Robocoin, a Las Vegas-based company which makes Bitcoin ATMs, announced its plans to open the first automated teller machine (ATM) in the US later this month in Seattle, Washington. The enterprise also announced that it plans to install a second ATM in Austin, Texas. The difference between regular machines and the ones created by Robocoin is that the latter machines are equipped with additional security features like optical and biometric scanners. Moreover, such new ATMs can scan government-issued IDs like driver’s licenses and passports.
The first US Bitcoin ATM is set to open in Seattle later this month and users will be able to swap virtual currency for cash and also deposit money or buy more of the cryptocurrency. Robocoin aimed at installing such ATMs in Hong Kong and Taiwan, but Taiwanese authorities blocked the distribution. Although the machine, which is due to arrive in Seattle, is still subjected to plenty of regulatory ambiguity, they are viewed as kiosks that distribute commodities in the form of Bitcoin.
Robocoin installed its first ATM in Vancouver last fall, but its plans of expansion go further than British Columbia and even reach other continents. Bitcoiniacs, a Canadian Bitcoin exchange company, stated that more ATMs are set to open in Singapore and London in the near future.
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