Blockchain 

Major Saudi ATM Provider Partners With Blockchain Identity Platform

Saudi automated teller machine (ATM) provider Alhamrani Universal (AU) has collaborated with blockchain identity platform ShoCard to develop a blockchain-based biometric ATM, according to a press release published on Feb. 27. The collaboration will see AU and ShoCard create a new type of an ATM combining blockchain technology and biometrics as part of a five-factor authentication process. The ATM will reportedly allow customers to use a blockchain-based app and facial recognition instead of personal identification numbers to withdraw funds. The ATMs will purportedly be able to communicate across banks in…

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Bitcoin 

Major Philippines Bank Union Bank Launches Two-Way Crypto ATM: Report

Major Philippines bank Union Bank is launching the country’s first two-way cryptocurrency ATM, local media outlet Philstar reported Feb. 6. The move will reportedly let customers buy and sell cryptocurrencies for cash via the ATM as part of the bank’s “sandbox” — a framework for conducting experiments in a controlled environment. The report did not specify which digital currencies will be supported in the experiment. According to Philstar, the system complies with current regulations and is the result of a collaboration between Union Bank and the country’s central bank, Bangko…

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Bitcoin 

New York Financial Regulators Grant BitLicense to Bitcoin ATM Operator

The New York State Department of Financial Services (NYDFS) has granted a virtual currency license, or BitLicense, to Cottonwood Vending LLC, according to an official tweet on Jan. 31. Cottonwood Vending is a Bitcoin (BTC) ATM operator with terminals in New York City and the surrounding area. According to the tweet, the granting of such licenses “continues to advance responsible innovation in New York’s fintech industry.” Bitcoin ATMs, or BTMs, are touchscreen kiosks that enable users to deposit cash and either buy Bitcoin, or to scan their mobile wallet, sell…

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Bitcoin 

Bitcoin ATM Firm Coinme to Sell Bitcoin at Coinstar Coin Counting Machines

United States Bitcoin ATM (‘BTM’) operator Coinme has entered a partnership to sell Bitcoin (BTC) at coin counting kiosks owned by Coinstar, the company confirmed in a press release Jan. 17. Coinme, which was the first BTM operator to receive a license in the U.S. in 2014, will reportedly add thousands of locations via the move, which has already seen integrations go live. CEO and cofounder Neil Bergquist commented in the press release: “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make…

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Bitcoin 

Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties

Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1. Lamassu — now called Lamassu Industries AG — has moved to the Swiss canton of Lucerne, because the firm wants “to be in a place where rules are well defined and regulators are pro-innovation.” Lamassu revealed in the post that its applications to open an account were rejected by 15 banks because it produces terminals for Bitcoin, while not taking part in trading…

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