First 2-Way Bitcoin ATM in San Diego Launches

Blockchain consultants, Constructive Inc have today announced the launch of San Diego’s first 2-way Bitcoin ATM machine as part of a partnership with hardware partner Coinoutlet Inc.

The ATM, housed at Surf Bros Teriyaki (274 N El Camino Real, Encinitas, CA) is in operation as of today, allowing users to buy and sell Bitcoin between 10:30 AM and 9:30 PM during weekdays and 10:30 AM to 8 PM at weekends.

Bitcoin ATM’s have been notoriously difficult to use in the past, however Surf Bros. Teriyaki owner Reza Karkouti commented on the simplicity of using the new ATM,

“Bitcoin might seem intimidating, but this two-way bitcoin ATM makes it a breeze to get started. The CoinStructive machine is as easy to use as a regular ATM, and you don’t even need a software wallet – users have the option to print out a simple paper wallet with instructions and private and public keys.”

Coinstructive Inc aim to drive Bitcoin adoption by educating small businesses about the benefits of Blockchain technology, CEO Eric Grill explained the importance of ATM’s for adoption, and explained the companies plans for the future

“This opportunity to collaborate with a team of people dedicated to educating businesses about how bitcoin can be an advantage is our dream. This is how you build a bitcoin ecosystem that benefits millions of people. We are looking forward to rolling out CoinStructive machines across California, and helping bring new merchants onboard with bitcoin in general.”

Had a positive or negative experience with Bitcoin ATM’s? Let us know in the comments section below.