Bitcoin ATMs set to appear in Hong Kong and Taiwan

By Rizza Sta. Ana

Jan 03, 2014 04:49 AM EST

A TechCrunch report said Robocoin, the first shipping Bitcoin ATM, will be making its debut in Hong Kong and Taiwan in January as part of its international expansion plans. The report also said that although there are plans to launch in Europe, Canada, and the US, the priority given to the Asian market was interestingly, considering the clout of the region in Bitcoin markets.

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

Robocoin's Growth guru Sam Glaser also disclosed the company's foray into Bitcoin ATMs. He said, "Robocoin ATM's are the best in the game; they provide individuals the easiest way to buy and sell bitcoin while simultaneously providing operators the most exciting business opportunity in all of bitcoin-our operators in Vancouver broke even in two weeks."

Robocoin, as described by Glaser to the technology news site, is a small team of technologists based out of Las Vegas. The US startup is composed of four individuals, namely, Kelley, chief technology officer John Russell, and developer Chris Yoder. Since launching in Vancouver, Robocoin claimed that it only took them a day short of a month to go over its C$1 million transaction target from 1576 transactions. The startup also said that a little over half of its customers are first-time users who have used the generate wallet feature of Robocoin. To date, Glaser said the company has sold more than 50 machines withi the first 50 days of order placements.

Glaser assured the public that its ATMs are secure. He disclosed, "Robocoin was built from the ground up to be 100% compliant globally and secure. Our 3-step verification gives operators unprecedented visibility of their customers and Robocoin software provides incredible power to defend against money laundering. The palm vein scanner + the ID scanner + facial matching is replacing the need for a bank teller. On the security side, the kiosks connect to our infrastructure through a VPN connection. The servers are not publicly accessible from the internet which minimizes the attack service. The computer itself sits in the safe so physical attacks are minimized."

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