Bitcoin ATM opens in Hong Kong

The world’s second Bitcoin ATM is due to land in Hong Kong by the end of this month, according to U.S. based software company Robocoin.

The machine, available for sale to individual operators such as banks and private entrepreneurs, allows users to buy or sell Bitcoin in just a few minutes.

The process should be much faster than setting up an account on an exchange or via mobile apps and computers which could take a few days for account verification.

“It removes all the pain and barriers of entry to buying Bitcoin on an online exchange,” said Robocoin chief executive Jordan Kelley.

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