Bitcoin ATM Goes Into Service in Canada

Machine installed in a Vancouver coffee shop allows people to exchange cash for digital currency.
0:52 | 10/30/13

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Transcript for Bitcoin ATM Goes Into Service in Canada
The new currency system as -- tested in Canada the bitcoin. Is a virtual currency that isn't controlled -- linked to a Central Bank. The online system is now going mainstream. The first bitcoin ATM went online this week in Vancouver insert cash and bit coins are transfer to your Smartphone. Make -- -- digital wallet replacing cash and credit cards the benefit transactions are instant and no processing. Part. Target audience will need help everybody we want to make it easy for my mom my -- -- my hands and my brother to come down. -- -- It's a very uninteresting platform to be using. Now that -- court system will be a tough sell consumers have a -- to pay up front the currency's value fluctuates and the system can be used on line. By drug smugglers.

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