London First Bitcoin ATM, Coming Soon

Photo Credit: Tourist Destinations


Three companies are still competing who to install London’s first bitcoin ATM in the coming weeks.

The firm with the most ambitious plan is Global Bitcoin ATM Ltd. The bootstrapped startup plans to install five machines per month in the UK, starting in London. It eventually plans to install machines globally, according to its spokesperson, Terry James.

Global Bitcoin says it has a high street location somewhere in central London in mind for its first machine, a Robocoin unit, which it expects to receive and install in early February.

The first bitcoin ATM was installed in Vancouver at the end of October. That Robocoin unit reportedly accepted more than CA$1m in deposits in its first 29 days of operation, putting the business in the spotlight.


More news here.


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