Bitcoin Kiosks Coming To 5 Canadian Cities

dreamstateseven writes "Canadian Bitcoin enthusiasts will be able to exchange Canadian cash for the digital currency through a kiosk that's similar to an ATM. Bitcoiniacs says it has ordered five Bitcoin kiosks from a Las Vegas-based company called RoboCoin and intends to roll them out across Canada in the coming months, with the first machine expected to land in Vancouver in early October. The kiosks allow users to select how much money they would like to spend, insert cash into the machine and then scan a QR code on their phone to transfer the Bitcoins to their wallet."

Re:Lacking faith in the currency?

[edmanet]

They have to buy bitcoins in order to sell them, right? While I don't see the need for a bitcoin ATM, I do believe bitcoin is useful to the internet economy as a good method for micro payments. If Paypal or Google created this crypto coin idea, people would probably be more accepting and the conversion rate to fiat currency would stabilize. That's my .0002btc

It will be interesting to see if they can do it

[Karmashock]

The real trick here will be to get a two way system of CASH to bitcoins. From a physical untraceable medium of exchange to a digital one.

Many governments of course have a problem with it. We'll see what happens.

I am of two minds about it.

I think the average person should be able to do this sort of thing. I also want the government to be able to track and trace this stuff if they really need to do it.

I guess, I want there to be some way to track it but I want it to be complicated, time consuming, and generally not worth it unless they REALLY want to know. If there were some terrorists going to blow up thousands of people... I'd want there to be a way to stop that. But I generally want to be personally left alone to do what I want.