The first Bitcoin ATM in Vermont started operations on Saturday, October 25th at Blu-Bin's location at 49 Church St in…
Blu-Bin, Inc is a retail 3D printing company that was founded in August, 2012. In its first two years of operations, it has helped thousands of Vermonters and companies turn their ideas into objects using 3D printing, 3D scanning, and CAD design.
Daniel Riley, CEO of Blu-Bin, said:
"We’ve really seen an uptick in the number of people paying us with bitcoin, so we are excited for this new partnership, as it allows us to promote the adoption of this currency with our every day customers, as well as better serving this section of Burlington's diverse tech scene."
The ATM was installed and is operated by the Bitcoin ATM service operator PYC, based in New York City. A few weeks ago PYC announced their 3rd Bitcoin ATM in New York, their second in Manhattan, a Lamassu one-way located at Crispín’s on 10th Avenue and 52nd Street.
PYC is comprised of two Bitcoin enthusiasts, Emilio Pagan-Yourno and Julio Enrique Cabrera, that are bringing Bitcoin to the masses with easy to use Bitcoin ATMs in the NYC area and beyond. Their goal is to help spread awareness and adoption of this incredible new technology. The Vermont installation is their first partnership with a merchant outside of New York State. An interactive map on the PYV website shows the current locations of their Bitcoin ATMs in Manhattan.
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Images from PYC and Shutterstock.