California’s First Bitcoin ATM Is At Hacker Dojo –
California’s First Bitcoin ATM Is At Hacker Dojo -It’s official. California’s first Bitcoin ATM has found a home in Silicon Valley at The Hacker Dojo. We first heard the rumor and shared hints of the possibility that the Robocoin ATM that greeted attendees of 500 Startup’s BitcoinferenceВ last week might end up at Hacker Dojo. And we are happy to report that the first ever Bitcoin ATM in California is in Silicon Valley and taking orders! ! Mark Whelan, a growth hacker at Vizulux, was one of the first to use the machine, which is operated by Coinage, a Hacker Dojo startup, and manufactured by Robocoin. Coinage, LLC founded by Cary Peters and headquartered in Mountain View, CA is attempting, like many other Bitcoin ATM franchisers, to make Bitcoin more consumer friendly by operating kiosks which provide processing and clearing services among individuals buying and/or selling the stored value transactions that have come to be known as Bitcoins. I’mВ thrilled that Coinage’s ATM is housed at Hacker Dojo. -В Cary Peters, President of Coinage, LLC. Checking Out Coinage’s Bitcoin ATMUsing Robocoin’s Bitcoin ATM was…difficult. В But promising! В The technology is pretty new and we’re sure more user experience updates will be coming soon. В Follow The Coin got to try out the Bitcoin ATM at 500 Startups offices during Bitcoinference where it was available for people to authenticate themselves into the Robocoin system which would then enable users with the option to use the machine to buy Bitcoin with cash USD and alternatively to cash out Bitcoin for USD. В Fewer than 25 of these specific Robocoin units have been manufactured. В Robocoin ATMs address the security concerns of Bitcoin enthusiasts via a complex authentication system. The Robocoin Bitcoin ATM requires that users of the ATM provide several points of identification to authenticate the user and their transactions. In order to even use the machine, users will have to register with Robocoin to verify their identity and await confirmation to get valid clearance before they can actually transact on the machine. В In addition to choosing and using a standard PIN number of choice, theВ Robocoin ATM also requires biometric authentication in the form of a palm scan and a photo of the user’s face. В Lastly, you will also need to provide a phone number and a scan of a government-issued ID. Our review of the existing Robocoin machine’s user experience: the PIN creation pad is yet a bit too large on the screen of the ATM which is quite hard to coverВ for privacy at the moment; the palm reader is a tad more on the sensitive side and definitely a bit hard to figure out. You need to lay your hand on the reader rather than just have it scan it from within the mechanism and it will take a few tries to read your palm clearly. The photo taking ability is slightly biased to taller people with long arms and the ID reader only allows enough space for standard ID cards at the moment, the existing slot only provides enough space for an identification card, driver’s license or social security card for the time being which unfortunately excludes those only in possession of Passport or other form of government-issued ID toВ protect customers and prevent anti-money laundering. В But the future is looking bright and we can’t wait to see what Robocoin machines and the next generation of Bitcoin ATMs have to offer! There is room for improvement and if the popularity and rolling out of Bitcoin ATMs all over the globe is any indication, the potential of Bitcoin being the future of money seems to be very real, at least for now. Coinage along with other Robocoin Bitcoin franchisers, comply with the best practices from the Financial Crimes Enforcement Network of the U. S. Dept. of the Treasure and adheres to industry leading Anti-MoneyВ Laundering and Know Your Customer standards. The aim for Bitcoin ATM franchisers is to help strengthen the community of Bitcoin enthusiasts by having the Bitcoin ATM show people the power and ability to transact in Bitcoin, without the hefty fees as per the standard financial institutions and to also help facilitate a more transparent and secure way to obtain money or Bitcoins outside of the Bitcoin exchanges that have recently undergone scrutiny. Mark M. Whelan, using the Bitcoin ATM at Hacker Dojo – March 27, 2014Bitcoin has long been discussed as a possible currency of the future,В but has been criticized for its lack of accessibility for most people. Hacker Dojo and Bitcoin ATM companies are attempting to help cross this divide by making Bitcoin ATM’s available. Hacker Dojo loves to be п¬Ѓrst, and today we are at it again. – В Brian Rouch, the ExecutiveВ Director of Hacker Dojo. Hacker Dojo is the world’s largest nonproп¬Ѓt hackerspace, where coders can come together and work on projects any time of the day or week.. Loosely described as one part eventsВ space, one part co-working and one part big social living room,в The Dojo which is increasingly bridging the divide between technical and non-technical business entrepreneurs by encouraging collaboration between the two through their companies in residence was founded in 2009 by a founding team that included David Weekly and Jeff Lindsay. Located in the heart of Silicon Valley in Mountain View, CA, the Hacker Dojo, commonly referred to as The Dojo,вВ has grown more than eight times in membership and four times in space in the last five years. Hacker Dojo doesn’t choose winners and losers. Because we don’t invest, we retain anВ objective position while still working extremely hard to make all of our startups successful. ” Brian RouchSo there you have it folks, the first Bitcoin ATM in California is now available and ready for your support at the Hacker Dojo. Go check it out. Get some cash or Bitcoin. Get registered. And while you’re at it, also check out the Hacker Dojo and its wonderful community and resources.
