In Vancouver, B.C., three entrepreneurs opened what appears to be the world’s first ATM that is able to exchange Bitcoins for official currencies. The machine looks like a normal ATM and resides in a popular coffee shop. It exchanges Canadian dollars for Bitcoins, the virtual and controversial online currency. The transactions can go either way — cash to Bitcoin, or Bitcoin to cash. More than a dozen local businesses in Vancouver accept Bitcoins.
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Canadian ATM Turns Bitcoins Into Cash
Posted by: David Vranicar October 30, 2013 09:52 AMIn Vancouver, B.C., three entrepreneurs opened what appears to be the world’s first ATM that is able to exchange Bitcoins for official currencies. The machine looks like a normal ATM and resides in a popular coffee shop. It exchanges Canadian dollars for Bitcoins, the virtual and controversial online currency. The transactions can go either way — cash to Bitcoin, or Bitcoin to cash. More than a dozen local businesses in Vancouver accept Bitcoins.