Tuesday, February 18, 2014

Austin To Get First Bitcoin ATM

Want to exchange your hard earned dollars for Bitcoin? Locals in Austin will be among the first who will be able to do that, thanks to a new Bitcoin ATM soon to be installed in town. According to company Robocoin, Austin will get one of the first, automated teller machines in the United States to dispense Bitcoin, as the company expands into the American market. Robocoin's kiosks let users buy and sell Bitcoin via a touchscreen interface. Robocoin did not say when or where it plans to install its ATMs. Robocoin is based in Las Vegas. Austin is not a stranger to Bitcoin; Bitcoin mining startup Cointerra is based in Austin, and angel group BitAngels also has heavy Austin involvement.