All info supplied by WCVB.com
All info supplied by WCVB.com
BOSTON —Boston’s first Bitcoin ATM has been installed at South Station.
On Wednesday, the ATM was placed by Liberty Teller at Boston’s bustling South Station, which sees thousands of commuters a day.
Bitcoin is an open-source currency affiliated with no country or bank, which can be bought and sold anonymously.
Liberty Teller co-founder Kyle Powers said the ATM gives people the chance to learn about the currency.
“There’s a lot of interest, a lot of curiosity, so we try to provide a safe, fast and simple way to get and experience Bitcoin,” Powers said. “With this kiosk — somebody can come up to our ATM and have Bitcoin 15 seconds later, then they can go on our site and read tutorials about how exactly to use Bitcoin.”
Co-founder Chris Yim said the money can be stored in a virtual wallet and used at an increasing number of online retailers in place of cash or credit cards.
“It’s a digital currency, so what a lot of people do is they create a digital wallet or an online wallet and they import their funds. So now I have it on my phone,
now I can access it online, around the world. It’s truly digital,” Yim said.
But because the Internet currency is still in its infancy, it’s uninsured, unregulated and still vulnerable to hackers.
Bitcoin is also prone to severe price volatility. It was worth about $13 last January, peaked at more than $1,200 last year and is now trading at about $650.
The South Station and Albuquerque, N.M., ATMs are believed to be the first in the country.
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Is so nice to see that three
Americans share the award
The members of the group are being charged for participating in 2010 cyberattacks against government agencies, politicians and companies like Visa, MasterCard, PayPal and Bank of America. It also targeted the Motion Picture Association of America (MPAA) and Recording Industry Association of America (RIAA).
Called “Operation Payback,” the attacks were mainly distributed denial of service (DDoS) attacks, which floods a website with traffic in order to crash its server, in retaliation for the shutdown of torrent search engine Pirate Bay.
Anonymous members also attacked websites of people or organizations that were critical of Wikileaks. Visa, MasterCard and PayPal stopped processing payments to Wikileaks in 2010, while the organization was being investigated. The website was scrutinized by the U.S. government after it leaked hundreds of thousands of sensitive diplomatic cables.
The court papers say that the hackers conspired to coordinate DDoS attacks in Internet Chat Relay (IRC) channels. The group caused an estimated $5,000 in damages and affected at least 10 “protected computers.”
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