Virtual currency Bitcoin ATM arrives in Boston (Update)

February 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: 'World's first' bitcoin ATM opens in Canada

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