepreneurs.
The ATM machine, operated by Vancouver-based Bitcoiniacs and
Nevada-based Robocoin, converts
bitcoins to Canadian dollars and vice versa. It opened for business in
a Vancouver coffee shop,
yesterday.
The automated teller machine has already attracted its first
customers, along with dozens of
people who wanted to see how it worked, shortly after it went live.
The coffee house is one of at least 20 businesses here that currently
accept bitcoins, CBC
News reported.
The operators plan to open such automated teller machine at four more
locations across Canada.
Customers will need to have their palms scanned in order to exchange
up to $3,000 worth of
bitcoins per day.
The bitcoins will then be transferred to and from the customer's
online bitcoin wallet. Users
will have the option to receive a paper voucher representing the
transaction, the report said.
Bitcoin, which came into existence in 2009, is not controlled by any
authority such as a central
bank.
The concept was introduced in 2008 by a pseudonymous developer known
only as "Satoshi Nakamoto."
The currency has reportedly gained notoriety for its use to buy
illicit goods such as drugs
on websites.
However, bitcoins are increasingly being accepted by legitimate
businesses around the world.
(This article was published on October 30, 2013)
Printable version | Oct 31, 2013 8:46:32 AM |
http://www.thehindubusinessline.com/industry-and-economy/banking/worlds-first-bitcoin-atm-opens-in-canada/article5288586.ece
© The Hindu Business Line
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