Nearly every major city on Earth has its own Bitcoin ATM now. They’ve popped up in Vancouver, Toronto, Los Angeles, Dubai, Halifax, and even smaller cities like North Bay and Saskatoonin Canada.
But for some reason, Manhattan is lagging behind.
That’s now changed though, with Manhattan’s first Bitcoin ATM having launched as of yesterday evening at 5pm.
The Lamassu machine is located at Flat 128, a vintage clothing store on Christopher Street.
While it may seem strange for a store to sell vintage clothing and digital currency, Flat 128 already accepts Bitcoin as a payment method and has seen enough success with it to warrant using part of its space for a Bitcoin ATM.
Uncertainty in New York
Perhaps one of the reasons for the lack of a Bitcoin ATM presence in New York is the uncertainty regarding regulation in the state.
The proposed BitLicence has caused a great deal of controversy within the Bitcoin community. Circle CEO Jeremy Allaire, for example, called it “impossible to comply with“, and other figures in the Bitcoin world have declared their frustrations as well.
As a result of these comments, and numerous petitions, the NYDFS has decided to extend the comment period by 45 days in order to allow more time for those who may be affected to add their input.
The future of Manhattan’s first Bitcoin ATM is unclear, but for now at least Manhattan residents can acquire Bitcoin a little more easily.
Manhattan Gets Its First Bitcoin ATM In A Vintage Clothing Store
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