This story was originally posted on October 27, 2014.
Here’s the original write-up:
Are these Bitcoin ATMs really the future of money? Mike Piri of
Bitcoin Agents and MyLocalBitcoinATM.com
thinks so.“We put it in these places because […] people pass by them
every day, they see it, maybe they’ll become curious, maybe they’ll
buy ten dollars,” says Piri, who installed a Bitcoin ATM at
HandleBar in downtown Austin, TX.Bitcoin is a decentralized digital currency that can be used
online or wherever Bitcoin is accepted. Users can add or withdraw
cash from their Bitcoin wallet (a QR code found on their phone)
after scanning their government-issued identification and the palms
of their hands.Piri admits that the ATMs are not a profitable business right
now but machines like his work to popularize and mainstream
cryptocurrency.“It’s person to person,” says Piri. “That’s what’s great about
it.”Produced by Paul Detrick.
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