
“To buy bitcoins with the Robocoin ATM, you need to do a palm scan and then stuff the machine with as much as 3,000 Canadian dollars per day (roughly US$2,900). The machine then makes a trade on Canada’s VirtEx exchange and moves them into your online bitcoin wallet. The palm scan is to prevent people from doing more than $3,000 worth of transactions, as that would run afoul of Canada’s anti-money-laundering laws, says Mitchell Demeter, one of the Robocoin’s new owners. Demeter is co-founder of a Vancouver bitcoin trading company called Bitcoiniacs. He and two high school friends from Sechelt, British Columbia, set up shop in central Vancouver a few months ago.”
http://www.wired.com/wiredenterprise/2013/10/worlds-first-bitcoin-atm/
Related posts:
Dutch bank ABN has no gold left for its clients
James Corbett, 9/11: A Conspiracy Theory [2011]
A Rare – and Encouraging – Glimpse at How a Free Market Could Work in the Health Sector
Exactly Like 7 Years Ago? 2014 Is Turning Out Eerily Similar To 2007
Dream Chaser flight a 'success' despite gear failure
These Startups Are Betting Everything on Bitcoin
Obama Supporters Actually Hate Obama's Policies
Switzerland’s ‘Crypto Valley’ Set To Test Blockchain Voting
SpyFiles 3: A growing surveillance industry amidst government inaction
American Entrepreneurship: Dead or Alive?
Mitt Romney's Foreign Policy Adviser: PEU & Biden Partner
Dept. of Transportation wants control over phone navigation apps
"We're Really Not Apologetic" for two killings, say Texas' Airborne Snipers
Robert Wenzel Discuses Bitcoin with Trace Mayer
Customs And Border Protection Clarifies: You Have No Rights While Traveling