First bitcoin ATM opens for business in Manhattan

flat128bitcoinatm21 Aug 2014 / New York Post – Manhattan’s first bitcoin ATM launched Thursday in the historic West Village.

The Lamassu-made machine, which costs a cool $6,500, was installed at Flat 128, a “luxury lifestyle store” on Christopher Street that sells UK-styled jewelry and home goods.

Don’t get too excited, though. The ATM is currently a one-way street that only allows cash in — not out.

That could change in the coming months, however, as Lamassu plans to release software that will let the machines exchange cyber currency for cash, said founder Zach Harvey.

Moreover, users of this particular machine will have to wait until they use it to learn how much they will be charged for each transaction….. Read more

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