The world's first bitcoin ATM opened Tuesday at a coffee shop in Canada, the first of five ATMs bought by Canadian company Bitcoiniacs.
Bitcoin is the first de-centralized digital currency. It's been in circulation for about four years and is now starting to gain mainstream acceptance.
Jordan Kelly, CEO of Robocoin, said they are now "seeing a consistent increase in demand for bitcoin and rightfully so because the currency is getting more useful."
A restaurant owner said his business "got into bitcoin to target a new demographic of customers for our restaurant."
Bitcoins are transferred from person to person via the Internet without having to go through a bank. It's open-source and nobody owns it.
For more information on the world of Bitcoin, visit WeUseCoins.