New Mexico Boasts First Bitcoin ATM on US Soil

By: PanAm Post Staff - Feb 19, 2014, 8:47 am

The first US-based bitcoin ATM is now in operation. Located in Imbibe, an upscale cigar bar in Albuquerque, New Mexico, the ATM is now fully functional, and a launch party is set for Friday, February 21.

Manufactured by Lamassu, Inc., company CEO Zach Harvey attributes favorable laws in New Mexico for expediting the launch. New Mexico is one of only two US states that do not require a money transmitter business license to operate. South Carolina is the other. As a result, Eric Stromberg, the machine’s operator for Enchanted Bitcoin, was able to receive regulatory permits quickly.

Lammasu’s ATMs are compliant across multiple platforms. They have built-in verification features, can scan ID bar codes, and are also accessible to third party verification services.

Source: CoinDesk.