Virtual currency Bitcoin ATM arrives in Boston (Update)

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.

© 2014 The Associated Press. All rights reserved.

Citation: Virtual currency Bitcoin ATM arrives in Boston (Update) (2014, February 20) retrieved 25 July 2024 from https://phys.org/news/2014-02-bitcoin-atm-boston-rail-hub.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Entrepreneur makes Bitcoin gift to US college

0 shares

Feedback to editors