Support for LAist comes from
We Explain L.A.
Stay Connected

Share This


L.A. Is Getting Its First Bitcoin ATMs

Bitcoins accepted here (Photo by Juliet Bennett Rylah/LAist)
LAist relies on your reader support.
Your tax-deductible gift today powers our reporters and keeps us independent. We rely on you, our reader, not paywalls to stay funded because we believe important news and information should be freely accessible to all.

We're only five years away from Blade Runner and already getting our very first Bitcoin ATMs. Two years after the advent of the Cupcake ATM, the Bitcoin ATM will allow users to convert their digital currency into cash. The ATMs will go inside Locali Conscious Convenience in both their Hollywood and Venice locations, L.A. Times reports.

Each ATM cost $15,000 and was built by a company called Robocoin. The ATMs will be managed by a Santa Monica bitcoin processor called ExpressCoin and function kind of like a currency exchange. Users can scan a QR code on their mobile phone to withdraw the cash.

Locali is currently working on being able to accept bitcoins as payment, but there are plenty of other things in L.A. you can already do with them. You can get a manicure at Wynn in Hollywood, or eat at La Petit Jardin. You can help a politician get elected and you can buy a Tesla. You can also by 50 Cent and Mastodon's new albums with bitcoins. Welcome to the future.