World’s First Bitcoin ATM Goes Live

World’s First Bitcoin ATM Goes Live

It was just earlier this year that the first Bitcoin ATM was created, as described in the video below:



It didn’t take long for the concept of a Bitcoin ATM to proceed from design idea to creation to implementation. MSN News of Canada is reporting that the, “World’s first Bitcoin ATM goes live in Vancouver next week.

From the story:

“What’s believed to be the first Bitcoin ATM in the world will go live next week in Vancouver, operated by Nevada-based Robocoin and Vancouver’s Bitcoiniacs.

Mitchell Demeter, co-founder of Vancouver bitcoin trading company Bitcoiniacs and part-owner of Robocoin, has invested in five such machines to be placed across Canada.

Bitcoins are an emerging digital currency that isn’t controlled by any authority such as a central bank. It’s an idea that is moving into the mainstream, despite the scandal surrounding Silk Road, an anonymous online marketplace for illegal drugs and other illicit goods that used Bitcoins.”

This is just one more sign that – as the story says – Bitcoin “is moving into the mainstream.” How long will it be before Walmart begins to accept Bitcoin?

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