More Bitcoin ATMs for the UK
Bitcoin now has multiple dedicated Bitcoin ATMs in London, allowing the public to buy and sell Bitcoin for cash. This makes London one of the leading cities for these machines globally.
UK Bitcoin based startup SatoshiPoint has just announced the installation of three Robocoin ATMs that will be live from Friday, May 30th. To celebrate, they are throwing a Bitcoin bash. This official launch party will be on the same Friday at Old Street Tube location Nincomsoup, starting from 6pm.
A second launch party will be held a little later, to celebrate the opening of Bristol’s first ATM location on the the 3rd of June. The arrival of these Robocoin machines represent SatoshiPoint’s first. The company plans to import further machines, with a focus on operating full size commercial grade machines that allow the general public to both buy and sell bitcoins for physical cash in seconds quickly and simply.
The machines will be located at Old Street, Nincomsoup, located within Old St Tube station AKA Silicon roundabout. Also, Oxford Street Rathbone News, Rathbone Place, London W1T 1JS – Closest tube Tottenham Court Road. And, Bristol City Centre, SuperFoods 25-27 St Stephens Street, Bristol, BS1 1JX.
These are second generation Robocoin machines that include a passport scanner (a UK first) as well as biometric palm reader and driving licence reader. These security features will not be implemented from day one but are in place to future proof the machines and make sure they comply with any future regulatory requirements.
SatoshiPoint is a founding member of the UK Digital Currency Association. Managing director Jonathan James Harrison says:
“SatoshiPoint wants to take Bitcoin mainstream in 2014 and believes that Bitcoin ATMs are essential in making this a reality. Bitcoin ATMs provide a familiar and consistent way for normal people to get hold of bitcoin fast, or sell it quickly for real world physical cash.”
SatoshiPoint has been funded by its two director-shareholders Jonathan Harrison and Hassan Khoshtaghaza. The two plan to scale up quickly and roll out more machines nationwide in other major cities. Investors will soon have the opportunity to invest in Satoshipoint Ltd with either bitcoin or sterling in return for real shares in the company.
The company has been through Bank to the Future’s business crowdfunding program and is looking to raise £150,000 to fund rapid expansion. Satoshipoint has already been approved by HMRC for the Seed Enterprise Investment Scheme (SEIS) which allows private investors to offset money invested in Satoshipoint against their personal income tax or capital gains tax.
Anyone interested in attending either of the free opening party events should RSVP the organisers here. They promise to be a lot of fun for all to mark this momentous occasion.
The BlueCoin Phenomenon
BlueCoin is very serious about their chosen theme. Taking cue from the cultural antics of the Dogecoin community, the founders of BlueCoin have been trying to give it something of a personality. They announced an official BlueCoin afterparty to ...read more
Ripple Labs CTO Designs Smart Contracts
Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set ...read more
American court stops Mt. Gox from auctioning Bitcoin domain
A United States court issued a temporary order to forbid the sale of the domain Bitcoins.com, which is still owned by the CEO of the defunct cryptocurrency exchange Mt. Gox. Mark Karpeles announced the auctioning of the domain two weeks ago. The injuction ...read more
New York-based Coinsetter evolves to “full US Bitcoin exchange”
Following the recent presentation of the first BitLicense draft, the Bitcoin-related set of rules that will regulate the crypto-economy in New York, the local exchange Coinsetter announced its evolution from beta stage to “full US Bitcoin exchange”. “Today, we’re pleased ...read more
Building a Bitcoin Economy: How to Close the Loop
This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/ If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first ...read more
#OffTheCouch: Award-winning Film Could Bring Bitcoin to 1,000 High Schools
The Corporation Film’s Crypto Challenge from Hello Cool World on Vimeo. For its 10th year anniversary, “The Corporation” is raising money for a re-release shown to 1,000 schools across North America. Their original fiat campaign closed at $30,000, and they’re ...read more