01 Jul '13, 10am

Bitcoin ATM to be demonstrated at Bitcoin London

Bitcoin ATM to be demonstrated at Bitcoin London

At tomorrow’s Bitcoin London event, a bitcoin ATM will be shown for the first time in a European venue. The machine is produced by Lamassu , who has reprogrammed its machine to accept sterling (GBP). It’s said that the bitcoin machine should enter full production by the third quarter of 2013. It is hoped that the Bitcoin Machine will become a global solution for converting fiat currencies into bitcoin. As shown in the video below, the process is intended to be far simpler than turning to online bitcoin exchanges, such as Mt. Gox. A customer brings up a QR code representing their bitcoin wallet (e.g. using the Blockchain app ), enters their fiat note/bill, and then taps on the screen to confirm the transaction. The video below shows this process being demonstrated, by Lamassu’s Zach Harvey, at the Bitcoin Foundation’s Bitcoin 2013 conference in San Jose in May. According to...

Full article: http://www.coindesk.com/bitcoin-atm-to-be-demonstrated-at...

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