First Bitcoin ATM on the Strip up and running

Coin Cloud, is owned by Chris McAlary, a bitcoin trader and former bitcoin miner. His company will operate the RoboCoin-manufactured ATM.Tourists can now store money digitally and withdraw cash from the Bitcoin Bodega when they arrive. The kiosk is centrally located within walking distance of nearby casinos. It has convenient drive-up parking available and a security guard is on site at all times.

Las Vegas-based RoboCoin’s ATM machines offer a combination of patent pending hardware, software and reporting tools, along with security features such as phone number, PIN number and palm-vein validation to secure against theft and fraud. All information is encrypted when collected, transmitted and stored. It is never shared with third parties and never stored on the machines.
The D in downtown Las Vegas also had a bitcoin ATM. A Bitcoin account is required to use the machine, but accounts can be created using the machine.

As with a regular ATM, people who use this Bitcoin version can deposit funds into online accounts or withdraw cash. But instead of using a debit card to access a bank account, customers can convert their cash to Bitcoins or vice versa by inputting their phone number and PIN number and verifying their identity via a palm-print scanner.

Bitcoin, a digital version of money, is not backed by any country and takes no physical form. It can be cashed out into standard currency, however. Bitcoin's exchange value can vary literally minute by minute. Around 4:30 p.m. Wednesday, one Bitcoin was worth about $560, according to a conversion website.

“I want to be on the forefront of keeping the Las Vegas tourist scene ahead of the curve." Gamblers still can’t use Bitcoins as direct substitutes for cash on casino floors, but they can walk to the ATM and use it to convert Bitcoins into cash for gaming. Soon, users may not even have to make that much effort. McAlary said he’s working on putting Bitcoin ATMs directly inside Strip casinos.

The bitcoin trend that has already entered Las Vegas made its debut on the Strip on Wednesday with the tourist area's first ATM dedicated to the cyber-currency.
According to Robocoin, the ATM allows bitcoin holders an alternative to traveling with cash or when daily ATM limits max out.

Earlier this year, The D Las Vegas hotel-casino unveiled a bitcoin ATM of its own and allowed people to pay for rooms, gift shop items and meals with the cyber-currency. Bitcoin is not allowed for gaming, though.