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Gallery: Robocoin Debuts its First Bitcoin ATM in China
Despite uncertainty lingering in China, the local ecosystem recently celebrated the arrival of the first Robocoin ATM.
Las Vegas-based online bitcoin banking provider and ATM manufacturer Robocoin has debuted its first machine in China.
STORY CONTINUES BELOW
indicates that Chinese consumers can now buy and sell bitcoin for Chinese yuan at Beijing's Satoshi Plaza – a 1,000-square-meter bitcoin meetup space and incubator.
Commenting on the announcement, CEO Jordan Kelly stressed the effort needed to bring the unit to China, saying:
"Our Chinese partners have gone through great lengths to provide Bitcoin enthusiasts and newcomers the easiest and fastest access to bitcoin in the most compliant way. We seek to meet all regulatory requirements and hope that we can continue to prosper in China."
The acceptance of Chinese yuan marks the 13th currency used to date in a Robocoin bitcoin ATM.
The launch is notable as Robocoin has faced obstacles installing units in Asia.
Taiwanese regulators moved to block the installation of Robocoin ATMs this January. At the time, government officials indicated that the installation of bitcoin ATMs would require approval from the country's Financial Supervisory Commission. Today, however, one Lamassu machine is reportedly operational.
The Robocoin unit is also not the first bitcoin ATM in the country. That honor was designated to a unit made by Robocoin rival Lamassu and operated by BTC China in Shanghai.
To find more bitcoin ATM locations in your area, check out the official CoinDesk Bitcoin ATM Map.
Images via Robocoin
Pete Rizzo
Pete Rizzo was CoinDesk's editor-in-chief until September 2019. Prior to joining CoinDesk in 2013, he was an editor at payments news source PYMNTS.com.
