Major Franchise Installs 11 Bitcoin ATMs in Cafes Across Canada

admin Banking, Bitcoin ATMs, Bitcoin Debit Cards, Bitcoin Services, Featured, How I Use Bitcoin, Technology, Wallets, World Technology 0 Comments

Prominent Bitcoin ATM operator BitNational, has installed its signature two-way Bitcoin ATMs in the headquarters and branches of Waves Coffee House, a major franchise founded in 2005. The corporation operates 38 cafes across British Columbia and Alberta, and was selected by over 1,500 coffee retailers as the “best of brands” in Canada. As Bitcoin progresses towards mainstream adoption, major corporations and established institutions are attempting to familiarize its employees and customers with the leading global digital currency. Drew Glover, co-founder at BitNational stated: “The latest in a string of corporations now acknowledging the fledgling digital currency Bitcoin, Waves Coffee House, has installed a Bitcoin ATM in their corporate headquarters in New Westminster, BC.” As demonstrated in BitNational’s Bitcoin ATM locator map, 10 branches of Waves Coffee House, or what the company likes to call “Waves,” currently have Bitcoin ATMs installed. The 11th Bitcoin ATM is installed in the headquarters of Waves Coffee House, for the benefit of its employees. The presence of Bitcoin ATMs in the branches of Waves Coffee Shop, which is recognized by the Brand Coaches as the “Hottest Brand in Canada,” is favorable for the Canadian Bitcoin market and for the exposure of the digital currency across …

Stupidity or Greed? Why Steal Bitcoin ATM?

admin Bitcoin ATMs, bitcoin scams, CoinGreed, Opinion 0 Comments

On November 3, two robbers stole a Lamassu Bitcoin ATM at the Village Smoke Shop in Atlanta, Georgia, according to local news website Clatl.com. According to Atlanta’s Police Detective Scott Bowers, the thieves got away with Bitcoin ATM (also called BTM) filled with about US$2,000 as it was recently emptied. What’s more is that one of the perpetrators fired a gun shot, though luckily no one was injured. It seems that the thieves wanted to get their hands on this machine in particular. Amanda McCollum, an employee in Midtown’s Village Smoke Shop, witnessed the crime. She saw that the suspects “walked in, went straight to [the Bitcoin ATM], took it and only it, and walked out.” However, stealing a Bitcoin ATM is not a good idea. While a Lamassu Bitcoin ATM itself is valued at US$7,000, the criminals would not be able to re-sell it because it is registered to the buyer with serial numbers linking them to the original owners. Moreover, no one except the owner will be able to get any bitcoins from the machines while most BTMs don’t hold a lot of cash inside as a rule. Nevertheless, one must be cautious when installing a small BTM …

The Past and Future of Bitcoin [Infographic]

admin Altcoins, Bitcoin, Guides, Infographics, The History Of Bitcoin, The History Of Money, Things To Know 0 Comments

CoinMe, a Seattle-based bitcoin startup, has created this infographic, explaining the past and future of Bitcoin, and also the use of the city’s first-ever Bitcoin ATM – CoinMe’s Kiosk. The Coinme Kiosk is the new solution for Seattle-area residents to buy and sell bitcoins. As the first Bitcoin Kiosk in the Northwest, and the first licensed kiosk in the U.S., Coinme is eager to introduce Bitcoin to the community through regular Meetups and free onsite consultations. The ATM is operated by Coinme but manufactured by Las Vegas-based Robocoin, which also built the world’s first Bitcoin ATM that was installed in Vancouver, Canada last October. The Kiosk is open seven days a week from 11 a.m. to 10 p.m., and it 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. Check the infographic below and tell us in the comments below what do you think about the new CoinMe’s Kiosk.  

Steve Wozniak Joins Kiosk ATM Parent Company

admin Bitcoin, Bitcoin ATMs, Bitcoin Entrepreneur, Bitcoin Services, Bitcoin Startups, Investors 0 Comments

  The Planet Capital financial services company has announced that Steve Wozniak, famous co-founder of Apple, will join their roster of employees as a consultant and part of their Board of Directors. Planet Capital are the manufacturers of the “Kiosk” ATMS that include crypto currency exchange functionality. The announcement was made on April 30 through a barebons press release on their website, which simply mentioned him on the title “Apple Co-founder, Steve Wozniak joins Planet Capital Board”, but didn’t elaborate on the particular and simply read: Planet Capital, FinTech innovator and developer of multi-function Next Gen ATM Kiosks, announced its launch into the burgeoning self service payments space this week. Chairman, Lee Caplin is Co-Founder of Penske Media, owner of Variety Magazine and the entrepreneur responsible for creating the first military grade encryption for civilian telephones. Planet’s CTO, Dan Sokol, along with Caplin made a joint statement, saying that “Planet’s strategy is to deploy kiosks free of charge, removing the ‘pay wall’ and common financial barriers for many merchants desiring to install service-ready, multi-function ATM’s to meet their clients growing financial, digital and virtual needs within this fast-moving economy.” Caplin referred to Planet’s strategic team, saying that “My brain trust consists …

ROBOCOIN ROLLS OUT ROMIT GLOBAL BITCOIN REMITTANCE SERVICE

admin Bitcoin, Bitcoin ATMs, Technology, Wallets 0 Comments

Robocoin, a pioneer in bitcoinATMs, has announced the rollout of Romit, which it bills as the cheapest and fastest money-transfer service in the world. The new cash remittance application leverages the bitcoin block chain. Any web-enabled kiosk, ATM or cashier can offer Romit KYC (know your customer)-compliant money transfer services. The service can send money to a smartphone, tablet or PC. By using the bitcoin block chain, the Romit remittance solution circumvents Forex foreign exchange fees, wire transfer fees, and banking requirements. The service could extend Robocoin’s role in the emerging global remittance market. Send money in three easy steps The Robocoin website explains how to send money using Romit in three steps: 1) Enter the recipient’s phone number. 2) Select the destination country. 3) Insert cash into an ATM, or hand the cash to the cashier. Romit then sends a confirmation text message to the recipient with the amount sent and the pickup location. The cash-to-bitcoin-to-cash settlement occurs immediately. Customers do not have to create bitcoin wallets to send money. The Robocoin bitcoin wallet name has changed to Romit. The website presents a cost comparison between Romit, Western Union and Moneygram for sending money from the U.S. to the …

How Can I Buy Bitcoins?

admin Bitcoin ATMs, Exchanges, Mining 0 Comments

Last updated: 23rd December 2014 Now you’ve realized bitcoin is the money of the future, the next step is to get some bitcoins. But how? This guide will tell you what you need to know. You can buy bitcoins from either exchanges, or directly from other people selling them. You can pay for them in a variety of ways, ranging from hard cash to credit/debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live. Surprisingly, it’s still not easy to buy bitcoins with your credit card or PayPal. This is because such transactions can easily be reversed with a phone call to the card company (ie: ‘chargebacks’, one of the problems bitcoin is here to solve). Since it’s hard to prove any goods changed hands in a transfer of bitcoins, exchanges avoid this payment method and so do most private sellers. However, the options have recently grown for consumers in some countries. In the US, Coinbase, Circle, Trucoin and coin.mx all now offer purchases with cards. Bittylicious and CoinCorner also offer this service in the UK, accepting 3D Secure-enabled cards on the Visa and MasterCard networks. For small amounts of bitcoin, you can use a card to buy $20-worth at …