Bitcoin ATM on its way to Britain <div dir="ltr" style="text-align: left;" trbidi="on"> <header> <img alt="Bitcoin ATM" class="attachment-slider size-slider wp-post-image" height="245" src="http://banmeauto.com/wp-content/uploads/2014/02/Bitcoin-ATM-520x245.jpg" title="" width="520" /> </header> <br /> <div class="post-single-content box mark-links"> 20 Feb 2014 / Telegraph – British investors will be able to buy and sell bitcoins from a cash machine under plans announced by an American company.<br /> <div> The machine will be installed somewhere in London, although the company behind it, Las Vegas based Robocoin, could not say exactly when it would become operational.<br /> </div> <div> The ATM will allow people to deposit cash to buy bitcoins, or sell bitcoins for cash, by transferring funds to or from a “virtual wallet” on a smartphone, which the user holds up to a scanner on the machine.<br /> <br /> <div id="single" style="width: 336px;"> </div> <br /> </div> <div> The bitcoin dispensers will also scan government-issued identification such as a driver’s licence or a passport to confirm users’ identities.<br /> </div> <div> A spokesman for Robocoin told The Telegraph: “It [the bitcoin ATM for London] has already been purchased and the wheels are in motion.”<br /> The company has already installed two machines in Canada and plans more in the US, Asia and Europe. Another company, General Bytes, installed a bitcoin dispenser in Prague this week. It said hoped to make as many as 500 of the machines a month and install them around the world….. Read more<br /> <a href="http://www.telegraph.co.uk/finance/personalfinance/investing/10651556/Bitcoin-ATM-on-its-way-to-Britain.html" target="_blank"><em>Telegraph.co.uk</em></a></div> </div> </div> Bitcoin ATM on its way to Britain 20 Feb 2014 / Telegraph – British investors will be able to buy and sell bitcoins f... Read more »
