First US Bitcoin ATMs Coming to Seattle and Austin

Seattle and Austin will soon become the first US cities with bitcoin ATMs, provided everything goes according to plan.

AccessTimeIconFeb 18, 2014 at 12:40 p.m. UTC
Updated Sep 3, 2021 at 10:05 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Seattle and Austin will soon become the first US cities with bitcoin ATMs, provided everything goes according to plan.

The machines are coming from ATM manufacturer Robocoin and the company claims they will be installed by the end of the month, Reuters reports.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Robocoin ATMs are more elaborate than their Lamassu counterparts. They are cash-only machines and they have a few additional security features, such as biometric and optical scanners.

    In theory, this should allow much higher levels of security than regular ATMs. The barcode scanner can be used to scan QR codes and transfer bitcoins to your mobile. The ATMs can also scan government issued IDs, including driver’s licences.

    First in the US

    Robocoin ATMs have been deployed in several markets, including Canada. However, in other parts of the world deployment has proved problematic. Robocoin was supposed to install ATMs in Taiwan and Hong Kong, but Taiwanese authorities quickly moved to block the deployment of machines to the island nation.

    This should not be the case in Austin or Seattle, but there is still a lot of regulatory ambiguity. It all boils down to how the authorities choose to classify the Robocoin contraptions; they can view them as kiosks, ATMs or even vending machines that dispense a commodity in the form of bitcoins.

    Singapore and London

    In related news, Bitcoiniacs are planning to install Robocoin ATMs in both London and Singapore by mid-March. London is currently witnessing three different bitcoin startups racing to install the city's first bitcoin ATM.

    Singapore was chosen by Bitcoiniacs due to its relatively clear rules on bitcoin taxation, and of course the city’s trend setting image in much of Asia. As a major regional financial hub, Singapore remains the logical choice for good PR.

    Seattle Image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.