Lamassu opens pre-orders for Bitcoin ATM

20 August 2013

Lamassu, the creators of the world's first Bitcoin ATM known as the Bitcoin Machine, are nearing the production of the devices and have opened pre-orders on their website.

The preliminary production run has already been funded, with the orders paid in Bitcoin.

Chief executive officer at Lamassu, Zach Harvey said he expects the preliminary batch of 15 units to ship in September, while the remainder of the pre-orders will be sent out by the end of the year.

"Obtaining Bitcoin is just as hard now as it was when we set out to develop the Bitcoin Machine and this is a solution we feel a lot of people have been waiting for," he remarked.

Lamassu's Bitcoin Machine scans info using a QR code on a mobile device and people put money in to top up their account.

In terms of regulatory requirements for the Bitcoin Machine, Lamassu are only providing the devices and do not provide any financial services. However, the company is partnering with leading ID and compliance services companies, to integrate these into the machine.

By Claire Archer

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