FIRST BITCOIN ATM MADE 100K CAD TRANSACTION IN 8 DAYS OF OPERATION

That Bitcoin ATM in Vancouver in the first 8 days of operation conducting $100,000 (CAD) worth of transactions. This number issued by Robocoin, that firm is the producer of that machines. Robocoin goal is to make Bitcoin accessible for everybody around the world. They just sold five machines for $20k each. The plan is to settle new ATMs in Toronto, Montreal, London and Berlin.

The very first of Bitcoin ATM was launched in a Vancouver caffe last week. The only requirement that you use biometrics in order to access the machine, a palm scanner. But there is another company Lamassu which also building Bitcoin ATMs, the difference is no require biometrics. I do believe these Bitcoin ATMs are break down the obstacles being more popular as an alternative currency. Recently the users mostly use for buying in 80% and just 20% wanted use for selling their Bitcoins. The transaction fee is quite high 3-5%.

Currently the Bitcoin price is at 330$. It looks a bubble but everybody said the same at 100 and 200 so we never know what is the highest price.

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The BFM Assets Team.