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February 25, 2014 09:08 pm GMT

How an Underdog Won the Race to Bring Bitcoin ATMs to the U.S.

Bitcoin-atm

Bitcoin fans can now buy the cryptocurrency from a physical machine in a public location in two of America's 50 states. And while California and New York remain the country's primary tech hubs, these states are still not within view of the finish line in the race for Bitcoin vending machines, which are also commonly called Bitcoin ATMs.

Instead, New Mexico and Massachusetts installed the first and second ATMs in the U.S., respectively, thanks in large part to more lenient local regulations. Meanwhile, entrepreneurs on the two coasts claim they are eager to comply, but say that local regulators have been slow to provide answers, and current guidelines are vague or cost-prohibitive for small operators. Read more...

More about Small Business, Startups, Us World, Us, and Bitcoin

Original Link: http://feeds.mashable.com/~r/Mashable/~3/V-IK_xQtK34/

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