Video: Robocoin 2.0 Bank Teaser

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Video: Robocoin 2.0 Bank Teaser
Video: Robocoin 2.0 Bank Teaser

Robocoin came on the spot last year with the debut of their first bitcoin ATM in a downtown Vancouver coffee shop. It was on of the world’s first two-way bitcoin ATMs (if not the), and the company has grown immensely since then.

And in the time that’s passed, a number of competitors have arisen looking to do much the same. There’s GenesisCoin out of California, BitAccess out of Ottawa, and more.

So how does one set itself apart?

Well, in the case of Robocoin, it comes in the form of the 2.0 version of their product, more fashionably called Robocoin Bank.

The Las Vegas-based company announced this expansion of services in early May with the firm intent on converting their existing network of bitcoin ATMs around the world into bitcoin remittence branches. It’s a clever idea, and one that sets them apart from their competition, but until now, we haven’t quite gotten a good understanding of how the system works.

Here’s a teaser video of the Robocoin Bank platform:

Demonstrated (quoted from an email I received from Robocoin this morning):

With reference to security:

According to Robocoin CEO Jordan Kelley, the company is “aggressively” testing the platform in-house before its expected to make a public debut at the end of Summer.

“Robocoins start at $15,000 and our operators are making a lot of money,” Kelley wrote in his email blast.