{"id":28466,"date":"2014-07-02T04:33:39","date_gmt":"2014-07-02T04:33:39","guid":{"rendered":"http:\/\/ci027cfe6dd0082697"},"modified":"2014-07-02T04:33:39","modified_gmt":"2014-07-02T04:33:39","slug":"atms-vancouver-1404257619","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/atms-vancouver-1404257619","title":{"rendered":"The ATMs of Vancouver"},"content":{"rendered":"
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Cryptocurrency had a lot of firsts in Vancouver, but nothing brought more media attention than the world\u2019s first Bitcoin ATM. Installed by the Bitcoiniacs (now CoinTrader) in partnership with Robocoin, it found its home in a Waves Coffee House. Originally signed onto Bitcoin by the Bitcoin Co-op, CoinTrader soon moved in and made it their Bitcoin headquarters, which it still is, today!<\/p>\n

Although traffic has dwindled since the famous launch event, Waves continues to be one of Vancouver\u2019s Bitcoin hot-spots. It held one of CoinFest\u2019s most popular events\u2013the mining and hardware demonstration\u2013where they also unveiled the world\u2019s first Dogecoin ATM<\/a>. The jury is out on whether they\u2019ll ever bring another Bitcoin ATM to Vancouver, but if they do, you\u2019ll probably see it on the news.<\/p>\n

The competition is fierce, however! Before most cities could get their own Bitcoin ATM, Vancouver quickly had its second, a Lamassu model. A new exchange called QuadrigaCX stepped up to the plate in full gear, ordering over 100 of the ATMs for resale. Although they can only do 1-way Bitcoin transactions, their cheaper price and portability made them a popular choice, and they have popped up all over the city: A steamed burrito restaurant called Steamrollers, a cafe called Lost and Found, a permanent one at their office building, and more around the country.<\/p>\n

Still not content, the directors of QuadrigaCX then acquired dozens of Skyhook-model Bitcoin ATMs, which have proven even cheaper and more portable, although slower to use. None have yet been permanently placed\u2013which almost makes sense for such a compact machine\u2013but this is soon to change, given the ATM Partnership Program<\/a> they\u2019ve announced. Any physical venue accepting Bitcoin can get one of their QuadrigaCX-brand ATMs, earning a share of the revenue and a new source of customers. In this manner, they hope to spread Bitcoin adoption even further.<\/p>\n

Others have followed in their foot steps, and acquired 1-way ATMs of their own. The Co-op launched a traveling ATM project<\/a>, although that appears to be on hold for the time being. Meanwhile, Newnote Financial has brought a Lamassu ATM to BCIT campus<\/a>, home of the second Bitcoin student club on Vancouver\u2019s cryptocurrency scene. They are one of British Columbia\u2019s most prominent technical schools, home to many technophiles. Newnote Financial has 4 more Lamassu ATMs on the way, but mum\u2019s the word on their planned locations (if any).<\/p>\n

Given the Bitcoin-friendly environment Vancouver has become, ATMs are now almost mainstream as a business idea. As such, new operators are arriving from outside Vancouver\u2019s established cryptocurrency scene, and it\u2019s sometimes hard to predict where. Vancouver\u2019s 2nd Robocoin ATM<\/a> arrived with little warning to the community, in direct competition with CoinTrader. Although the restaurant holding it is open 24\/7, it does not yet accept Bitcoin, and hasn\u2019t garnered the same level of publicity. The operators, claim, however, to have more plans underway.<\/p>\n

As the battle of the ATMs rages on, ATM fees continue to drop. Many future ATM operators are likely holding their cards close, to keep their plans hidden from competitors. Rumors abound about more announcements from QuadrigaCX, Logicoins, CAVirtEx and others, but nobody knows what or when. It\u2019s safe to say, though, that Bitcoin ATMs will soon be ubiquitous in Vancouver city, which is fitting for one of the world\u2019s premier cryptocurrency hubs. If that seems like a bold claim, you\u2019re welcome to come see for yourself.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency had a lot of firsts in Vancouver, but nothing brought more media attention than the world\u2019s first Bitcoin ATM. Installed by the Bitcoiniacs (now CoinTrader) in partnership with Robocoin, it found its home in a Waves Coffee House. Originally signed onto Bitcoin by the Bitcoin Co-op, CoinTrader soon moved in and made it their […]<\/p>\n","protected":false},"author":3569,"featured_media":28465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[2124,3209,3550],"class_list":["post-28466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-atms","tag-quadrigacx","tag-vancouver"],"author_data":{"id":3569,"name":"Andrew Wagner","nicename":"andrew-wagner","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/cropped-bitcoin-schmitcoin-promo-image-1-2-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/the-atms-of-vancouver.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/28466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3569"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=28466"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/28466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/28465"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=28466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=28466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=28466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}