And finally…Edinburgh gets first ever Bitcoin ATM

AlphaVend said it is to install the machine on the Capital’s Queensferry Street in the Foreign Exchange outlet of No1 Currency Exchange.

Now customers can buy the digital currency through the ATM as well as all the usual foreign currencies offered over the counter by No1 Currency.

Customers simply insert bank notes to the value of their intended purchase, and instantly receive the equivalent value in Bitcoin into a digital wallet held on a smart phone.

Buying Bitcoin on-line via an exchanges is time consuming and can be complex, and buying through private channels comes not without risks.

AlphaVend said the “easy-to-use ATM” opens up the world of Bitcoin to the general public, and customers can buy from as little as £5 up to £1,000 through the facility at 33-35 Queensferry St.