bitcoin

First bitcoin ATM opens for business in Eau Claire – WQOW TV News 18


Eau Claire (WQOW) – Those behind the relatively new currency bitcoin say the installation of an ATM in Eau Claire is only the tip of the iceberg as they try to get word out about the “fascinating and controversial technology.”

Zachary Daniel is behind this first-of-its-kind endeavor in Eau Claire. He said the new kiosk at Azara Vape Bar (2510 London Road) will allow people to exchange cash for bitcoin with ease.

Daniel said the cryptocurrency was born in 2009 during the recession as a way to transfer money digitally from person to person. He said the benefit of bitcoin is transferring money to family outside of the country and investment speculation.

In a 2018 article by Consumer Report, the Consumer Finance Protection Bureau says you need to be careful if you jump into the bitcoin market. They report some investors can easily open an account and have money fraudulently taken. They say the criminals steal the money and the investor never receives the bitcoin.



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