Brighton gets first bitcoin ATM

Posted On 21 Aug 2014 at 8:57 am
By :

Brighton’s first bitcoin ATM is being installed in a cafe in The Lanes today.

IMG_0071.JPGThe machine, which allows you to buy bitcoins using banknotes, will be unveiled at the Marwood Cafe on Ship Street later today.

What’s the point? Well firstly, it will allow you to buy a coffee and cake there as the cafe itself will now also accept bitcoin – joining a handful of Brighton businesses eager to embrace the virtual currency.

But it could also be a shrewd investment. If you’d bought £20 worth of bitcoin three years ago, it would have been worth £8,000 by the time Futurecoins installed their first machine at a cafe in Shoreditch in March this year.

And as Brighton is packed to the brims with digital pioneers and early adopters, it was the obvious next location.

Joel Raziel, Founder of Futurecoins, said: “There is such a strong counter-culture scene in Brighton we just knew it would be an area in which bitcoin would be jumped on.

“Also, the cheap remittance payments to Africa and future links to charitable donations all appeal to the strong local community.”

Customers are charged 2.5% cent commission from next month, and each ATM customer is limited to £1,000 of transactions per month.

  1. Rolivan Reply

    What will they think of NXT?

  2. Rolivan Reply

    What will they think of NXT?

  3. Bastian Reply

    Is there a payment processor for NXT yet? I doubt they want to keep the cryptos 🙁 I tried the ATM, it’s very easy to use. You just need a smartphone.

  4. Bastian Reply

    Is there a payment processor for NXT yet? I doubt they want to keep the cryptos 🙁 I tried the ATM, it’s very easy to use. You just need a smartphone.

  5. Graham Reply

    At the same time there’s also a launch party today for another ATM at Flawless t-shirts on Kensington Gardens: http://www.meetup.com/BitcoinBrighton/events/201902332/

    Check out http://bitcoinbrighton.com/ for more local news and to get involved.

  6. Graham Reply

    At the same time there’s also a launch party today for another ATM at Flawless t-shirts on Kensington Gardens: http://www.meetup.com/BitcoinBrighton/events/201902332/

    Check out http://bitcoinbrighton.com/ for more local news and to get involved.

  7. Brian Warren Reply

    Just played with the bitcoin ATM at Flawless Clothing in Kensington Gardens – really easy to use.

  8. Brian Warren Reply

    Just played with the bitcoin ATM at Flawless Clothing in Kensington Gardens – really easy to use.

Leave a Reply

*