26 Feb '13, 7pm

ATM Makes Bitcoin Even Easier to Access

ATM Makes Bitcoin Even Easier to Access

Zack Harvey from New Hampshire has graced the world with its very first Bitcoin ATM . Bitcoin is the worlds first decentralized virtual currency. This currency has only been around for four years and has already gained a following among critics of central banking. Credit: Adam Crowe/ Foter WordPress and Reddit accept Bitcoin to access their premium services. The Free State Project also accepts bitcoin payments for its summer programs. Retailers on the arts-and-crafts shopping site Etsy can also choose to accept Bitcoin. An ATM for a virtual currency might seem to be at odds, except for the fact that the ATM isn’t your typical machine. CNET describes the process: To obtain Bitcoins, people use an iPhone app like Blockchain or Android 's BitcoinSpinner to show the ATM a QR [Quick Response] code with their desired address for payments. After they insert a dollar bill (denomin...

Full article: http://reason.com/blog/2013/02/26/atm-makes-bitcoin-even-...

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