31 Dec 2013 / Entrepreneur – Sometimes the future can sneak up on you. Like when you find out that a startup incorporated in the British Virgin Islands, whose employees live in New Hampshire and whose products are made in Portugal, is selling digital-currency ATMs to Saudi Arabia and Singapore.
These are only two of the countries that have purchased Bitcoin ATMs from manufacturer Lamassu, which announced Monday that it had sold 120 of the machines to customers all over the world. A map Lamassu created to mark the occasion, showing the far-flung sales locations of its Bitcoin ATMs, not coincidentally illustrates the global appeal of Bitcoin.
Zach Harvey, Lamassu’s chief executive, said as much in a press release. “We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we’ve translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian,” Harvey said.
Lamassu has delivered about a dozen ATMs so far, with plans to ship the others in spring 2014.
In October 2013, another company, Robocoin, made headlines for its Bitcoin ATM, said to be the first in the world that was available to the public, when one of its machines was installed in a coffee house in Vancouver. Within its first month in operation, the ATM had processed more than CAD$1 million in transactions…..Read more
