Robocoin CEO Jordan Kelley shared with his attitude to new ATM launching: "It'due south been a crazy day. I can't fifty-fifty tell you how incredible information technology is. There's a line in forepart of the auto right now."

During the beginning day kiosk saw 81 bitcoin transactions, which is about $10000. Over one 3rd of customers were newcomers. ATM is 1 of the fastest coin transfers today. In an interview Kelley said "Our customers can walk upwards to a machine and purchase and sell bitcoins for cash. You tin literally walk up to the machine, scan your hand, and get started with bitcoin." If a customer wants to exchange cash into bitcoins or withdraw bitcoins from electronic wallet he must put his palm over the sensor and then the Robocoin kiosk scanner could verify customers' bitcoin activity. Though palm scanner identifies the ATM user, it remains an anonymous method to transact.

According to Canadian federal and land laws customers have the daily transaction limit, which is $three,000. So "you can't just put in or take out million dollars," said Kelley. Robocoin is going to install more than ATM over the world. For now the government of Canada has taken a look-and-see approach on any sort of regulatory measures on bitcoin which made this country a perfect place for a firsts bitcoin ATM.

Kelley mentioned that Robocoin focus is working paw in manus with governments: "In Canada, bitcoin is more of a commodity. The government's thinking is: Let's get a expert understanding of what's going on earlier making any decisions."

Prototype source heavy.com