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Bitcoin ATMs Coming to Las Vegas

Just a few weeks after The D and the Golden Gate announced they would accept the popular digital currency, Bitcoin is making news again as Las Vegas-based Robocoin announced they will be rolling out Bitcoin ATMs in Las Vegas, Austin and Seattle later this month.

Bitcoin coins

The ATMs will allow Bitcoin users to swap Bitcoin for cash or deposit cash to buy more Bitcoin by transferring funds to or from a virtual wallet on smartphones. The ATMs will feature scanners that will confirm customers’ identities by requiring a driver’s license or passport.

According to Reuters, the Robocoin machines will be the first Bitcoin ATMs in the U.S.

Bitcoin was launched in 2008 and is publicly traded, but its value has varied considerably in recent years. A bitcoin is currently worth about $636, but its value has fluctuated as the currency’s brand recognition has increased. In December, its value was nearly $1,000.

Robocoin installed its first bitcoin ATM in Vancouver last fall and has plans to install ATMs in Asia and Europe.