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Was This $200 Vending Machine the World’s First Bitcoin ATM?

As a part of a university project in 2012, student Max Albrecht designed a cryptocurrency vending machine that converted €1 coins into bitcoin.

This low-tech version of a bitcoin ATM was built with a modest budget of €150 (around $200 at today’s prices). Furthermore, it was created not as part of a tech, business or computing course, but as an art installation.

To create his ATM, Albrecht bought a second-hand vending machine that cost him roughly €80 ($110). He printed out both private keys and links to individual online wallets, put the paper slips in small cardboard boxes, and put those in the vending machine.

Continue reading at CoinDesk

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