UK’s first Bitcoin machine opens in London cafe

Britain’s first machine for dispensing digital currency opened for business in a cafe near London’s “Silicon roundabout” tech hub in east London on Friday, offering customers the ability to exchange bank notes for bitcoins. Nick Letchford, managing director of the group that owns the Old Shoreditch Station cafe, decided to install the machine after noticing the popularity of bitcoins among his customers working nearby in the digital industries.

“It gets used regularly based on where we are located,” he said. “There are lots of technology-orientated consumers within our area, and it caters very easily for them,” he said. “Currently people are buying coffees and beers with bitcoins, mostly beers actually,” Letchford added… CONTINUE