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Australian Manufacturer Debuts First Cashless Bitcoin ATM

Monday 24th, March 2014 / 17:06
Australian Manufacturer Debuts First Cashless Bitcoin ATM

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An Australian company says it has produced one of bitcoin’s holy grails: a cashless ATM that allows users to buy bitcoins using a credit card, and sell bitcoins via a direct deposit to their bank account.

The first fully functional Diamond Circle ATM arrived from its manufacturer in Brisbane this week. Unlike competing ATMs and vending machines that rely on QR codes and cash, Diamond Circle’s solution is based on near-field communication (NFC) technology with paper receipt backups.

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