BitAccess to Launch First Bitcoin Teller Machine in San Francisco
| Updated by Egor Pavlovich · 1 min read Photo: bitaccess.co
The Workshop Café, located in San Francisco’s financial district, will be the city’s first location for a BitAccess Bitcoin Teller Machine (BTM).
The Workshop Café, located in San Francisco’s financial district, will be the city’s first location for a BitAccess Bitcoin Teller Machine (BTM).
With a market capitalization of over $6 billion, bitcoin has become the world’s most popular digital currency.
However, it is still challenging for the average user to convert cash into bitcoin – or bitcoin into cash. With the BitAccess BTM, users with a mobile phone are able to buy or sell bitcoin in under a minute.
The Workshop Café is a coworking space, meeting center and coffee shop. The BTM will be permanently installed at the front of the café, near the entrance.
This launch is an early step in a partnership between BitAccess, which builds BTM hardware and software, and US operator Zenbox. Over the next few months, Zenbox will launch BitAccess machines all across the United States.
Egor Pavlovich is CTO of Coinspeaker and a major bitcoin enthusiast. Egor is a specialist in radiophysics and is a keen follower of new and disruptive technologies – from the first moment he discovered bitcoin he knew immediately it was something special. After beginning a bitcoin mining operation he combined forces with Siarhei in 2014 to build professional provider of news for the cryptocurrency/blockchain community. His roles at the site include monitoring analytics, handling the site’s public relations campaigns, overseeing the editorial content in an executive capacity as well as dealing with advertisers and sponsors. You can contact Egor via [email protected]
Blue Ridge Bankshares noted it is working with the duo of BluePoint, a national ATM operator, and LibertyX, a Bitcoin ATM software provider, to enable Bitcoin purchase and redemption at 19 of its machines in the United States.
