Announcing Bitvenders.com Bitcoin ATM systemThis project is in Beta, but it will allow you to build your own Bitcoin ATM machine.
Overview: The Bitvenders system allows anyone in the world to build and manage their own Bitcoin ATM. The Bitvenders system consists of two parts; Kiosk software that is free to download and a website that manages the functions of the Bitcoin ATM/Vending machine kiosk. The kiosk works by a user entering a destination Bitcoin address and then inserting cash into a bill validator. A bitcoins are then sent to the address instantaneously at the current market value plus a fee set by the kiosk owner. Bitvenders will collect a small fee from the transaction (< 1% , Bitvenders fee is set to 0% during Beta).
To get started, here is a list of components needed to setup a basic system:
- Bill acceptor compatible with MEI serial protocol (EBDS) such as MEI cashflow AE2400 , AE2600 or AE2800. The MEI SC series validators should also work, but haven't been tested yet. (The SC series will probably need to be used for non US currency)
- Serial cable for bill validator
- A web cam
- A windows 7 computer
- RS232 to USB converter
- Touch screen with at least 1024x768 resolution (optional)
- Kiosk Software at https://bitvenders.com/portal/download/BVKsetup0_0_5.exe
- Bitvenders account at https://bitvenders.com/portal/
Video Demonstration of my Bitcoin ATM demo unit will be here soon...
WARNING: This is an early release so that Kiosk owners can try out the system before Bitvenders is ready for large scale operation. Only deposit small amounts of Bitcoin into accounts for testing.