Demeter and his partners paid more than $90,000 — $18,500 each — for five Robocoin ATMs and are hoping to place them in other locations throughout Canada. The one that goes live next week will be the first permanent installation of a bitcoin ATM, according to Jordan Kelley, Robocoin’s CEO. “The regulations right now in the United States are a pretty decent barrier to entry for any operator,” he says.
The coffee shop is owned by a 53-year-old schoolteacher named Judy Fujiki who, until this summer, had never heard of bitcoin. Now she’s an avid investor — a bitcoiniac, if you will. Waves is home to a regular bitcoin meetup, where you can find people who will swap cash for bitcoins. And you can buy a latte at the bar using the digital currency too.