Robocoin Plans to Open Bitcoin ATM in Hong Kong, SCMP Reports

(Bloomberg Businessweek) Robocoin Technologies, the company that opened the world’s first Bitcoin automated teller machine, plans to set up a second one in Hong Kong, the South China Morning Post reported, citing chief executive Jordan Kelley.

An ATM for the virtual currency may be ready in the Chinese city by the end of this month, the newspaper said, citing Kelley in an interview. Robocoin will partner with local businessmen in Hong Kong, the newspaper said, without providing names.

Robocoin opened the first Bitcoin ATM in Vancouver in October and transactions exceeded $940,000 within the first month of opening, the SCMP said. At the Vancouver ATM, users can deposit cash in exchange for bitcoins to be put into an online wallet, or withdraw cash from the machine in exchange for bitcoins, according to Robocoin’s website.