#bitcoiniacs

The ATM and the Battle for Bitcoin’s Physical Interface

Bitcoin ATMs are a coveted sector that is rapidly becoming crowded with expanding incumbents and strong new players.

Romania Grows A Bitcoin Ecosystem

The legendary home of Count Dracula and Frankenstein is becoming known not only as a high tech centre in Europe but as a new country growing a Bitcoin ecosystem.

Former Soviet Colony

Like Kyrgyzstan which has central Asia’s first BTM, Romania is a former Soviet Russian colony that experienced economic instability and decline after the fall of the Iron Curtain.

After establishing a government and…

First machine to accept bitcoins and return cash launched in Singapore

By Rachael Boon, straitstimes.com

Singapore’s first machine that can accept bitcoins and return cash opened at Bartini Kitchen in Boon Tat Street on Monday.

It was set up by Mr David Moskowitz, the Singapore-based founder of bitcoin exchange Coin Republic, and Vancouver-based Bitcoiniacs.

The machine will provide another option for people who want to transact in bitcoins but prefer to deal in smaller amounts or do not want to go through the bitcoin exchanges. Mr Moskowitz said.

Vancouver ATM Operator Wants to Leave Bitstamp Following Breakdown

By Joon Ian Wong, Coindesk.com

Customers were unable to buy bitcoin from Vancouver’s bitcoin ATM last weekend because its operator was unable to clear a backlog of buy orders.

The machine’s operator, Bitcoiniacs, said the problem arose because the ATM relies on Bitstamp to clear its orders, and the exchange had allowed orders amounting to more than 45 BTC to pile up without being processed.

Bitcoin store opens in Kelowna

22 November 2013 | By Wayne Moore | castanet.net

It could be the currency of the future – or a passing fad.

Bitcoins, described by creators as “the simplest way to exchange money at very low cost,” has come to the Okanagan.

Bitcoiniacs, a Vancouver-based bitcoin broker, has established a walk-in storefront location in Kelowna.

The store, at Ellis Street and Cawston Avenue in the arts district, will begin buying and selling bitcoins Saturday.

According to store manager, Mark Kohlen, it can take up to two weeks for transactions to be completed on-line, but in person it takes minutes.

The store will also feature the world’s second bitcoin ATM in about a week.

For those uneducated in the world of bitcoins, the on-line, peer-to-peer currency came about in 2008.

Bit of a mystery, a whole lot of interest

15 November 2013 | business-standard.com

There was sharp interest across the globe when three teenagers who run a company called Bitcoiniacs installed an automated telling machine, or ATM, in a coffee shop in Vancouver. The media’s interest was not misplaced – the ATM saw a large number of transactions of over Can$100,000 in less than a week. The financial exchanges over the ATM involved bitcoins (BTCs).

Bitcoins? What on earth are these? Well, actually bitcoins don’t exist on earth, and that is probably the reason why the ATM did so well. Curiosity kills the capitalist mind as well as it does the cat. Bitcoiniacs reported that a majority of the people queuing up at the ATM are first-time bitcoin flirts, those who had vaguely heard of bitcoins and had congregated at the coffee shop to find out what they are all about.

First Bitcoin ATM opens in Vancouver coffee shop

29 October 2013 | By Alexandra Posadzki | thestar.com

The first time Ryan Johnson bought Bitcoins — an emerging digital currency that isn’t controlled by any authority such as a central bank — it was with a pocket full of cash from a stranger he had met online.

“It was almost like a sketchy drug deal,” recalls the 31-year-old Vancouver resident.

Since that first transaction in January, Johnson has been exchanging his Canadian cash for digital currency at Bitcoiniacs, a shop in Vancouver that acts like a Bitcoin broker.

Bitcoin ATM Debuting in Canada Also: What the Hell is a Bitcoin?

29 October 2013 | By Chandler Smith | bitcoinmagazine.com

A Canadian bitcoin trading company called Bitcoiniacs is encourage trading and selling through the availability of the first bitcoin ATM Tuesday in Vancouver.

At the entrance of a coffee house downtown, anybody will be able to buy bitcoins and exchange them for cash through the new machine produced by Robocoin, a company based in Nevada. People who are interested can spend up to 3,000 Canadian dollars daily to exchange them for bitcoins, which are transacted depending on the market values in Canada’s VirtEx and then placed in a personal bitcoin wallet.