Robocoin Bitcoin ATM Does $100,000 in Transactions in First 8 Days of Operation
Courtesy: blog.robocoinkiosk.com. We've been talking quite a bit about the Robocoin bitcoin ATM in a downtown Vancouver cafe. In one day, the ATM saw about $10,000 in transactions - that is, people buying and selling bitcoin. Fast-forward a bit over a week later and you get an equally as impressive number. In the first 8 days of operation, the Robocoin ATM has done about $100,000 in buys and sells, according to a Washington Post report. Eighty percent of the transactions on the Robocoin machine were buys, twenty percent were sells (obviously). Waves Coffee, the cafe in which the first....
Related News
Robocoin is headed to Hong Kong and Taiwan. Although the cryptos have enjoyed stellar investment growth, the frontier of bridging the real world economy with the virtual economy has been cumbersome. Many online brokers and exchanges are leaning on the same banking sector that they are slowly putting out of business, so the backlash has been intense. This has created a gap between the two worlds that Robocoin promises to close. Robocoin is a start-up headquartered in Las Vegas. The mission is to create a fast, safe and reliable transaction mechanism to transfer wealth between fiat and....
Courtesy: blog.robocoinkiosk.com. The last update brought to you by newsBTC on the topic of the Robocoin ATM (the first Bitcoin ATM out in the wild) was that the machine had done $100,000 in transactions in the matter of 8 days. The case now, as one would expect, is different. Reports indicate the Robocoin ATM in downtown Vancouver (at the Waves Coffee House) has processed a whopping $1 million CAD in transactions in 29 days. That amounts to about 1500 buy/sell transactions, in total. The ATM has received a fair bit of attention, particularly by the media for making it incredibly simple to....
Robocoin has developed a new ATM system that enables cash to be sent to another account or ATM without the high-cost that remittances usually carry. Bitcoin is up until now the best way to avoid the high cost of remittances and now Robocoin streamlined this process even further. Romit is Robocoin's new product and the developers have enabled a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. Robocoin CEO Jordan Kelley, says: "Romit enables unprecedented low-cost global money transfers by leveraging Bitcoin's....
Courtesy: blog.robocoinkiosk.com. We've heard a fair amount of news from Las Vegas-based Robocoin. The company late last year installed the first bitcoin ATM in a downtown Vancouver coffee shop. But they're ready to expand their horizons. The company said on Tuesday they have plans to bring their kiosk to the United States, with machines expected to hit Austin, Texas and Seattle, Washington sometime later this month - making them among the first in the nation. It is unclear where the kiosks will be installed, exactly, but they're sure to make a splash when they do arrive. The....
A vocal minority of operators are taking a stand against major bitcoin ATM manufacturer Robocoin over its decision to cut ties with any business partners that refuse to upgrade to its new proprietary wallet platform. At press time, the operators of eight machines have confirmed to CoinDesk that their Robocoin bitcoin ATM units had gone offline over the issue. Robocoin has some 45 machines in operation globally, according to the CoinDesk Bitcoin ATM Map. The operators of these eight machines have refused to upgrade to the company's Robocoin 2.0 platform, which will require them to collect....