Another Bitcoin ATM machine pops up, but is it for real?

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San Diego (USA) is the first place to display a Bitcoin ATM machine. The device was recently set up for a press day in a hotel and drawn everybody’s curiosity.

After the digital currency boom, which happened about two months ago due to the Cyprus bank crisis revelation, an entrepreneur from San Diego announced his plans to build an ATM machine based on Bitcoin. This could be a great solution if a banking crisis hit the USA or any other country. Just imagine the possibilities…

Jeff Berwick claims his team has built a bi-lateral device, which allows customers to deposit their money, but also withdraw cash, and then exchange it for Bitcoins. The machine’s presentation was televised and there’s a video you can watch here.

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Don’t look so amazed. This is not the first time we talk about a Bitcoin ATM machine, since 99Bitcoins already approached the theme here.

Besides, this San Diego-based project is wrapped in some mystery, since it’s quite difficult to get a hold of the creators of the device, according to the many websites that tried to talk to them. And the fact that Jeff Berwick was kicked out of the project if not helping, as well.

So, after all the demos and promises, we’re still waiting to see a real ATM machine that works with Bitcoins. Maybe in a few months! At least, that’s what the experts are predicting.

Via motherboard.vice.com

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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