World’s First Bitcoin ATM Set to Go Live Tuesday

“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/

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