17 Feb '14, 7pm

ATM Pioneer Plans Machines for Singapore, London

ATM Pioneer Plans Machines for Singapore, London

The company behind the world’s first bitcoin ATM is planning to set up machines in London and Singapore by mid-March. Vancouver-based Bitcoiniacs , said the new machines are part of a global expansion that will also include setting up physical brokerage offices for retail customers and a push to increase use of its own bitcoin exchange. Bitcoiniacs founder Mitchell Demeter said the ATMs would likely be located inside a cafe or coffee shop, with a brokerage office attached. This would be similar to its current set-up in Vancouver, where the ATM is located in Waves Coffee House. “We’re currently looking for a location. We’ve got a gentleman on the ground in Singapore that we’ve been working with. We’re likely going to do a similar set-up to what we have here in Vancouver,” Demeter said. The ATMs going to London and Singapore are Robocoin models. Bitcoiniacs currently operate...

Full article: http://www.coindesk.com/atm-pioneer-machines-singapore-lo...

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