Robocoin is reaching out to Hong Kong and Taiwan
Robocoin, the first shipping Bitcoin ATM is heading to Hong Kong and Taiwan. Although crypto-currency has seen massive growth and gained media attention during 2013, the problem that hits any Bitcoin user is usability. Using Bitcoin is still somewhat confusing and cumbersome, mainly because one have to go through an exchange to convert fiat currency to virtual currency and vice versa.
Robocoin which is headquartered in Las Vegas promises to close the gap between fiat and virtual. With its sleek interfaced ATM, it will bring a fast, reliable and safe transaction mechanism to bridge the two worlds along with security features not found on other interface. They have plans for further release in Europe, Canada and U.S.
This is an excerpt from Robocoin Blog,
Vancouver, B.C. Robocoin, the world’s first Bitcoin ATM, continues to ride a caffeine-and-media induced buzz. On just its 29th day of operation, the first Robocoin has exceeded $1,000,000 CAD in volume from 1,576 transactions. Over one half of the buy-transactions generated new wallets, suggesting that Robocoin continues to attract first time bitcoin users.
In the days since Robocoin’s launch announcement the price of Bitcoin has jumped from $177 USD to $881 USD (on the Bitstamp exchange according to Bitcoincharts.com.) While China’s bitcoin enthusiasm and a remarkably positive US Senate hearing helped lead bitcoin’s recent price surge, Robocoin contributed by injecting unprecedented present and perceived bitcoin liquidity along with favorable press, mainstream acceptance and technological leadership with Anti-Money Laundering and Consumer Protection compliance.
Those familiar with Bitcoin have long lamented the historically arduous exchange process and have been delighted by Robocoin’s ease-of-exchange. Some customers used their newly purchased Bitcoins to buy coffee at the Bitcoin-accepting Waves location, while others impressed their parents by exchanging Bitcoins for Canadian dollars.
Robocoin CEO, Jordan Kelly said that “Bitcoin demand in Asia is amazing. We have many Asian countries seeking to enhance consumer capability to buy and sell Bitcoin securely and safely.”