Robocoin ATM

World’s First Bitcoin ATM to Launch This Week

(The Telegraph) The world’s first Bitcoin ATM will go live in Vancouver, Canada today.

Built by company Robocoin, the ATM will trade the digital currency for cash and vice versa.

The Robocoin ATM works by first scanning the user’s palm to ensure they do not make multiple desposits and avoid money-laundering. It has a depost limit of $3,000 Canadian dollars per day, which the user can put into the machine.