Robocoin Bitcoin ATMs Head to Taiwan and Hong Kong

The first Robocoin bitcoin ATMs destined for the Far East are to land in Taiwan and Hong Kong soon.

AccessTimeIconJan 3, 2014 at 4:20 p.m. UTC
Updated Sep 11, 2021 at 10:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

The first batch of Robocoin ATMs destined for the Far East is expected to land in Taiwan and Hong Kong later this month.

The company is planning to expand its presence in Europe and North America, but for now, eight new units are receiving final touches and they should ship to Asia sometime in January. The company noted that it is heading to “bitcoin-hungry” markets in Asia, namely Taiwan and Hong Kong. It is not clear whether mainland China will get any bitcoin ATMs soon, given its clampdown on bitcoin operators last month.

“Bitcoin demand in Asia is amazing,” said Robocoin CEO Jordan Kelley. “We have many Asian countries seeking to enhance consumer capability to buy and sell bitcoin securely and safely.”

The ATMs destined for the Asian market will feature a new user interface in simplified and traditional Chinese, but other than that they appear to be standard Robocoin units.

Kelley also highlighted Robocoin’s commitment to complying with local regulation and delivering consumer protection software. The ATMs combine biometric authentication, government issued ID scanning as well as verified facial matching, which makes them somewhat more secure than traditional ATMs we use every day.

Robocoin says it has sold dozens of units so far and global distribution is slated for January. Things should pick up in March, when the company plans to ship 39 units worldwide. Other international locations include Europe, Canada, the US and other Asian countries, although the company has not disclosed the exact locations. However, in a recent interview with Tech Crunch, Robocoin’s Sam Glaser hinted at Manhattan as one of the next locations.

Of course, Robocoin is not the only company vying for the lead in the bitcoin ATM market. Last week Lamassu announced the sale of its 100th bitcoin ATM and it claims to have received more than 120 orders since it started accepting pre-orders in August. More than a dozen Lamassu ATMs have been delivered so far.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.