Bitcoin ATM, the No human ATM! Technology walkthrough for your technology know how.

Bitcoin ATM is the latest development where no human is needed to carry out the transaction. Bitcoin ATM is an electric communication device that can facilitate the purchase of bitcoins in exchange of cash with human interference. Some models can also get involved to facilitate the sale. This development dates back to 2013,  in Canada, where a Robocoin ATM started operating in Canada. It was a success and within 29 days of operation, the machine transacted 1,000,000 USD CAD in volume.  By that time,  many operators have got machines installed manufactured by Lamassu and BitAccess.  BitAccess is based in Ottawa and manufactures a Bitcoin automatic teller machine that accepts cash in exchange of bitcoins.

It was a successful discovery that changed the lives of the people significantly.  Bitcoin has a great future ahead in the e-commerce era, where all countries have been closely knitted and owing to a globalized network no transaction is difficult. This discovery is useful for those who want to make a cash transaction without any credit card or bank accounts. This service is widely used internationally and is highly popular and among all age groups. The technologies involved have made the lives of a common man easy. This has helped travelers to withdraw cash at competitive currency rates without having to open a bank account.

We prepared and published this seminar abstract for final year engineering students seminar research. You should do your own research additional to this information before presenting your seminar.
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