World’s First Bitcoin ATM Launched in Canada

Latest move toward mainstream use for virtual currency

  • Share
  • Read Later
David Ryder / Getty Images

Katrina Caudle celebrates after using the world's first bitcoin ATM at Waves Coffee House on October 29, 2013 in Vancouver, British Columbia, Canada.

Bitcoins took yet another step toward mainstream use on Tuesday, as the world’s first ATM converting the virtual currency to conventional cash, and vice versa, was introduced at a coffee shop in Vancouver, Canada.

The machine will be operated by the bitcoin exchange companies Bitcoiniacs and Robocoin, and will perform transactions after a palm and ID scan, CBC reports. Four more ATMs are planned for the country in the near future.

Bitcoin, which made headlines as a method to buy illegal products on “deep web” portals such as the recently-raided Silk Road, is also gaining prominence among high street stores in Western Canada. Bitcoiniacs reported that it was selling the currency, valued at $12 in January, for around $200 today.


MOREWhy the FBI Can’t Get Its Hands on Silk Road Kingpin’s $80 Million Hoard


Myriad has initiated development of a new innovative platform which will be announced in the next 90 days to enhance the Bitcoin and cryptocurrency community. CryptoCafe is going to be big in the world of Bitcoin, be sure to sign up for the big  release announcement. The website is owned by a public company called Myriad Interactive, the stock symbol is MYRY and its predicted to be very big!

Myriad Interactive Media Begins Development of Bitcoin Platform


I will be your friend for bitcoins. :)