The world's first publicly accessible
ATM machine which can exchange digital currency - bitcoins - for any official currency
has been launched in Canada by a group of young entrepreneurs.
The ATM machine, operated by
Vancouver-based Bitcoiniacs and Nevada-based Robocoin, converts bitcoins to
Canadian dollars and vice versa. It opened for business in a Vancouver coffee shop,
on Tuesday.
Customers will need to have their
palms scanned in order to exchange up to USD 3,000 worth of bitcoins per day.
The bitcoins will then be transferred
to and from the customer's on-line bitcoin wallet.
Users will have the option to receive
a paper voucher representing the transaction, the report said.
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