First U.S. bitcoin ATMs set to open in Seattle, Austin

Feb 18, 2014, 12:58 AM EST
A user is instructed on how to scan his palm using scanning identification to ensure that a single user cannot exchange more than $1,000 in a single day day on the world's first bitcoin ATM at Waves Coffee House on October 29, 2013 in Vancouver, British Columbia, Canada.
AFP/Getty Images

Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs but have scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities.

Background:

First U.S. bitcoin ATMs to open soon in Seattle, Austin [Reuters]

Regulators and hackers put bitcoin to the test [NYT]

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