Best of News

Keywords

TO GO WITH AFP STORY BY DEBORAH JONES Customer David Lowy uses his... News PhotoBarista,Bitcoin,British Columbia,Canada,Dark,Downtown District,Horizontal,Machinery,Paying,Science and Technology,Store,Technology,Telephone,Vancouver - Canada,Well-dressedPhotographer Collection: AFP 2013 AFPTO GO WITH AFP STORY BY DEBORAH JONES Customer David Lowy (R) uses his smart phone to pay .0101 bitcoins for a cup of dark coffee (worth about $2 US), from barista Chris Fujiki at the Waves coffee shop in downtown Vancouver on October 29, 2013. Three young entrepreneurs opened an automated teller Tuesday in this Western Canadian city, calling it the worlds first ATM able to exchange bitcoins for any official currency. The machine, delivered to Vancouver by Robocoin, an American manufacturer, stands against a wall of a popular coffee shop, resembles an ordinary cash ATM. However, instead of cash transactions it swaps Canadian dollars for bitcoins, the virtual currency of the Internet invented in 2008 by an anonymous computer scientist known only by the pseudonym Satoshi Nakamoto. AFP PHOTO / Deborah Jones (Photo credit should read Deborah Jones/AFP/Getty Images)