World’s first Bitcoin ATM sees 81 exchanges, $10,000 in transactions during first day

Robocoin renderingHistory was made in Bitcoin world on Tuesday when the world’s first Bitcoin ATM opened in Vancouver, B.C.

At the Waves Coffee House in downtown Vancouver, 81 people made Bitcoin transactions that totaled $10,000. About one-third of those 81 were first-time Bitcoin users.

Operated by Las Vegas-based Robocoin and Vancouver-based Bitcoiniacs, the ATM scans your palm and allows you to exchange cash for Bitcoin, or do the reverse. Customers can make up to $3,000 worth of Bitcoin exchanges per day.

If you aren’t familiar with Bitcoin, it’s the emerging decentralized, digital currency gaining popularity and making mainstream news headlines lately in light of the FBI shutting down Silk Road.

We recently wrote about a Seattle grilled cheese foodtruck that is now accepting Bitcoin. While there’s no question that some people and businesses love the freedom, openness and low rates of the digital option, it’s unclear at this point how or if government institutions will try to regulate the system.

This video shows how you can buy, sell and redeem Bitcoin with the ATM:

  • Paul_Owen

    Lame video. RoboCoin must have paid for it in Bitcoins.

    • http://vladizorov.info/ Vladislav Zorov

      Because Bitcoins are super expensive? I don’t get it…

    • Nick Reil

      that sense none make

      • bossyman15

        that not sense grammar

        • Nick Reil

          No shit! Are you that clueless?

  • Carla Matos

    From now on I’ll wear this to the bank

    http://bit.ly/1dNmJrS

  • http://blackhatpwnage.com/ igl00

    cool you can get free btcs from faucets like http://betcoin.pw and others.

  • Callum Steve

    Great news for Canadians! Here in the UK we had great troubles transacting in bitcoins, primarily due to government regulation, until startups like http://cheapbitcoins.co.uk brought together all the major/minor players for the UK market. Keep up the good work, would love to see this machine in the UK!

  • SILENTSAM69

    I got my first bitcoin there last night. Good times.