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The Netherlands wasn’t the only country to receive a new bitcoin ATM over the past few days.
The land of the rising sun — Japan — has also received a bitcoin ATM, its first, according to reports.
Unveiled Friday at an event in Suzuka in the northeastern section of the Mie Prefecture, the bitcoin ATM is the product of Las Vegas-based Robocoin.
The company’s machines are seemingly becoming more and more ubiquitous as the days continue to pass, with kiosks in operation in a number of nations (with another fifty planned shipments by Summer of this year).
Robocoin’s ATMs are two-way machines. That is, it is not only capable of converting fiat currency to bitcoin, but from bitcoin to fiat. With built-in anti-money laundering and know-your-customer features, it’s also a super compliant device. Unfortunately, such features can make using it rather cumbersome.
Regardless, Robocoin’s offerings remain tremendously popular amongst operators, thanks in part to the attention the company received from launching the first two-way ATM in the world.
That took place last year in a downtown Vancouver coffee shop. In the matter of a month, the kiosk had processed over $1 million in transactions.
Robocoin says they plan on announcing big news this week.
But back to Japan. It’s great news that this tech-savvy country has welcomed their first bitcoin ATM. In fact, another could be hitting Tokyo as soon as next month.
[textmarker color=”C24000″]Source[/textmarker] Japan Times
