http://www.vegasinc.com/business/ga...gas-strips-first-bitcoin-atm-becomes-operati/
Tucked inside a gift shop on a modest stretch of Las Vegas Boulevard South, a new way for visitors to get cash went live today: the Strip’s first bitcoin ATM.
As with a regular ATM, people who use this bitcoin version can deposit funds into online accounts or withdraw cash. But instead of using a debit card to access a bank account, customers can convert their cash to bitcoins or vice versa by inputting their phone number and PIN number and verifying their identity via a palm-print scanner.
Bitcoin, a digital version of money, is not backed by any country and takes no physical form. It can be cashed out into standard currency, however.
Bitcoin's exchange value can vary literally minute by minute. Around 4:30 p.m. Wednesday, one bitcoin was worth about $560, according to a conversion website.
The new machine is located at 3735 Las Vegas Blvd. South, near the Travelodge just south of Harmon Avenue. A bitcoin account is required to use the machine, but accounts can be created using the machine.
Tucked inside a gift shop on a modest stretch of Las Vegas Boulevard South, a new way for visitors to get cash went live today: the Strip’s first bitcoin ATM.
As with a regular ATM, people who use this bitcoin version can deposit funds into online accounts or withdraw cash. But instead of using a debit card to access a bank account, customers can convert their cash to bitcoins or vice versa by inputting their phone number and PIN number and verifying their identity via a palm-print scanner.
Bitcoin, a digital version of money, is not backed by any country and takes no physical form. It can be cashed out into standard currency, however.
Bitcoin's exchange value can vary literally minute by minute. Around 4:30 p.m. Wednesday, one bitcoin was worth about $560, according to a conversion website.
The new machine is located at 3735 Las Vegas Blvd. South, near the Travelodge just south of Harmon Avenue. A bitcoin account is required to use the machine, but accounts can be created using the machine.
