There’s been a lot of talk about when a bitcoin ATM would finally hit the means streets of New York City. It’s seems the time has finally come.
Willard Ling of Brooklyn is aiming to bring a Lamassu bitcoin machine to the East Village neighborhood in Manhattan. Ling is reportedly in talks with the ‘Just Sweet’ tea shop on 3rd Avenue and 12th Street to work out the terms of rent, and Ling is also waiting to see what comes of the New York State’s hearings on digital currencies, which are slated to take place at the end of the month. These hearings may require Ling to obtain a ‘BitLicense’ — so until they happen, the Lamassu will be sitting in his apartment, according to the New York Post.
Interestingly, Lamassu bitcoin ATMs aren’t actually ATMs at all. They’re more like vending machines — allowing the user to insert cash for bitcoin, but not the other way around.