Bitcoin ATM service is now available in a Canada coffee shop looking to be on the bleeding edge of technology. According to a report from late Wednesday (Oct. 30), it is the first bitcoin ATM that has been opened in the world. For anyone who doesn't understand what this means, it is an internet currency that can be traded, bought, or sold in the online world.
Waves Coffee House in Vancouver serves to bring people closer to their online currency with instant access. This follows a Sydney, Australia pub that has started to allow people to use the online currency to pay their tabs. It shows that borders don't matter when it comes to this new technology and it's certainly possible that something of this form could eventually become the norm for every country.
As for how users can access the bitcoin ATM, they first have their palm print scanned to verify identity. It is almost like something out of a spy movie, but it then lets the consumer buy, sell, or trade the currency straight from the machine. The popularity seems to be increasing as well, possibly pushing it to a point where the United States government warms up to it.
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