Bitcoin ATM Maker Lamassu Reduces Delivery Times, Introduces Stand

Bitcoin ATM manufacturer Lamassu released a new newsletter update on 26th March indicating that it is on track to ship 200 bitcoin ATM machines to buyers by this May.

This figure is up from the roughly 14 it estimates were in operation as of last November.

Further, the company said will have at least one unit delivered to every continent by that time, though it said Antarctica would not be included.

The announcement also revealed the company's first bitcoin ATM accessory - a stand that will retail for $1,600 per unit.

Lamassu ATMs

have been popping up with increasing frequency around the globe as local entrepreneurs seek to gain access to the new and potentially lucrative part of the bitcoin space by building local networks of the machines.

Lamassu has also notably reduced lead times. New Lamassu ATMs, the company says, will ship just eight weeks after an order is placed.

The company attributes the speed-up to its manufacturing team in Portugal.

Lamassu also introduced a stylish, minimalistic stand for its ATMs. The sleek stand is made using the same material and finish as the ATM.

Prices start at $1,600 per unit. Keep in mind that the ATM itself costs $5,000.

Discounts are available for those who buy multiple stands.

Some merchants had previously reported that custom stands took as long as two weeks to construct, a fact that added yet another consideration for those who wanted to install bitcoin ATM machines.

Lamassu began accepting pre-orders for its ATMs back in August 2013. It shipped the first units in October and the next batch of 25 units shipped in November.

In late December the company announced the sale of its 100th ATM, but only a dozen or so were actually delivered by then. The company said it had more than 120 orders in the pipeline in December, suggesting interest in the machines has remained strong.

Images courtesy of Lamassu & Bitcoin Suisse AG