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Beat The Banks With Robocoin 2.0

August 8, 2024         By: Eric Wagner

Robocoin, the upstart coin operator which brought us the world’s first Bitcoin ATM, has had some terrific growth this past year. Now they have announced an upgrade to their platform in the release of Robocoin 2.0, otherwise named Robocoin Bank.

The idea behind this new roll-out is to create a fully functional bank-branch like experience using their already growing network of Robocoin ATM machines. The ATMs already work with 12 national currencies worldwide and the list is expanding. It can also allow users to send money using only a phone number or email. Recipients who haven’t signed up for Robocoin can visit the local branch to redeem their payment in cash.

“Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,” said Jordan Kelley, Robocoin’s CEO.

The hardware behind the Robocoin 2.0 Bank has gone through some modification by way of a huge cut in the price of the machine. The company has slashed the base price for its Robocoin Classic unit from $20,000 to $15,000. The company assured clients that the machines use state of the art bank safe design for the ultimate in safety and security.

Robocoin bank branches use a biometric authentication technology, in addition to phone and PIN authentication. The aim is to completely protect user accounts and where necessary comply with anti- money laundering and other modern banking regulations.

Moving technology closer to our doorstep is a step in the right direction. Each advancement is making Bitcoin easier and more functional, whole bringing it functionally closer to the mainstream. Replicating our real world desire to interact, Robocoin has caught our attention as a lead innovator in what matters most.