Australian technology company Diamond Circle claims to have created a cashless ATM that can handle bitcoin transactions.
Bitcoins are a cryptocurrency introduced in 2009.
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.