First Bitcoin ATM Draws $1M In Transactions

In its first 29 days of service, the world’s first bitcoin ATM has processed more than $1 million in transactions, newsBTC reported on November 27.

The ATM, manufactured by Las Vegas-based Robocoin, has completed 1,576 transactions during this time. The bitcoin allows consumers to exchange up to $3,000 in bitcoin per day.

The ATM is available for use at Waves Coffee House in Vancouver, Canada.

For our full analysis of digital currency and its potential as a payments innovation, read Karen Webster’s full analysis here.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.