10 Jun '13, 11am

Will Regulations Halt RoboCoin's Bitcoin ATM? - #bitcoin

Over the past six months, virtual currency has been virtually unstoppable. At the forefront of this movement has been bitcoin, a math-based currency that now has its own annual conference, network of angel investors and competitors looking to take the concept to the next level . However, there are a few key differences remaining between bitcoins and traditional currency: most notably that there isn't yet an easy way for users to redeem or access bitcoins from a physical location. That's where Mark and John Russell, the brother duo behind new payments player RoboCoin, come in. Billing their product as the first bitcoin ATM or vending machine, the brothers' company manufactures kiosks that allow consumers to access the currency for transactions. From humble origins as Las Vegas-based, call-for-hire bitcoin dealers, the duo has now formed a company that offers working bitcoin...

Full article: http://www.pymnts.com/briefing-room/issuers/virtual-curre...

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