World's First ATM Bitcon

World's First ATM Bitcon

Popularity of digital currency Bitcoin as expanded. Crypto-currency that has been used for illegal transactions will have its first ATM in the world are located in Toronto, Canada.

Of course with this ATM Bitcoin illegal transaction is expected to be muted. The world's first Bitcoin ATM is located at 64 Spadina Avenue, on a land area of 5,500 square feet of office belonging decentral Bitcoin, a Bitcoin mining companies in Canada.

ATM is built by a company from Ottawa named BitAccess. ATM was introduced to the public on January 1, 2014 and will be opened this week.

This machine helps people to buy Bitcoin directly and quickly, no longer confusing and troublesome as before.

“The way you stand in front of the machine , the input of money and a cell phone number , then the machine will send a pin number into the phone , " said Anthony Di Iorio Bitcoin ATM operators such as quoted from Toronto Life , Tuesday ( 07/01/2014 ) .

The pin number will be used to buy Bitcoin in cyberspace. Phone numbers involved in the purchase order can be tracked for security reasons.

Currently the ATM cannot be used to dilute the Bitcoin into cash, at least not yet said Di Iorio. He is still doing further development on the ATM machine.

“We’re working on various projects so that more and more merchants that accept Bitcoin as a means of payment. Bitcoin may be the most convenient option to send money around the world, “ he said.

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