TechCrunch

Converting the cash in your wallet to Bitcoin is one of the biggest hurdles to getting some skin in the digital crypto currency game. Time was when you had to meet a scruffily-dressed Bitcoin owner in person, at a corner street cafe, to get your hands on a few Bitcoins. Bitcoin’s times are changing though.

Startup Lamassu Bitcoin Ventures is aiming to simplify the process with its Bitcoin ATM machine (left). It’s showing off a prototype of its tablettop-sized ATM at the Bitcoin London conference taking place today. Its snappy tagline is ‘fiat to Bitcoin in 15 seconds’  — and in keeping with that promise the process is designed to be as simple as possible. And simplicity means accepting cash only — no card payments — to avoid having to deal with banks, says co-founder Zach Harvey.

“With our Bitcoin machine… you don’t need the bank’s approval to start running these Bitcoins…

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