[2014-08-25] There Are Now Over 200 Bitcoin ATMs in Service Globally

[zakoliverz]

http://newsbtc.com/2014/08/23/now-200-bitcoin-atms-service-globally/

We really started to hear a lot about bitcoin ATMs late last year, when Las Vegas-based Robocoin launched the first two-way ATM in a downtown Vancouver coffee shop (that device went on to process over $1 million CAD in transactions in one month).

Since then, to say that this industry has flourished is an understatement.

According to the Bitcoin ATM Map – a service that keeps track of bitcoin/cryptocurrency ATMs — there are now over 200 ATMs that cater to crypto enthusiasts in operation globally.

[JetLi]

200? Can't be true, it's much and much more. Many are probably not on the list.

[Chef Ramsay]

200? Can't be true, it's much and much more. Many are probably not on the list.

Yah, I coulda swore I read something like there were thousands in the Ukraine and UAE alone a while back. Perhaps that was all sensationalist speculation that never came to pass..

[Carlton Banks]

200? Can't be true, it's much and much more. Many are probably not on the list.

Yah, I coulda swore I read something like there were thousands in the Ukraine and UAE alone a while back. Perhaps that was all sensationalist speculation that never came to pass..

The thousands in the Ukraine was said to be run through a pre-existing network of machines that serve up all manner of vouchers and tokens. Which is both good and bad; numbers are high and rollout is quick, but they're not relying on bitcoin for their business, so any issues and the whole thing can go up in smoke just as quickly as it was introduced. Not heard anything more about it since.