News

German Bitcoin ATM company intros two-way model

May 15, 2014

A new Bitcoin ATM lets the deployer decide whether it will function as a one-way (cash in) or two-way (cash in-cash out) machine.

The switching feature, called “smart remote control,” is being offered by German provider BitXatm on its Sumo Pro unit. Previous BitXatm machines offered only one-way transactions.

According to a report by Coindesk, the cash-in units will accept 300 to 600 banknotes and dispense up to 30 notes, in total.

All new orders of the Sumo Pro will include switching capability; it can be added to existing orders at no charge, but upgrades will delay shipments by four to six weeks, the article said.

BitXatm units retail for approximately 3,900 euros ($5,349), according to the report.