The first ATM of bitcoin
The first Bitcoin ATM was installed in Vancouver in 2013. That was a significant milestone in the history of Bitcoin and cryptocurrency. Now a days Bitcoin is famous and leader but in that time in 2013 it was difficult to predict the price and prospect of Bitcoin. The installation of the Bitcoin ATM in Vancouver was a significant event for the cryptocurrency industry. This ATM was the world's first Bitcoin ATM, and it was installed in Waves Coffee House in downtown Vancouver. The machine was produced by a company called Robocoin, which was based in Las Vegas. It marked the first time that people could easily and quickly buy and sell Bitcoin using a physical machine as they would with a traditional ATM...
The BTC ATM in Vancouver was designed to be easy to use. It was so simple that could be easily used by the people who were not familiar with Bitcoin or cryptocurrency. To use the machine, customers simply had to scan their government-issued ID, like a driver's license and then provide a phone number for verification. After verifications customers could insert cash into the machine, and the machine would automatically convert the cash into Bitcoin and deposit it into the customer's Bitcoin wallet. So, simple and easy it was on that time.
That time major issue with bitcoin was suspect of illegal activities like money laundering or drug trafficking. There were worry about the potential for hacking or security breaches. Still Bitcoin ATM in Vancouver was a success. People from all over the world came to Vancouver to use the machine, and it quickly became a popular destination for Bitcoin enthusiasts. The success of the Vancouver Bitcoin ATM had grown interest on others to the installation of many more Bitcoin ATMs around the world. The number of Bitcoin ATM is more than 24,000 in current time. But that initiation was a courage. Now, more than 75 countries have BTC ATM. Great work. Isn’t it? This event marked the first time that people could easily and quickly buy and sell Bitcoin using a physical machine. Therefore, it can be said that it paved the way for the installation of many more Bitcoin ATMs around the world.