Bitcoins, coming soon to an ATM near you?
CBSN
In the not-too-distant future, Americans won't have to drive or even walk very far to find a bitcoin ATM.
Connected to the internet, Bitcoin ATMs resemble traditional ATMs but link to an exchange rather than a bank account. The machines take cash for bitcoin or other digital currencies. Some also let users sell bitcoin for cash. Most of the transactions involve people paying $300 to $500 to buy a small stake in bitcoin, the price of which has been surging (along with its carbon emissions), lately trading at a record high near $62,000. Users pay transaction fees that range from 6% to 12%, according to Pamela Clegg, director of financial investigations and education at cryptocurrency compliance firm CipherTrace.
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