New Mexico Has The First Bitcoin Vending machine

 

Albuquerque, New Mexico has the first bitcoin vending machine located in a cigar shop. The vending machine allows people to insert cash  for a  digital stash of the increasingly popular cryptocurrency. A  Bitcoin may soon be in the making. Robocoin, a Las Vegas-based company that installed its first Bitcoin ATM in Vancouver last year, has said it intends to install the first U.S. Bitcoin ATMs later this month. The Robocoin machines allow for both cash-to-Bitcoin and Bitcoin-to-cash transactions. Prospective Bitcoin vending machine operators have been trying to bring the devices to New York and San Francisco, for some time, but they’ve faced regulatory hurdles.

Aside from Bitcoin’s reputation for use in illicit transactions, users of the  new Albuquerque machine should also beware because the price of Bitcoin has been extremely volatile during the past four months. It climbed to all-time highs in January before falling due to a system-wide glitches last week.