First Bitcoin ATMs open in Singapore, Hong Kong

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robocoinEven though the recent bankruptcy filing of Japanese Bitcoin exchange Mt. Gox has shaken the Bitcoin community, there seems to be still enough confidence in the cryptocurrency.

The bankruptcy filing didn’t bother Hungary native Andras Kristof, chief technical officer of Singapore-based Tembusu Terminals, who on February  27 unveiled a custom-built Bitcoin vending machine inside a small bar called The Spiffy Dapper, located in central Singapore’s Boat Quay district. It allows users to insert Singapore dollars and receive, in return, a piece of paper with a private code to be used with a Bitcoin wallet.

Hong Kong-based Bitcoin platform ANXBTC on February 28 launched a shop in a commercial building in the Sai Wan area. Customers can provide US or Hong Kong dollars to an employee, who makes a transaction on a laptop.

Hong Kong-based Bitcoin exchange HKCEx (Hong Kong Crypto Exchange) says it plans to set up a series of Bitcoin ATMs at some of the largest shopping and financial centers in the city. The company’s recent $2 million funding from local investors will go toward the first 10 ATMs. Users can buy and sell Bitcoin, Litecoin, Namecoin, Novacoin, and Peercoin using either Hong Kong or US dollars. All transactions go through the startup’s exchange, which also sets the exchange rates.

Meanwhile, Bitcoin ATMs have also been set up in the US and Canada. A company called Lamassu has the lead, with their ATMS already up and running in New Mexico and Massachusetts. Next in their sights: New York. Lamassu has announced that it sold 120 machines and has plans to ship to 25 countries in 2014. So far Saudi Arabia and Singapore are the only two countries to order the ATMs from Lamassu, which stated that their user interface has been translated into more than a dozen languages

Other Bitcoin ATMs have been popping up in Texas and Seattle. Bitcoin Center, a stone’s throw from the New York Stock Exchange, has said it is incubating a start-up called Cash2BTC to develop a Bitcoin ATM for the masses. In Canada, there are now some ATMs in Winnipeg and Edmonton. In Europa, Cyprus recently installed its first Bitcoin ATM.

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Reading Time: 2 minutes

Even though the recent bankruptcy filing of Japanese Bitcoin exchange Mt. Gox has shaken the Bitcoin community, there seems to be still enough confidence in the cryptocurrency.

Reading Time: 2 minutes

robocoinEven though the recent bankruptcy filing of Japanese Bitcoin exchange Mt. Gox has shaken the Bitcoin community, there seems to be still enough confidence in the cryptocurrency.

The bankruptcy filing didn’t bother Hungary native Andras Kristof, chief technical officer of Singapore-based Tembusu Terminals, who on February  27 unveiled a custom-built Bitcoin vending machine inside a small bar called The Spiffy Dapper, located in central Singapore’s Boat Quay district. It allows users to insert Singapore dollars and receive, in return, a piece of paper with a private code to be used with a Bitcoin wallet.

Hong Kong-based Bitcoin platform ANXBTC on February 28 launched a shop in a commercial building in the Sai Wan area. Customers can provide US or Hong Kong dollars to an employee, who makes a transaction on a laptop.

Hong Kong-based Bitcoin exchange HKCEx (Hong Kong Crypto Exchange) says it plans to set up a series of Bitcoin ATMs at some of the largest shopping and financial centers in the city. The company’s recent $2 million funding from local investors will go toward the first 10 ATMs. Users can buy and sell Bitcoin, Litecoin, Namecoin, Novacoin, and Peercoin using either Hong Kong or US dollars. All transactions go through the startup’s exchange, which also sets the exchange rates.

Meanwhile, Bitcoin ATMs have also been set up in the US and Canada. A company called Lamassu has the lead, with their ATMS already up and running in New Mexico and Massachusetts. Next in their sights: New York. Lamassu has announced that it sold 120 machines and has plans to ship to 25 countries in 2014. So far Saudi Arabia and Singapore are the only two countries to order the ATMs from Lamassu, which stated that their user interface has been translated into more than a dozen languages

Other Bitcoin ATMs have been popping up in Texas and Seattle. Bitcoin Center, a stone’s throw from the New York Stock Exchange, has said it is incubating a start-up called Cash2BTC to develop a Bitcoin ATM for the masses. In Canada, there are now some ATMs in Winnipeg and Edmonton. In Europa, Cyprus recently installed its first Bitcoin ATM.

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