Gadgets & Electronics, Law & Policy

Bitcoin ATM Enters Hong Kong, Taiwan

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.

Image Credit: Slavoljub Pantelic


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