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This Bitcoin ATM Would Let You Exchange Cash For Bitcoin IRL

The kiosk-like machine would bypass Bitcoin exchanges.

This Bitcoin ATM Would Let You Exchange Cash For Bitcoin IRL

The digital currency Bitcoin is heading to the physical world. Lamassu has begun production on a Bitcoin ATM and plans to ship 15 preliminary units in September.

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The Bitcoin Machine would allow people unfamiliar with Bitcoin exchanges to convert cash into the digital currency without having to sign up with an online exchange. When Lamassu, which is based in Porta, Portugal, began taking preorders on Monday, the company received enough interest to fund the preliminary production units. The new batch of preorders are expected to ship by the end of the year.

“I believe the excitement revolving around our machine stems from a few of its basic advantages over other methods of obtaining Bitcoin,” Lamassu CEO Zach Harvey said in a statement. “Those advantages are ease of use, zero registration, walk-in conversion, and no minimum deposit.”

[Image: Lamassu]

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.

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