A group of young entrepreneurs have launched the world's first bitcoin ATM, converting digital currency into any international currency, in Vancouver, Canda.
On the outside, the kiosk appears to an average looking ATM, but it features hand and barcode scanners.
Bitcoins are currently worth $210 (€152) each and was introduced in 2008. They are not controlled by any financial authority, but they are monitored by anti-money laundering regulators in the US.
The ATM requires users to scan their hands to confirm their identify and moves their funds from their online wallet on their smartphone.
With the bitcoin ATM, users scan their hand to confirm identity, then funds move to or from a virtual wallet on their smartphone.
They will have the option of receiving a paper voucher proving the transaction.
Las Vegas-based company Robocoin are overseeing this operation, and chief executive Jordan Kelley explained their method of introducing the bitcoin system into the mainstream.
"It's as easy as walking up to a machine, scanning your hand, entering some cash and buying bitcoin," he said.
"With this, it's a 2-minute process. For any online exchange, it's at least two days."
"We think the Vancouver market is enormous and we're excited to be here," Mr Kelley added.
"By the end 2013, we'll be all over Canada. By the end of 2014, we'll be all over the world, including the United States."
There are plans for four more bitcoin ATMs in Canada.