News

New bitcoin ATM open for business in Washington mall

The ATM allows a user to carry out transactions of up to $3,000 USD a day at the machine.

February 11, 2015

​Cryoptocurrency service provider Point of Coin has announced the grand opening of its first bitcoin ATM in the Westfield Mall, located at 8700 N.E. Vancouver Mall Drive in Vancouver, Washington.

Point of Coin founder Donn Lasher has been involved in bitcoin since 2011, the company said.

"We're excited about our partnership with Westfield in this location," Lasher said. "They were aware of bitcoin, and were as motivated as we were to bring a bitcoin ATM to their location. We couldn't ask for a better location, at the Main mall entrance, directly across from my favorite theater in town, Cinetopia, and right beneath the food court."

The ATM, manufactured by Robocoin, is open with the mall, from 7:30 a.m. to 11 p.m. daily. New users, after completing the registration process, log in with their cellphone number and PIN, then use an SMS code sent to the phone for extra security.

Once their identity has been verified, users can instantly buy or sell bitcoins using their online wallet, or transfer coins to/from wallets located with other services, or on their phones. The ATM allows a user to carry out transactions of up to $3,000 USD a day at the machine.