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April 03, 2014, 10:20:14 PM |
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There are three Robocoin ATMs installed in Austin Texas. The closest to me is about a kilometer away. Just today I made another Bitcoin purchase from it. It took 90 seconds from start to finish.
I enter my mobile number, enter my PIN, put my hand on the palm reader, scan my QR code for the receiving Bitcoin address, take a paper ticket, then insert fiat bills, then receive a receipt. 10 minutes later the transaction is confirmed and present in my Blockchain.info hot wallet.
Robocoin ATMs recognize me, complying with US AML/KYC laws, so there is no need for an attendant.
The fees are higher than Coinbase, but I prefer supporting my local Bitcoin economy.
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