The @Robo Coin Bitcoin ATM was among the very first workstations built to facilitate cryptocurrency trading for ordinary users.
This device enables individuals to buy or sell Bitcoin in cash, thus making digital currency more tangible.
When announced, #Robo Coin started taking pre-orders from biz and entrepreneurs wishing to install a Bitcoin ATM at their premises, malls, or other public locations.
The starting price of a $ROBO Coin machine was roughly $20 000 whereas early purchasers had the opportunity to buy it at a lower $18,500 early bird rate.
The company revealed that they were gearing up for deliveries to start in the Fall of 2013, which was a major development in making Bitcoin transactions more accessible.
Back then, the unit was equipped for BTC-to-USD operations, meaning customers could feed cash and get Bitcoin credited to their digital wallets, or they could sell Bitcoin and take out cash.
Besides owners of shops or investors who have a desire to be local crypto service providers, a RoboCoin kiosk unveiled a novel business prospectessentially a small neighborhood Bitcoin bank.
