The Canadian Press

2013-10-29 | Bitcoin-ATM

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The world's first Bitcoin ATM went into operation in a Vancouver coffee shop, allowing customers to exchange cash for the decentralized online currency. The kiosk is from Las Vegas-based company RoboCoin, and CEO Jordan Kelley said the machine was a much more convenient alternative to other forms of banking. Customers using the ATM needed to scan their palm or a code from their smart phone, choose a transaction, and the Bitcoins would be transferred to their digital wallet accessible by an app.

Date: 2013-10-29
Placeline: Vancouver, BC, Canada
Source: The Canadian Press
Length: 8 seconds

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Clip ID: 20131029CPCN002