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Lamassu Bitcoin ATM: Turn Cash into Bitcoins in Seconds

Bitcoin startup Lamassu Bitcoin Ventures has launched an ATM that turns cash into Bitcoin in under 15 seconds. In the video below, 3 simple steps are demonstrated:

Scan your Bitcoin QR code. Insert cash. Send Bitcoins.

The Lamassu Bitcoin machine was demonstrated at the BTC London conference as the first Bitcoin ATM ever outside the United States, reprogrammed of course to accept British sterling (GBP).

“The Bitcoin Machine was always meant as a global solution, and we’re thrilled to be able to demonstrate our machine in London, converting pounds sterling to Bitcoin,” said Lamassu co-founder Zach Harvey in a release on PR Web. “Talking about the economic and technological advantages of Bitcoin is a lot to wrap your head around, but experiencing the power of Bitcoin via our machine only takes six seconds. Even without prior knowledge of Bitcoin, it’s a wow factor.”

Here are the key features of the machine:

Fiat to Bitcoin in fifteen seconds

Accepts notes from over 200 countries

Compatible with leading exchanges, such as Mt.Gox and Bitstamp

Coded and audited by network security experts

Intuitive and simple user interface

Internal steel vault is securely bolted to wall, stand, or countertop

Web-based back end

Sub-second QR code scanning

License-free

Compact desktop size (13” W × 17” H × 10” D)

Lamassu has reportedly been contacted by more than 60 potential distributors in over 30 countries, including China, Canada, Libya, Cyprus, Kenya, Israel, the United Kingdom, Australia, Denmark and Switzerland, and expects production of the Bitcoin Machines to begin this fall.