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Bitcoin ATM builder takes aim at traditional financial services
Bitcoin ATM builder takes aim at traditional financial services

In a makeshift office — a living room crowded with desks, monitors and a beanbag chair — a handful of programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry. This condo on the 19th floor of a trendy high-rise in the heart of downtown is the headquarters of Robocoin, the maker of automated teller machines that turn bitcoins, the growing virtual currency, into hard cash. The bitcoin ATMs, in the view of the start-up's founder, would challenge traditional money transfer services such as Western Union. "I regard the financial system in general and the players in that as our competitor," said...

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