Robocoin Bitcoin ATM in Vancouver Does $1 Million in 1 Month

Robocoin Kiosk Blog

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 buy or sell Bitcoin without having to give up personal information to a Bitcoin exchange.

Robocoin — a Nevada-based company — has a partnership with the Canadian VirtEx Bitcoin exchange to convert the digital currency to fiat, and vice-versa.

Robocoin says they hope to bring the Bitcoin ATM to major cities in the United States, including San Francisco and Boston.

[via CoinDesk]

Subscribe to our newsletter

Related Posts