Bitcoin goes ATM
Posted by: Timothy Weaver on 02/24/2014 11:56 AM
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Bitcoin "ATMs" went live in both Boston and Albuquerque by two different companies. The machines will allow cash deposits and Bitcoin withdrawals, but not cash withdraws. They are the first in the US that will allow customers to convert paper money to Bitcoins.
Liberty Teller, which operates the Kiosk out of the South Boston Station transit hub, said that it will eventually offer an automated buying system for users looking to cash out.
However, the Bitcoin value has continued to fluctuate as seen by the volatility at the embattled MtGox exchange. The MtGox exchange displayed a high of $160 and a low price of just $91.50 per Bitcoin. Just last month the crytocurrency was valued at near $1000.
The Coindesk Index rates the currency better than the Mt. Gox exchange at between a high of $579.40 and a low of $525.07.
Liberty Teller, which operates the Kiosk out of the South Boston Station transit hub, said that it will eventually offer an automated buying system for users looking to cash out.
However, the Bitcoin value has continued to fluctuate as seen by the volatility at the embattled MtGox exchange. The MtGox exchange displayed a high of $160 and a low price of just $91.50 per Bitcoin. Just last month the crytocurrency was valued at near $1000.
The Coindesk Index rates the currency better than the Mt. Gox exchange at between a high of $579.40 and a low of $525.07.
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