Inventor Creates Commercial Bitcoin Fuel Pump

The fuel pump accepts only bitcoin, and is ready for pilot installation, its creator says.

AccessTimeIconApr 22, 2014 at 7:40 p.m. UTC
Updated Sep 11, 2021 at 10:40 a.m. UTC

Despite the advancement of bitcoin at a number of major online retailers and in small businesses worldwide, certain major sectors still have yet to see any serious digital currency adoption.

For example, earlier this year, one gas station in Greeley, Colorado, became what was widely considered to be the first to begin accepting bitcoin, and three months later few, it seems, have followed suit.

This sluggish adoption could change, however, thanks to the efforts of bitcoin enthusiast and thermodynamics researcher Andy Schroder, who on 1st April revealed a prototype for a diesel fuel dispenser that accepts bitcoins.

Named the Bitcoin Fluid Dispenser II, the prototype was constructed from scratch by Schroder. The result is a fully functional gas pump that he says handles bitcoin's specific requirements while following the necessary guidelines for dispensing fuel commercially.

How it works

To begin, Schroder explains that users simply remove the fuel nozzle, and a unique bitcoin address will appear on the device displaying the current price of bitcoin per litre of gasoline.

From there, users scan the QR code, send their desired payment to the pump and collect their receipt.

The machine currently accepts only bitcoin, though Schroder told the Gliph company blog that additional forms of payment may need to be added for his invention to have market appeal.

The release follows Schroder's first attempt at a bitcoin-enabled fluid dispenser, after his original design in August 2013.

Ready for market

While certain improvements may still need to be made for the machine to become widely used, Schroder has indicated via his website that his current model is ready for pilot installation.

He notes that the ideal home for the unit would be at an independent, privately owned fuel station in the greater Cincinnati area that sells diesel fuel or kerosene.

Future features planned for the pumps include Bluetooth and NFC support, Bitcoin Payment Protocol integration and compatibility with more volatile fuels such as automobile and aviation gasoline.

For more details on the technical specifications of the product or to contact Schroder regarding the machine, visit Schroder's website here.


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; 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.