Home > Brisbane company creates bitcoin ATMs

Brisbane company creates bitcoin ATMs

article image

Australian technology company Diamond Circle claims to have created a cashless ATM that can handle bitcoin transactions.


Bitcoins are a cryptocurrency introduced in 2009.

CoinDesk reports that the Diamond Cicle’s new machine can sell bitcoins to a customer to buy or sell bitcoins using their credit card (Visa or MasterCard) or bank account.


Brisbane-based Diamond Circle was founded by financial technology industry veteran Stephen Rowlison.


Rowlison’s company uses near-field communications and paper receipts in its machines, rather than Quick Response codes.


According to Crypto Coins News, Rowlison said, “What I’ve really done is brought together two existing technologies: contactless NFC and BTC. QR code payments have been outlawed in China and have no inbuilt card security, which is why using contactless technology makes so much sense.”


The machines, which Diamond Circle calls “BTMs” are listed for sale on the company’s websitefor $12,900.


Image: http://diamondcircle.net/

Newsletter sign-up

The latest products and news delivered to your inbox