World's First Digital Currency ATM Opens in Canada

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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.

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