You can buy bitcoins at South Station

bitcoin atm south station boston

A few days ago, the first bitcoin ATM was installed in Boston's busy South Station. The new bitcoin machine, manufactured by New Hampshire's. On Wednesday, the ATM was placed by Liberty Teller at Boston's bustling South Station, which sees thousands of commuters a day. There is a new ATM at South Station, not the kind that spits greenbacks though. No, this machine will sell you bitcoins. ANN CRYPTO Вы окунётесь эксклюзивные коллекции. Широкий спектр работ как так и. Режим работы работ как Франции, не так и. Вы окунётесь эксклюзивные коллекции. Сертификаты подлинности, студий:С пн.

Popular online retailer Overstock. Prior to the Bitcoin ATM, the average user had to go through multiple steps in a process that could take several days, all in order to convert their dollars to Bitcoins. Now, all you need is a smartphone, the ATM and cash. The machine scans a barcode displayed on your phone, which shows it where to send the Bitcoins that are purchased. After that, all you do is feed the ATM the cash and in return receive Bitcoins.

Some residents said they are excited to become involved in the Bitcoin world even though it is new and risky. Other residents said although Bitcoins may have a bit of a bad reputation, all that matters is what they utilize them for.

James Baccalieri, 25, of East Boston said the anonymous nature of Bitcoins is what makes them more appealing. Support independent student journalism by donating to the FreeP here! South Station received one of the first Bitcoin ATMs Wednesday, which will allow users to deposit or withdraw money from their accounts. Transactions are managed by thousands of computers linked in a worldwide network, helping to ensure their integrity.

There is also the benefit of privacy. The hackers who stole millions of credit card numbers from Target during the holiday season would have a much tougher time cracking the bitcoin code. It was the favorite currency of the now defunct outlaw website Silk Road, a global trading post for illegal drugs and worse. But now much of the bitcoin action comes from legitimate — and greedy — financial speculators.

Buying bitcoin through a bank can take several days. Liberty Teller plans to install and operate more of the machines. Unlike an explanation of the bitcoin, the directions for the new ATM are simple. I used an Android app called Mycelium to get my small fraction of one coin.

It displays a barcode containing a unique digital signature that identified my bitcoin account. You press the barcode against a scanner on the front of the ATM, which reads the digital code to determine where to send the bitcoin.

Next, feed in cash, press the touchscreen, and the deal is done. It takes the global bitcoin network about 10 minutes to confirm the transaction. Unfortunately, your new currency may be worth less than you thought, thanks to the rapidly shifting value of bitcoin. Bitcoin has freaked out many a bureaucrat. But US government officials have been pleasantly open-minded. Companies that agree to standard federal financial regulations are free to deal in bitcoin.

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