Bitcoin ATM’s are a dream come true, both for digital currency enthusiasts and people who want to own a machine themselves in order to make a nice monthly profit. However, investing in such a machine can be quite expensive. Robocoin, one of the top brands in the world of Bitcoin ATM manufacturing, has released their Cash SDK, which enables any ATM or kiosk to allow for Bitcoin transactions.
Cash SDK – The Next Evolution of Bitcoin ATM’s?
Bringing Bitcoin to the masses in the form of an ATM is a great bridge between the traditional financial system and the new breed of disruptive technology. For those of you who know the average price of buying a Bitcoin ATM, you have found out by now this is not a cheap venture. Plus, you still need to put it in a place where there’s a lot of foot traffic to attract potential customers.
But what if we could use an existing ATM, and by upgrading its software, let it accept, dispense and transfer Bitcoins? Imagine walking up to a regular bank ATM, and seeing it offer a split screen with “bank actions” on one side, and “Bitcoin actions” on the other side. Kind of how the Lamassu software splits a screen into “Buy Bitcoin” and “Sell Bitcoin”.
Loading the software onto an existing is rather simple and straightforward, according to Robocoin. Kiosk and ATM operators simply need to drop the software back into the existing software. The only requirement for an existing machine to be compatible with Cash SDK is that it needs to be able to dispense and/or accept cash payments. Identifying and managing all Bitcoin transactions will occur through a wallet system which is included in the software package.
“We are about to make bitcoin much more available by upgrading the world’s existing kiosk and ATM infrastructure into a globally interconnected bitcoin cash exchange and remittance network.Our goal since day one was to make it easy to acquire, store and use bitcoin. Our Cash SDK is the culmination of over a year of software development and two years of experience in the space, with these goals in mind,” Robocoin CEO Jordan Kelley told the media.
Needless to say, turning an existing “regular” ATM into a Bitcoin ATM may be the push we need in order to make Bitcoin far more mainstream and reach a global audience. It remains to be seen how many ATM and kiosk operators will use Robocoin’s Cash SDK in the future, but by giving them the option to do so, some of them will start experimenting with it at some point.
Robocoin has learned – the hard way, thanks to regulation and legislation across the world – that the company’s focus should be on software, and not hardware. This sudden change of direction comes as a surprise to many, but the company feels it is the right thing to do. We will see how this decision plays out in a year from now.
Website : http://robocoin.com