Lamassu Announces Sale of 100th Bitcoin ATM

[Keith and stuff]

The Manchester based Lamassu company has now sold 100 Bitcoin Machines. You might have seen these machines before. The prototype was demonstrated at liberty events in Keene, Manchester and Nashua, NH. It debuted at the International Students for Liberty Conference in DC.


Here is 1 of the owners demonstrating the prototype at Liberty Forum 2013, an event where many of the participants made thousands of dollars.

Lamassu Announces Sale of 100th Bitcoin ATM
Nermin Hajdarbegovic | Published on December 30, 2013 at 11:25 GMT | Merchants, News, Technology

Manufacturer Lamassu is ending 2013 on a high. The company has just announced the sale of its 100th bitcoin ATM, and more than 120 orders.

To mark the occasion, Lamassu has set up an online map of bitcoin ATM locations that will be updated as new units go live across the globe.

More than a dozen ATMs have been delivered so far, and the rest of the orders will be fulfilled by Spring 2014. Zach Harvey, Lamassu’s CEO, said:

“We’ve had orders from all over the world. We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan. We’ve translated our user interface into more than a dozen languages including Russian, Chinese and Friulian. To me it’s a testament to the global reach of bitcoin.”

Lamassu started taking pre-orders for its first bitcoin ATM in August at a price of $5,000 per unit. The ATM has a relatively small footprint, it can process fiat to bitcoin transactions in under fifteen seconds and it accepts notes from more than 200 countries. More importantly, it is one of just a few practical bitcoin ATMs available today.

Earlier this month, Finnish company Bittiraha.fi installed the first permanent Lamassu ATM inside a Helsinki record store. Although bitcoin ATMs have popped up in several European cities before the Finns got their first unit, none of these were permanent installations.

Harvey said it is always exciting for a young startup to watch its sales ramp up, but the really thrilling part of the story is that these ATMs should provide millions of people with effortless access to bitcoin every day.

But with just a hundred units out there, it might take a while before you see a Lamassu bitcoin ATM in your neighbourhood.

Lamassu will demonstrate its ATM at the Consumer Electronics Show in Las Vegas next Sunday. The company expects additional machines to be set up throughout Europe and the Americas over the next few weeks at some major cities, including: San Francisco, Atlanta and Seattle.

Here is the map. See if one is in a city near you. https://lamassu.is/maps/ 1 needs to be sold in Africa so all of the populated continents have them.

 

[muh_roads]

Well done NH.

 

[Keith and stuff]

Well done NH.

Well, 1 actually hasn't been sold to someone in NH yet. Though, I don't feel like I need to buy 1 since I already have access to 1. What a situation...

 

[muh_roads]

Well, 1 actually hasn't been sold to someone in NH yet. Though, I don't feel like I need to buy 1 since I already have access to 1. What a situation...

I just meant I'm familiar with knowing Josh, Zach, and Matt are apart of the Free State Project.

You folks are really kicking ass up there.

 

[Keith and stuff]

Another article on this.


Bitcoin ATMs Are Spreading Across the World
Brian Patrick Eha
BY Brian Patrick Eha | December 30, 2013
http://www.entrepreneur.com/article/230589

Sometimes the future can sneak up on you. Like when you find out that a startup incorporated in the British Virgin Islands, whose employees live in New Hampshire and whose products are made in Portugal, is selling digital-currency ATMs to Saudi Arabia and Singapore.

These are only two of the countries that have purchased Bitcoin ATMs from manufacturer Lamassu, which announced Monday that it had sold 120 of the machines to customers all over the world. A map Lamassu created to mark the occasion, showing the far-flung sales locations of its Bitcoin ATMs, not coincidentally illustrates the global appeal of Bitcoin.

Zach Harvey, Lamassu's chief executive, said as much in a press release. "We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we've translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian," Harvey said.

In October 2013, another company, Robocoin, made headlines for its Bitcoin ATM, said to be the first in the world that was available to the public, when one of its machines was installed in a coffee house in Vancouver. Within its first month in operation, the ATM had processed more than CAD$1 million in transactions.

Robocoin's machine, which costs $20,000, or four to five times as much as Lamassu's (the company offers price discounts for bulk orders), allows users both to buy bitcoins with paper bills and to withdraw cash by selling bitcoins. Lamassu's table-top ATM, which is much more compact than Robocoin's kiosk, cannot provide cash in exchange for bitcoins, only the other way around.

Although Bitcoin ATMs are still in their infancy, they already represent a contentious space, in which each company is jealous of its claim to fame. After Business Insider Australia reported Monday that a company called 21st Century Bitcoin Exchange was setting up the first Bitcoin ATM in Australia, Lamassu corrected the news site on Twitter, saying it had already installed one of its own ATMs in Melbourne, with "about 15 more on their way."

Lamassu will be presenting its Bitcoin ATM for trial use at the CES Startup Debut event in Las Vegas on January 5, prior to the Consumer Electronics Show that will kick off two days later. After one of Lamassu's machines was installed in Bratislava, Slovakia, a local man named Juraj Bednár created a YouTube video demonstrating how easy it is to use.

"It's always exciting for a young startup to have sales ramp up," Harvey said in the release. "But what's really thrilling for us is to know that these will be out in the wild, providing millions of people with effortless access to Bitcoin every single day."

 

[amonasro]

I see him insert $20, get .6 BTC and say, "Wait, what? Where can I get one of those??"

Awesome that this is finally taking off!

 

[kyocoin]

I can see Bitcoin is quite popular in the Europe region, But US took all the points for first starter. With this year(2014)'s crash of Bitcoin's it will be more safer to keep your coins and money in sync. Regular transactions and sell can help it to keep out of danger. After MtGox vanished, we all understood this clearly this market of Bitcoin or electric currency is still unstable. So, this is how i think i can keep my coins and cash safe. If there's any more good ideas, let me know. By the way, i am from Tampa, Florida those who lives in my region can get the hybrid ATM service, Use this Bitcoin ATM to help yourself.