Bitcoin ATM Enters Hong Kong, Taiwan

January 7, 2014 | Print | Comments | Category: Gadgets & Electronics, Law & Policy






Bitcoin shopping cart

Robocoin, a Bitcoin ATM machine, was deployed in Hong Kong and Taiwan.

Robocoin was first launched in Vancouver, Canada, in October 2013, which caused a sensation. Since then, this product has been purchased by over 1,900 individuals and enterprises around the world.

According to Jordan Kelley, chief executive officer of Robocoin, Asia's demand for Bitcoins is astonishing. His company realizes that consumers in many Asian countries hope to do Bitcoin trading in a more secure way.

Kelley explained that Robocoin's software has strong functions, which can prevent any money laundering activities. It combines palm scanning, ID scanning and facial recognition. For security, the ATM machines are connected to the company's infrastructure via a virtual private network and their servers cannot be accessed via the Internet, which reduces the risk of attacks but seems to lower the amount of privacy for users.

In the future, the company plans to add more Bitcoin ATMs in Europe, Canada, and America.

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Image Credit: Slavoljub Pantelic




2 Responses to “Bitcoin ATM Enters Hong Kong, Taiwan”

  1. By HankJanuary 7, 2014 at 5:50 am

    This is good news for bitcoin. Soon bitcoin will be accepted more mainstream. Unfortunately people generally don't really understand the basics of bitcoin at this time.

    For everybody who want to practice with bitcoin, at the following website you can receive free bitcoins:

    freebitco.in/

    All you have to to is fill out your bitcoinadress and create a password, there is no registration procedure. You receive free bitcoins every hour in some sort of lottery (up to +- 0.2 btc!). They really pay out. The fun part is that you

    can use your winnings to play higher/lower to win additional coins.

  2. By HendrickMay 21, 2014 at 6:37 pm

    Are the ATMs still operational? My understanding was China vacated the law for bitcoins right?

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