11 Nov '13, 5pm

Bitcoin ATM, located at a coffee shop in Vancouver, traded more than $100,000 in a week

Bitcoin ATM, located at a coffee shop in Vancouver, traded more than $100,000 in a week

Riding the crest of the digital’s currency’s latest record-high value, the first operational Bitcoin ATM is already doing big business. In its first week, the Bitcoin ATM, located at a coffee shop in Vancouver, traded more than $100,000 CDN worth of the cybercurrency, though it's unknown how many unique users took advantage of the new service. Reaching the $100K mark was no doubt aided by the fact that Bitcoin is currently trading at an all time high. On Monday, a single Bitcoin traded for as much a $372 U.S., according to Mt. Gox , the world's leading Bitcoin exchange. It's a tremendous rise for an experimental cryptocurrency that started the year trading for less than $10 and has experienced numerous crises of confidence in recent months. In the past month, the price of Bitcoin has steadily increased from $140 to its present, record value. As the price has gone up, there...

Full article: http://www.dailydot.com/business/bitcoin-atm-vancouver-10...

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$100K traded through Vancouver's Bitcoin ATM in one week

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