bitcoin Japan Gets First Bitcoin ATM

[Turk.]

By Tim Hornyak Apr 18, 2014 2:50 AM

Formula One racing and cryptocurrency have nearly nothing in common?except Suzuka. The home of the Japanese Grand Prix will soon debut Japan?s first bitcoin ATM.

Local importer Raimu has brought a Robocoin ATM into the country from Las Vegas-based Robocoin Technologies. It arrived at the company?s warehouse Thursday.

It plans to show it off at an unveiling in Suzuka, a city of some 200,000 near Kyoto and Osaka, before shipping it to a buyer whose name and location are still secret, the company said.

Raimu is a small firm that imports camping gear, PC peripherals and dog snacks, and the ATM is its first venture into Bitcoin. It sees burgeoning demand for the machines and has two more on order from Robocoin.

?There?s going to be a lot more than three, I think,? Raimu CEO Motonori Kan said in an interview by phone.

?It?s going to be an educational process. People know about Robocoin and it has the highest security features, and features required by governments around the world regarding money-laundering restrictions.?
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