Manufacturer Lamassu is ending 2013 on a high. The company has just announced the sale of its 100th bitcoin ATM, and more than 120 orders.
More than a dozen ATMs have been delivered so far, and the rest of the orders will be fulfilled by Spring 2014. Zach Harvey, Lamassu's CEO, said:
Lamassu started taking pre-orders for its first bitcoin ATM in August at a price of $5,000 per unit. The ATM has a relatively small footprint, it can process fiat to bitcoin transactions in under fifteen seconds and it accepts notes from more than 200 countries. More importantly, it is one of just a few practical bitcoin ATMs available today.
Harvey said it is always exciting for a young startup to watch its sales ramp up, but the really thrilling part of the story is that these ATMs should provide millions of people with effortless access to bitcoin every day.
But with just a hundred units out there, it might take a while before you see a Lamassu bitcoin ATM in your neighbourhood.
Lamassu will demonstrate its ATM at the Consumer Electronics Show in Las Vegas next Sunday. The company expects additional machines to be set up throughout Europe and the Americas over the next few weeks at some major cities, including: San Francisco, Atlanta and Seattle.
ATM Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.