Join the Nation s Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Bitcoin ATMs come to USA Rick Jervis, USA TODAY Published 10:11 p. The ATM is at the Handlebar, a hipster hangout on East Fifth Street in Austin. Reza Piri, an Austin web developer and entrepreneur, met with Kelley last month while on his bachelor party in Las Vegas. VPC Adam Soltys, co-founder of a bitcoin co-operative in Vancouver, Canada, swaps Canadian currency for bitcoins using the world s first ATM able to exchange bitcoins bitcoin austin atm. All you need is your phone, your ID, your palm and your face â all the things people carry with them on a daily basis, he said. But financial experts say the technology isn t for everyone bitcoin austin atm. The machine will also perform a one-time face recognition scan to verify identity. But the popularity of the virtual currency continues to climb, trading at more than $600 per Bitcoin, according to Bitcoin websites. CLOSE Bitcoin, a form of currency not regulated by the Federal Reserve, is growing in popularity. 20, 2014 CLOSE Bitcoin -- the virtual currency that has ignited the imagination of techies, investigators and investors -- has landed in Austin, Texas. Bitcoin today is at the level where the Internet was in 1994 or 1995, with 20 years of application in its future, he said. The machine will scan a user s palm print and government-issued ID to verify identity, then allow the user to add money to a virtual Bitcoin wallet or withdraw the currency to a mobile phone app, Kelley said.
Austin, known for its vibrant tech community as well as scores of music clubs, was a natural spot to launch one of the first U. Post to Facebook Bitcoin ATMs come to USA Bitcoin -- the virtual currency that has ignited the imagination of techies, investors and investigators -- has come to Texas. The Austin ATMs are being rolled out in time for SXSW, the three-week interactive/film/music conference that begins March 7. The ATM is installed at the Waves coffee shop in downtown Vancouver. And last week hackers forced the shutdown of Bitcoin s largest exchange service, Bitstamp, for several days. Bitcoin, which could be used to buy anything from a steak dinner to sporting event tickets, has had its share of controversy. Facebook Bitcoin ATMs come to USA Bitcoin -- the virtual currency that has ignited the imagination of techies, investors and investigators -- has come to Texas. Started by programmers whose identity remains anonymous, the unregulated cyber currency has been gaining popularity in the USA and accepted as payment at scores of businesses. VPC Federal agents charged a Bitcoin dealer last month with money laundering for allegedly selling more than $1 million worth of the cyber currency to people on a black market website that deals iin drugs and illicit goods. We re really excited about the community and culture Austin has, he said. Use of Bitcoin s will only continue to surge, said Antonis Polemitis, manager partner of Ledra Capital LLC, a New York venture capital firm investing in Bitcoin-based companies. After a morning meeting, he was buying two of the $25,000 machines and bringing them back to Austin.
The Austin ATM would be the first of its kind in the USA to dispense cash. Other Bitcoin machines have sprouted in Boston and Albuquerque, but those offer only Bitcoins for cash -- not cash for Bitcoins. We want to make (Bitcoin) mainstream and bring it to the people.BitcoinDark.. It really allows people to interact with each other to exchange value â whether it s currency or other types of assets â without a central party in the middle, Polemitis said. The first Bitcoin ATM was set up at a Vancouver coffeehouse last year. Bitcoin ATMs, said Jordan Kelley, chief executive of Robocoin, the Las Vegas company that makes the machines. He plans to showcase one at SXSW, when more than 30,000 tech enthusiasts and industry leaders are expected to descend on the city. And it s a fantastically central location. On Thursday, organizers unveiled one of the USA s first Bitcoin ATMs in the back room of a downtown Austin bar. The US startup Robocoin, after unveiling its first ATM in Vancouver, announced plans February 18, 2014 for Bitcoin ATMs in Austin, Texas, and Seattle, Washington, ahead of a wider global launch. .Aion.