Thanks to regulations, the USSA has been behind the global curve with regard to the installation of Bitcoin ATMs. After all, Canada’s first machine was installed back in November, and it recorded $100,000 worth of transactions within the first week. Hopefully that trend is about to change, as Lamassu’s BTC machine is now operating in a cigar bar called Imbibe in Albuquerque, New Mexico. In addition, two Bitcoin ATMs from Robocoin are also set to be installed in Seattle, Washington and Austin, Texas shortly (from what I know, I prefer Lamassu’s machines since they do not employ biometrics).
From Coindesk:
After months of rumors and speculation, the first bitcoin ATM in the United States is now in operation.
The machine, manufactured by Lammasu, is located in a cigar bar called Imbibe in Albuquerque, New Mexico, and is being operated by Enchanted Bitcoin, run by Eric Stromberg.
New Mexico happens to be one of only two US states that do not require a money transmitter business (MSB) license to operate. The other is South Carolina.
The current turnaround time for a Lamassu ATM is 10-14 weeks. Harvey told CoinDesk this is because the devices have become rather popular.
“We are currently ramping up production from 40 machines a month to 60 machines a month, and then to 80 machines a month. Our goal is to build up inventory and reduce lead times to zero,” Harvey said.
As is clear from the statements above, the economic boom that could be unleashed via Bitcoin is potentially extraordinary. The U.S. needs to get its head out of its ass and let entrepreneurs and innovators do what they do best. Perhaps then a Bitcoin ATM that has been collecting dust in NYC storage can be installed and this shitty economy can actually be installed. Is this America or the Soviet Union?
Full article here.
In Liberty,
Michael Krieger
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