Canada has the first Bitcoin ATM tree

The first ATM Bitcoin was installed in Vancouver, Canada, this week. This is the first of five Bitcoin ATM trees to be deployed throughout Canada.

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Produced by Robocoin and run by Bitcoiniacs, the ATM is worth $ 18,500 to allow customers to exchange virtual currency bitcoin for Canadian dollars and vice versa. Maximum daily limit for a client is 3,000 Canadian dollars, equivalent to about 60 million.

Photo: rt.com

According to the Cnet technology site, bitcoin ATM trees will scan the palm of the hand to identify the user and set a daily maximum limit for that user. In addition, this identification also avoids legal issues with the anti-money laundering law.

Users can deposit Canadian cash and exchange for bitcoin. Transactions will be recorded in their online wallet. Similarly, online bitcoin money can also be used to cash in Canada.

"Basically, we can buy and sell bitcoins more easily, promote the development of bitcoin and bring bitcoins to people," said CBC founder, Mitchell Demeter. Use a more convenient way. "

In the United States, the biggest barrier to the emergence of ATMs in the streets is the law, according to Robocoin CEO Jordan Kelley. An American federal judge issued a ruling in August, pointing out that bitcoin is a form of currency and therefore contrary to US law.