QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 54, No. 3, March 2014, Posted On: 2/25/2014


Bitcoin ATM Delivers Digital Currency At New Mexico Cigar Bar


Emily Jed
Emily@vendingtimes.net
TAGS: coin-op news, vending, currency trends, bitcoin ATM machine, Enchanted Bitcoin, Lamassu Inc., encrypted currency, Zach Harvey, Financial Crimes Enforcement Network, FinCEN

ALBUQUERQUE, NM -- One of the nation's first bitcoin ATMs is up and running at Imbibe, an upscale cigar bar and lounge here.

The bitcoin machine, operated by Enchanted Bitcoin and manufactured by Manchester, NH-based Lamassu Inc., turns users' cash into encrypted currency when they scan a Bitcoin QR code into the machine and insert cash. The device then transfers the equivalent amount of Bitcoin into their digital wallets.

Enchanted Bitcoin said it recently received accreditation from the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN), which requires that every Bitcoin exchange register as a money services business.

"Enchanted Bitcoins are paving the way for mainstream bitcoin accessibility in the Unites States," said Lamassu chief executive Zach Harvey. "They have put in a lot of time and effort on the compliance side, and we're very excited to see them open for business."


Topic: Music and Games Features

Articles:
  • Barron Games Introduces GoGo Pony Video-Enhanced Coin-op Kiddie Ride
  • Coast To Coast's Hurricane Tunnel Brings Stormy Thrills To Coin-Op
  • Incredible Technologies' LoonyTIX Ships In Modular 'Videmption' Cabinet
  • Valley-Dynamo Returns To International Table Soccer Federation
  • TouchTunes Decks Jukeboxes With Holiday Music And PhotoBooth Themes

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570