First Bitcoin ATM exceeds USD 1 mln in transaction volume

Thursday 28 November 2013 10:12 CET | News

Robocoin’s Bitcoin ATM has exceeded USD 1,000,000 CAD in volume from 1,576 transactions in one month.

The ATM scans a user’s palm and allows him to exchange cash for Bitcoin, or do the reverse. Customers can make up to USD 3,000 worth of Bitcoin exchanges per day.

Bitcoin is a descentralised digital currency and payment network. The currency is controlled by cryptography rather than by any corporation or central bank. Created as an open-source software project, Bitcoin enables users to transfer funds instantly to any other Bitcoin account holder in the world.

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Keywords: Bitcoin, ATM, payments , US
Categories: Payments & Commerce
Countries: World
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