Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency.
The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs but have scanners to read government-issued identification such as a driver’s license or a passport to confirm users’ identities.
The ATMs will allow people to swap bitcoin for cash, or deposit cash to buy more bitcoin by transferring funds to or from a virtual wallet on their smartphones.
Though based in Las Vegas, Robocoin’s only current bitcoin ATM is located in Vancouver, and a second machine is expected to begin operation in Calgary before the end of February. Robocoin also plans to expand its operations to Europe and Asia sometime after the Seattle and Austin machines are brought online.
15:14 // 3 weeks ago
Sen. Rand Paul filed a class-action lawsuit Wednesday against the Obama administration for violating the privacy rights of millions of Americans.
Paul, the junior Republican senator from Kentucky, called it the largest class-action suit ever filed on behalf of the Bill of Rights.
He and FreedomWorks, the co-plaintiff in the case, have named President Obama, Director of National Intelligence James Clapper and National Security Agency (NSA) Director Keith Alexander among the defendants.
Paul filed the suit as a private citizen, rather than on behalf of his constituents from the state of Kentucky, and the senator has hired former Virginia gubernatorial candidate Ken Cuccinelli to represent him in court. A judge has not been assigned to the case at this time, but is expected to be in the next few days.
14:53 // 3 weeks ago