09 Jan '14, 9pm

The first Bitcoin ATM is still chugging, but will it go mainstream?

The first Bitcoin ATM is still chugging, but will it go mainstream?

When the world’s first Bitcoin ATM went live in a Vancouver coffee shop last fall, it created a global media buzz and racked up over $100,000 of transactions in eight days. Still, I thought, what a dumb idea. While intrigued by Bitcoin, I didn’t see the point of putting an ATM in a place like Canada, which has a stable banking system and where you can easily obtain the crypto-currency by other, cheaper means. In a few months, I predicted , the bitcoin ATM would end up forgotten in a corner of the coffee shop like a cobweb-covered Frogger game. But I also resolved to go see firsthand how the ATM was doing once the initial hype had died down. In late December, that’s what I did. The Bitcoin ATM, 3 months later At 7:30 on a dark and dreary Friday morning, I installed myself at Waves, a nondescript coffee shop in Vancouver’s business district where the bitcoin ATM has sat sinc...

Full article: http://gigaom.com/2014/01/09/the-first-bitcoin-atm-is-sti...

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