Bitcoin

Bitcoin ATMs To Be Distributed This Summer

Company making the ATMs has already received inquiries from more than 40 countries

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A cash machine that accepts the virtual currency bitcoin is set to be distributed around the globe this summer, according to its maker Lamassu, which expects pre-orders for the technology to be placed soon.

The device boasts the ability to change fiat currencies into the crypto-currency in just 15 seconds and accepts notes from over 200 countries around the world. It received its first ever non-U.S. viewing at a bitcoin event in the heart of London's financial district last week. Co-founder Zach Harvey told CNBC that inquiries have been received from all over the world.

"I don't want to speculate at this point, but we have received over 80 inquiries from more than 40 countries. We are optimistic that we will see our machines in all continents by the end of the year," he told CNBC.