Lamassu, RoboCoin Bitcoin ATMs show their stuff in San Jose #Bitcoin2013

Two machines for changing dollars to bitcoins were on the show floor at the Bitcoin 2013 show in San Jose.

AccessTimeIconMay 20, 2013 at 9:15 a.m. UTC
Updated Sep 10, 2021 at 10:46 a.m. UTC

Two machines for changing dollars to bitcoins were on the show floor at the Bitcoin 2013 show in San Jose, though only the machine from Lamassu Bitcoin Ventures was up and running when CoinDesk toured the expo.

Lamassu's machine is a small, glossy white box about the size of a microwave oven, with a slot to accept bills, a screen and a camera that can read QR codes from a user's wallet app on a smartphone screen.

Attendee Evan Rose fed two $20 bills into the machine and saw the bitcoins hit his digital wallet within seconds.

"There goes my cab fare," he joked.

"Convince your cab driver to accept bitcoin," advised Matt Whitlock, one of the company's three co-founders.

The trio plans to sell the machines for $4,000 each to wholesale distributors, and suggest a $5,000 retail price. Then machine owners can operate the machines independently, setting their own fee structure, Rose said.

The RoboCoin Kiosk, a much larger machine the size of an arcade game, was powered down and unattended Saturday afternoon. We'll try to catch it in action some other time.


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

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.