24 Jan '14, 3pm

World's first bitcoin ATM processed $1 million in transactions in December

Brokers have plans to install bitcoin ATMs in Canada, the U.S., South America and Asia. (Special) Bitcoin may be a mystery to most consumers, but the virtual currency with no government backing is starting to look … conventional. The world’s first bitcoin ATM processed more than $1 million last month, bitcoin broker Jackson Warren told The Washington Post . Customers approach the machine in a Vancouver, Canada coffee shop the way the apes approached that monolith in “2001: A Space Odyssey,” the Post’s Dan Zak writes. “Though drab and utilitarian, the machine projects an aura of the future, or maybe of suspicion, depending on one’s comfort with technology,” Zak writes. Warren and his partners have plans to install more bitcoin ATMs in Canada, Hong Kong and Brazil this month, and another broker has plans to put ATMs in New York. The machines accept conventional currency and ...

Full article: http://blog.al.com/wire/2014/01/worlds_first_bitcoin_atm_...

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