It is the first convention center in the world to have a permanent Bitcoin ATM.

When and where are you installing the Bitcoin ATM?

At least two firms have plans to ship out Bitcoin ATMs to American cities in the coming months.

"It's the first Bitcoin ATM in the world," Demeter said.

One start-up claiming to have created the first Bitcoin ATM says it has received orders for over 300 machines in 30 countries.

The Bitcoin ATM may not raise those concerns because it actually rolls back some of the anonymity that, in part, made the currency famous.

Last week also saw the opening of the world's first Bitcoin ATM - in Vancouver, Canada.

The world's first Bitcoin ATM was due to go live in Vancouver, Canada, on Tuesday.

The world's first Bitcoin ATM goes live on Tuesday - and it will be installed inside a downtown Vancouver coffee shop.

Bitcoin ATMs are not yet regulated in Canada, however regulations have been officially proposed for all bitcoin exchangers.

It is the first of its kind in any Parliament in the world and will involve demonstrations of Bitcoin ATMs and other related technologies.

In some cases, Bitcoin ATM providers require users to have an existing account in order to transact on the ATM.

Some Bitcoin ATMs offer bi-directional functionality; these machines enable both the purchase of Bitcoin as well as the redemption of Bitcoin for cash.

Robocoin, the Las Vegas-based firm rolling out the world's first Bitcoin ATMs in Canada this fall, plans to ship 12 to 15 of the units by the end of the year.

Think of it more like a vending machine or currency exchange counter: Rather than just offering withdrawals or deposits, the Bitcoin ATM allows a user to buy Bitcoins in exchange for cash.

In an interview with The Globe and Mail, Mr. Demeter discussed why he believes Bitcoin is necessary, how he acquired the world's first Bitcoin ATM, and his plans for other Canadian cities.

Blame the crisis in Cyprus (one entrepreneur is even planning to open at Bitcoin ATM there), crumbling faith in traditional currencies, or what you will - Bitcoin is in hyperinflation or hyperdeflation, depending on how you look at it.