US Gets First Bitcoin ATM
Machine in Austin will exchange the currency for cash
By Evann Gastaldo, Newser Staff
Posted Feb 20, 2014 3:45 PM CST
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(Newser) – In Austin today, organizers were set to launch the country's first Bitcoin ATM. Similar machines in Boston and Albuquerque allow cash to be exchanged for Bitcoins—but this one also allows the digital currency to be exchanged for cash (although withdrawing cash can take as long as 10 minutes, because the value of the Bitcoins will require market confirmation, KXAN reports). The first-ever Bitcoin ATM was introduced in Vancouver last year; today's is being unveiled at a bar in downtown Austin that's popular with hipsters, just in time for SXSW, which starts March 7. The machine scans users' palms, faces, and government-issued IDs in order to confirm their identities, USA Today reports.

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Showing 3 of 11 comments
Trastion
Feb 21, 2014 7:39 AM CST
"The machine scans users' palms, faces, and government-issued IDs in order to confirm their identities," Yeah I am pretty sure this will turn out to be a government run program to catch people who do illegal things with Buttcoins. Just let us scan your whole body and ID so we can tie this account to you and then find all the things you've done.
JERZJOE
Feb 21, 2014 6:58 AM CST
WHAT? is with this bitcoin!! is this soon to be the new world one $$$$$$$$$$$$ system? goodbye, us dollar, yen, ruby,pound,peso etc......!!! hmmmm... anyone? hey. i have of bunch of old NYC subway tokens from years ago. i wonder if they make those like bitcoins.
wartengu
Feb 20, 2014 6:14 PM CST
Bitcoin = worthless fools gold.