Virtual currency Bitcoin ATM arrives in Boston (Update)

Feb 20, 2014

A Bitcoin ATM has landed at a Boston rail hub, allowing commuters to learn about the digital currency.

On Wednesday, the ATM was placed by Liberty Teller at Boston's bustling South Station, which sees thousands of commuters a day. It and an ATM in Albuquerque, New Mexico, are believed to be the first in the country.

Liberty Teller founder Kyle Powers says the ATM gives people the chance to learn about the volatile currency, because after buying some, they can watch a company tutorial on its use.

Co-founder Chris Yim says the money can be stored in a virtual wallet and used at online retailers in place of cash or credit cards.

Bitcoin is an open-source currency affiliated with no country or bank, which can be bought and sold anonymously.

Explore further: Entrepreneur makes Bitcoin gift to US college

1 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

Entrepreneur makes Bitcoin gift to US college

Feb 19, 2014

In what may be the first college donation of the new electronic currency, a Bitcoin entrepreneur has made a $10,000 virtual donation to a Washington state liberal arts college.

Winklevosses make their own Bitcoin index

Feb 19, 2014

Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

Recommended for you

WikiLeaks accuses Google of handing over emails to US

16 hours ago

Whistleblowing site WikiLeaks on Monday accused Google of handing over the emails and electronic data of its senior staff to the US authorities without providing notification until almost three years later.

Turkish court orders Facebook pages blocked

23 hours ago

Turkey's state-run news agency says a court has ordered authorities to block access in the country to Facebook pages that "insult" the Prophet Muhammad, in the latest move to censor the Internet.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.