Lamassu, RoboCoin Bitcoin ATMs show their stuff in San Jose #Bitcoin2013

Two machines for changing dollars to bitcoins were on the show floor at the Bitcoin 2013 show in San Jose.

AccessTimeIconMay 20, 2013 at 9:15 a.m. UTC
Updated Sep 9, 2021 at 12:34 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Two machines for changing dollars to bitcoins were on the show floor at the Bitcoin 2013 show in San Jose, though only the machine from Lamassu Bitcoin Ventures was up and running when CoinDesk toured the expo.

Lamassu's machine is a small, glossy white box about the size of a microwave oven, with a slot to accept bills, a screen and a camera that can read QR codes from a user's wallet app on a smartphone screen.

  • 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
  • Attendee Evan Rose fed two $20 bills into the machine and saw the bitcoins hit his digital wallet within seconds.

    "There goes my cab fare," he joked.

    "Convince your cab driver to accept bitcoin," advised Matt Whitlock, one of the company's three co-founders.

    The trio plans to sell the machines for $4,000 each to wholesale distributors, and suggest a $5,000 retail price. Then machine owners can operate the machines independently, setting their own fee structure, Rose said.

    The RoboCoin Kiosk, a much larger machine the size of an arcade game, was powered down and unattended Saturday afternoon. We'll try to catch it in action some other time.

    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.