First U.S. bitcoin ATMs to open soon in Seattle, Austin
 

(Reuters) - Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency.

The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs but have scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities.

The ATMs will allow people to swap bitcoin for cash, or deposit cash to buy more bitcoin by transferring funds to or from a virtual wallet on their smartphones.

Bitcoin was launched in 2008 and is traded within a global network of computers. It is not backed by a single company or government and has no assets behind it, but its release is tightly controlled, mimicking a central banking system's control over the minting of money.

Robocoin, based in Las Vegas, installed its first bitcoin ATM in Vancouver last fall and will also start operating one in Calgary, Alberta, later this month. Robocoin also is planning to install ATMs in Asia and Europe.

A bitcoin is currently worth about $636, but its value has fluctuated widely as the currency's visibility has increased. Last September, a bitcoin was worth around $150. By late December the value was near the $1,000 mark.

Users can buy products and services online on sites including Overstock.com or in a handful of stores.

The currency's reputation took a hit last week when two of its best known exchanges suspended withdrawals. One of them, Slovenia-based Bitstamp, said Friday it planned to allow redemptions to resume.

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Where do you see prices in 2 months?

Have scanners for identify cards, interesting

maybe around $800

bump bump

What goes down must come back up. I hope. Bit coin sure isn't going away. The more publicity, the more buyers, the price goes up. Limited quantity.

Speaking of Bitcoin, this is just Hot off the press Check out FUBAR :thumbsup
http://fubarwebmasters.com/news.php?post=131

FriendFinder Networks (NASDAQ:FFN) $0.43

Cool, bin laden could easily send cash to US soldiers

:1orglaugh:1orglaugh

wow, what did it peakk at?

Lesson:Adult companies shouldn't go public.

Apples and Oranges.

this is currency not dating. i remember when paypal first started. they were saying fly by nite

you are clueless. what goes down must come up, you hope. :1orglaugh

Warren Buffett does not hope, he studies. Edgeprod does not hope. he takes profits, & i bet a million bucks he knows when to cut a loss.

do yourself a favor & cash out before you hurt yourself. Read up on real traders & learn what they did. google jack schwager for starters, & read his books. Clue yourself in.

:2 cents:

First U.S. bitcoin ATMs to BE CLOSED BY FEDS in Seattle, Austin

And that would be justified and correct decision. Untrackable international transfers..

I just used my EBT card to buy bc at 7-11 from arab guy.

I see coins goes beyond imaginable !

Clueless? You are the one that needs an education. What qualifies you to spout this shit? You play it safe by not doing anything and think you have something important to contribute? Clearly you are clueless.