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This should be the lamassu from the press conference, but you can see the advertising for the virtual mobile Picasso.

“ATM itself is located at a mall coffee shop in Shanghai’s Zhangjiang Hi-Tech Park”

“The machine was lightly used during a visit by Reuters, with just one client appearing to use it, but cafe manager Cheng Mengyao said she had seen a steady stream of customers use the machine for small transactions since it was installed.”

Anyone in Shanghai to take a look and give a live look or video?

http://shanghaiist.com/2014/04/18/chinas-first-bitcoin-atm-installed-in-shanghai-mall.php

China’s first bitcoin ATM installed in Shanghai mall

bitcoin-atm.jpg

BTC China has installed the country’s first bitcoin ATM in its number one city with the launch of a new online app which allows users to buy and sell the virtual currency on their phones.

The ATM itself is located at a mall coffee shop in Shanghai’s Zhangjiang Hi-Tech Park. Users can purchase bitcoins directly from the machine in exchange for yuan, but cannot withdraw cash, according to Reuters:

The machine was lightly used during a visit by Reuters, with just one client appearing to use it, but cafe manager Cheng Mengyao said she had seen a steady stream of customers use the machine for small transactions since it was installed.

The web app essentially allows transactions on a direct peer-to-peer basis, as opposed to selling them on an open exchange. This also avoids using the banking network or a public online exchange, but means transactions are between individuals and liquidity is limited to how much cash they have.

http://www.reuters.com/article/2014/04/16/us-china-bitcoin-idUSBREA3F0MK20140416

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