100 Bitcoin ATMs coming to Australia

Discussion in 'Digital Currencies' started by Phiber, Feb 4, 2014.

  1. Phiber

    Phiber Well-Known Member Silver Stacker

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    I thought this article was interesting:

    http://www.stuff.co.nz/technology/digital-living/30013977/100-bitcoin-atms-coming-to-australia
     
    Phiber, Feb 4, 2014
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  2. trew

    trew Active Member Silver Stacker

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    Will this be the one that needs to store a scan of your face and hand for verification purposes ?
     
    trew, Feb 4, 2014
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  3. Phiber

    Phiber Well-Known Member Silver Stacker

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    Is that a requirement with the others?
     
    Phiber, Feb 4, 2014
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  4. trew

    trew Active Member Silver Stacker

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    Only know what is on the websites of the two types - Robocoin and Lamassu ( went and looked after Load of Bullion told me to :D )

    The picture above is the Robocoin one.
    Because it can both buy and sell bitcoins it needs to ID you. From their website:


    The Lamassu one can only take your cash and send you bitcoins - so no ID needed
     
    trew, Feb 4, 2014
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  5. Phiber

    Phiber Well-Known Member Silver Stacker

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    Don't think I wanna give them my palm print!
     
    Phiber, Feb 4, 2014
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  6. trew

    trew Active Member Silver Stacker

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    Apparently it's not just your palm.
    It also scans your license, takes a picture of your face and then somehow verifies your face matches the face on the license !

    guess anyone that's grown a beard since getting their license will be in trouble :lol:
     
    trew, Feb 4, 2014
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  7. goldpelican

    goldpelican Administrator Staff Member

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    I would be wary of investing in this sort of tech in Australia - a review of Bitcoin's status from a designated service perspective is in the works with AUSTRAC. May well be in the future that it gets treated like bullion sales under an AML/CTF regime with KYC requirements.
     
    goldpelican, Feb 4, 2014
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