Vancouver Gets World’s First Bitcoin ATM

Photo credit: zcopley | Flickr

Photo credit: zcopley | Flickr

You might not have heard of bitcoins, but they’re coming to an ATM near you.

Vancouver has just become home to the first ATM in the world that allows users to exchange bitcoins – the controversial, all digital currency – for cash.  Users can also feed cash into the machine to top-up their virtual bitcoin wallets.

The ATM is inside an otherwise unassuming Waves Coffee House at the corner of Howe and Smithe streets in downtown Vancouver.  New bitcoin users will have to have their palms scanned in order to set up a bitcoin wallet and use the machine.  Then, they can either deposit or withdraw bitcoins in conjunction with a corresponding smartphone app.

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Vancouver Gets World’s First Bitcoin ATM