Skyhook’s Open-Source Bitcoin ATM Will Cost Under $1,000

(CoinDesk) Jon Hannis, founder of Skyhook, told CoinDesk that it would only take one large operator to establish itself in the market for the Bitcoin ATM floodgates to open.

His effort, the Skyhook ATM, is currently in development and expected to be available soon. The idea behind the machine was to build a low-cost ATM using open-source hardware and software.

The goal for Skyhook, according to Hannis, is not to make money from the sales of the ATM units. The concept is more community driven, the idea being that if Bitcoin ATMs are widely available for people to use, Bitcoin adoption will proliferate.