12 Jan 2014 / NY Post – Bitcoin ATMs are coming to the city.
Josh Harvey, co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show and has found quite a bit of interest for the $5,000 machines.
The machine, designed and manufactured in Portugal, looks like a typical deli ATM — but functions more like a vending machine. You put in US dollars and receive bitcoins back on your phone.
Users first download a bitcoin wallet mobile app — such as BlockChain or Mycelium — and set a password. A black-and-white QR code appears. They press the phone against the ATM’s glass window so it can scan the code, then feed in cash.
Presto, the machine sends bitcoins to the phone.
Brooklyn native Willard Ling, 30, is set to introduce the first bitcoin ATM to New York City.
After scouting locations, he has chosen the East Village bubble tea shop Just Sweet, on 3rd Avenue and 12th Street. He is now in talks with the owners on a rent deal.
State regulators with the Department of Financial Services are expected to hold hearings later this month to discuss bitcoin and how it should be regulated….. Read more
http://nypost.com/2014/01/12/first-bitcoin-atm-to-debut-in-nyc/
