First BitCoin ATM will appear in Canada

First BitCoin ATM will appear in Canada

It looks like the internet currency is going to make inroads as an alternative ‘currency’ of choice in Canada. Canada, will be the first to embrace this currency with an ATM machine. As Wired reports, the first machine will be installed outside a coffee shop in Vancouver. It will allow members to exchange their C$ to Bitcoin and vice versa.

Robocoin

The ATM machine comes from Navada based Robocoin and will check check your identity using palm prints, photographs, and ID verification, and will only allow for a maximum of CAD$3,000 (around $2,700) worth of transactions per user per day.