Monday, August 19, 2013

Need Bitcoins? This ATM takes dollars and funds your account

Two entrepreneurs from New Hampshire are working on a bitcoin ATM.

Zach Harvey has an ambitious plan to accelerate adoption of the Internet's favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs that will let you buy Bitcoins anonymously.
It's the opposite of a traditional automated teller that dispenses currency. Instead, these Bitcoin ATMs will accept dollar bills -- using the same validation mechanism as vending machines -- and instantly convert the amount to Bitcoins and deposit the result in your account. 

Don't forget to check out ATMs for Amateurs by Josef Toth

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