Viracon to bitcoin exchange
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But there are many people who want to cast off its shady past and make it a legitimate currency. Because the bitcoin currency itself is distributed among all of its users, there is no centralized bitcoin bank. Instead, people buy and sell bitcoins by visiting websites, finding a user willing to sell them some bitcoins, and then directly wiring them money.
But new buyers are left waiting until their money transfer is cleared, a couple of days, before they actually see the bitcoins appear in their wallet.
The same applies to sellers looking to cash out, but having to wait for their payment to arrive. The Robocoin kiosk first verifies customers' identities by scanning their palm prints. Customers can then feed cash into the machine to deposit as bitcoins, or withdraw bitcoins from their electronic wallet and get physical cash.
Instead of waiting around a couple of days, the process only takes a couple of minutes. Though Robocoin makes the machinery responsible for doling out cash, it's up to bitcoin enthusiasts to actually make them available to the public. Mitch Demeter, a bitcoin broker who co-founded Bitcoiniacs, said that he was impressed with Robocoin's machines.
Bitcoins are also accepted by businesses in the United States , but the government itself is hesitant to welcome them into the American marketplace. Kelley has also said that Robocoin machines are compliant with both federal and state laws. Though bitcoins still aren't universally accepted, their popularity is growing.
Demeter regularly hosts meet-ups for the bitcoin community, including those that want to buy and sell coins, as well as businesses that are interested in accepting them as payment. It's a good sign. And it's not just the diehard bitcoin users that used it. Sheriff says no immigration officers at shelter. California senators reach agreement on net neutrality bill. Temps rise, records fall: Things to know about the heat wave.
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