It was a bit of a surprise when a Bitcoin ATM that would allow anyone to deposit cash and have it converted to bitcoins showed up in an Albuquerque, N.M., cigar bar in February...
Crave's Amanda Kooser was among the first to make a deposit from dollars to bitcoin at an ATM in the United States. The Lamassu ATM that Stromberg set up is a one-way affair, it changes cash to bitcoin, but not vice versa. But when I stopped in to that same Albuquerque cigar bar in late March to make my own deposit as I embarked on an experimental spring break trip funded entirely by Bitcoin, I found only, well...cigars.
I was told by the bartender on duty that the Bitcoin ATM had recently been pulled out and was "probably on its way back to California." She wouldn't speculate on why and wasn't sure of the exact date it was removed...
As for my Bitcoin spring break experiment -- it's not going so well. Not only has the ATM I planned to use gone MIA, so have the funds I tried to move to an anonymous Bitcoin-backed Visa debit card. More on that later.
Wednesday, April 2, 2014
Bitcoin ATM Yanked After Brief Debut..and Other Problems
Eric Mack writes at Cnet:
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I can see Bob's next post now: "Website Operator Goes Out of Business - Internet Doomed."
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