The World’s First Bitcoin ATM reached $100k transactions in one week.

The world’s very first Bitcoin ATM was set up in Vancouver downtown few weeks ago. It has drawn lots attention from the public. Last week, the total volumes of transaction reach $100k which brought a little surprise to its owner Mitchell Demeter, the co-founder of Bitcoiniacs. “We’ve had lineups all day every day,” said Demeter on Friday. The machine allows users to convert their Bitcoin into Canadian Dollar or vice visa. The ATM makes the Bitcoin more real and reachable than before. The conversion was difficult and time-consuming for people before the ATM machine. The money or fiat has had to go to a online Bitcoin exchange in order to to trade their money or Bitcoin. Now the long process has cut to as short as 5 minutes. The creator of the ATM plans to set up another machine in Totonto in the near future. The businesses based on Bitcoin has been booming in a rapid pace but the future of Bitcoin is uncertain.