{"id":4574,"date":"2014-09-15T16:09:23","date_gmt":"2014-09-15T16:09:23","guid":{"rendered":"https:\/\/evssolutions.com\/introducing-the-worlds-first-bitcoin-atm\/"},"modified":"2014-09-15T16:09:23","modified_gmt":"2014-09-15T16:09:23","slug":"introducing-the-worlds-first-bitcoin-atm","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/introducing-the-worlds-first-bitcoin-atm\/","title":{"rendered":"Introducing The Worlds First Bitcoin ATM"},"content":{"rendered":"

With much excitement, the day has finally come where we are
\nbeing introduced to the worlds first Bitcoin
\nATM<\/a>. The machine converts the virtual currency to conventional cash and
\nvice versa. It was introduced earlier this week at a coffee shop in Vancouver,
\nCanada. The machine is operated by Bitcoin exchange companies, Bitcoiniacs and
\nRobocoin. Bitcoin<\/a>
\nis an internet-based currency designed to exist without any centralized
\nregulatory authority.<\/p>\n

In order to use the ATM you must first decide whether you
\nwant to buy or sell. You are then prompted to register with the machine and
\nscan the palm of your hand six times. When you are finished with your
\ntransaction, a confirmation via email will be sent to you and the receipt will
\nhave a QR code on it for your personal records. The currency will arrive within
\nthe next hour into your online Bitcoin wallet. Transactions are anonymous but
\nyou have to identify yourself with the palm scanner each time you use the ATM.
\nNone of the data the machine uses is publicly available on the Internet. Its
\nall transacted over a secure VPN connection and there is nothing stored on the
\nATM. A single user cannot exchange more than $1,000 in a single day. Four more
\nATMs are planned to go public in Canada by the end of December.<\/p>\n

The Bitcoin ATM is claimed to be more secure than
\ntraditional banking services.Bitcoins are used to pay for web services but are attracting
\nattention for more physical locations. So the question is, with this
\nrevolutionary step, what does the future of Bitcoin look like and what does
\nthis mean for the banking industry? Will it become the more preferred currency
\nthe world has? Its hard to tell if there will be issues with fraud and identity theft<\/a>.
\nSo, we want to know your thoughts. Connect with us on Twitter @GoEVS<\/a> and tell us what you think.<\/p>\n

 <\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

With much excitement, the day has finally come where we are being introduced to the worlds first Bitcoin ATM. The machine converts the virtual currency to conventional cash and vice versa. It was introduced earlier this week at a coffee<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4574"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4574"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4574\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}