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Election 2024

Skyhook Ships 150 Open-Source Bitcoin ATMs in First Month

The portable bitcoin ATM manufacturer said that it has sold 70 of its $999 units so far in June.

By Stan Higgins
AccessTimeIconJun 25, 2014 at 10:01 p.m. UTC
Updated Aug 18, 2021 at 3:06 p.m. UTC
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Election 2024 coverage presented by

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Open-source bitcoin ATM manufacturer Skyhook has announced that it has shipped 150 units since its May launch, and that 70 units have been sent to customers since the beginning of June alone.

Skyhook

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    • is unique within the bitcoin ATM ecosystem for its low-cost, portable alternative to more well-known brands like Lamassu and Robocoin. First launched in mid-May, Skyhook is based out of Portland, Oregon.

    In an announcement on its official blog, the Skyhook team said that demand has been steadily rising for its open-source ATMs. The company now aims to complete 1,000 sales before 2015.

    Skyhook also hopes to continue its mission of providing small-scale bitcoin entrepreneurs with the means to establish ATMs and create grassroots-level exchange locations.

    The company wrote:

    “Our goal with Skyhook has been to make it possible for everyone to become a bitcoin exchange, so that the buying of bitcoin is easy, accessible, and not restricted to a single central source.”

    Positive reception

    The company said that customer feedback has been constructive and often positive, saying that problems among its clients are few. It added that "we’ve gotten a lot of great testimonials and very creative use stories".

    In May, Skyhook COO Kyle Drake told CoinDesk that one of the company’s top priorities is to make it simpler for people to buy digital currencies.

    He remarked:

    "We want to help solve the bitcoin purchasing problem by making it so anyone that wants to try and use bitcoin can just go to a nearby ATM, and get some with cash. The best way to do that is to make bitcoin ATMs affordable, so that anybody can get and use one."

    For more on Skyhook and its initial launch, read our full report.

    Image via Skyhook 

    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.

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