The Las Vegas Strip welcomed its first
The new ATM launched inside the Viva Vegas souvenir shop near Las Vegas Boulevard and Harmon Avenue, across the street from CityCenter.
"It's very difficult for the average Chinese person to transfer money out of China," he told me. "You can store your money on the cloud and then withdraw it on demand from our machine."
Promoters of bitcoin often boast of its ability to replace cash. Users who deposit money into an online account can pay for purchases by scanning their smartphones at participating businesses.
There's a hitch, though: Few places in Las Vegas accept bitcoin.
"I'm not aware of any on the Strip," McAlary said.
McAlary hopes for wider acceptance in coming years but said he's not sure whether bitcoin will become a popular alternative to cash and credit cards.
"It just depends on whether or not, at the end of the day, consumers prefer that," he said.
Vegas' newest bitcoin ATM operates from 8 a.m. to midnight seven days a week. There's free parking at the adjacent Travelodge at 3735 S. Las Vegas Blvd.