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Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3.
April 3 -
After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.
December 17 -
As Fexco and First Data demonstrated an ATM this week that lets consumers use a mobile phone instead of a card for access, they emphasized that the bank is at the heart of the offering everything about the technology could be changed to the bank's whim.
October 22
A bitcoin ATM is coming to South Carolina the state's first machine will be installed Thursday at the College of Charleston TD Arena.
Bitcoin ATM operator Southeast Bitcoin has partnered with bitcoin ATM maker Robocoin to offer a freestanding kiosk that lets customers buy and sell bitcoins. The machine requires users to scan a photo ID for verification and also includes biometric sensors.
The kiosk also has the ability to create a virtual wallet if a customer does not have one, so they can make bitcoin transfers.
Cities that already have a Robocoin machine include Boston, Seattle and Austin, Texas.
"Charleston is quickly becoming the Southeast's major hub for high-tech and innovation," said Southeast Bitcoin's co-founder Trey Morrison, in a news release.
In February 2013,
Cryptocurrencies such as bitcoin utilize instant, peer-to-peer transactions to make and receive payments over the Internet without the need for an intermediary. Previously, individuals had to use mobile applications or computers to purchase bitcoins through exchanges such as Bitstamp.
Currently 21,000 merchants accept bitcoin from customers, including businesses like Overstock.com, Virgin Galactic and some Subway sandwich shops.
