Monday, December 30, 2013

Lamassu Announces Sale of 100th Bitcoin ATM

Manufacturer Lamassu is ending 2013 on a high. The company has just announced the sale of its 100th bitcoin ATM, and far more than 120 orders.


To mark the occasion, Lamassu has set up an on the web map of bitcoin ATM areas that will be updated as new units go live across the globe.


A lot more than a dozen ATMs have been delivered so far, and the rest of the orders will be fulfilled by Spring 2014. Zach Harvey, Lamassu’s CEO, said:



“We’ve had orders from all more than the planet. We will be shipping to 25 various nations, ranging from Canada to Kyrgyzstan. We’ve translated our user interface into a lot more than a dozen languages which includes Russian, Chinese and Friulian. To me it is a testament to the international reach of bitcoin.”



Lamassu began taking pre-orders for its very first bitcoin ATM in August at a price tag of $ five,000 per unit. The ATM has a reasonably modest footprint, it can procedure fiat to bitcoin transactions in under fifteen seconds and it accepts notes from a lot more than 200 countries. Much more importantly, it is one of just a handful of sensible bitcoin ATMs accessible nowadays.


Earlier this month, Finnish company Bittiraha.fi installed the initial permanent Lamassu ATM inside a Helsinki record store. Despite the fact that bitcoin ATMs have popped up in a number of European cities just before the Finns got their first unit, none of these have been permanent installations.


Harvey said it is always fascinating for a young startup to watch its sales ramp up, but the actually thrilling element of the story is that these ATMs should offer millions of individuals with effortless access to bitcoin each and every day.


But with just a hundred units out there, it might take a although before you see a Lamassu bitcoin ATM in your neighbourhood.


Lamassu will demonstrate its ATM at the Consumer Electronics Show in Las Vegas next Sunday. The organization expects added machines to be set up all through Europe and the Americas over the subsequent couple of weeks at some major cities, such as: San Francisco, Atlanta and Seattle.


ATM Image via Shutterstock


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Lamassu Announces Sale of 100th Bitcoin ATM

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