Lamassu introduces its modular system which makes it possible for owners who already have the existing Lamassu Bitcoin ATMs to now add bitcoin-for-cash using its new Santo Tirso bill dispensing platform.
Before this new addition, the producers of the ATMs were only creating machines with the ability to cash-for-bitcoin transactions. Now, with the addition of the bill dispenser platform, this is a new advancement in making bitcoin transactions easier. Each bill dispenser platform is currently being sold at the price of $5,500 and is now available for pre-ordering. It will make its first appearance at the Bitcoin Foundations’ Bitcoin 2014 conference being held in Amsterdam from May 15-17.
“It was important for us to give operators the choice of one-way or two-way transactions,” said Zach Harvey, CEO of Lamassu. “Our modular design allows them the ability to choose a cash-to-Bitcoin machine, or the option of adding a stand that enables two-way transactions. Different operators have different market needs, so flexibility is key here.”
Lamassu Santo Tirso Explained
The Santo Tirso is able to hold up to 1,000 banknotes of any currency. Functioning both as a bill dispenser and a stand for the Lamassu bitcoin machine, it is compatible with all of the 235 plus varieties of Lamassu machines currently in the global market. This new addition makes it possible for automated and affordable money transfers.
Harvey stated that everyone involved with the project is very happy with the turnout of events especially in terms of the machines price, minimalism, and versatility. The team fully hopes to expand their modular options, including both the hardware and software aspect of it.
For those who just want a stand and not the two-way transaction aid, Lamassu is also offering the options of simply adding the Braga floor stand. Each stand is currently priced at $1,800 and does not include a bill dispenser.
With its feature of a very small frame, operators are able to place them in location where the floor space is limited. The Lamassu bitcoin machines are currently the most affordable two-way bitcoin ATMs on the market even with the new addition of the cash-dispenser.