The machine is located at a Vancouver coffee shop called Waves Coffee. The machine is owned by another Bitcoin startup called Bitcoiniac. Kelley says the start-up has purchased five machines from Robocoin for $20,000 each. Bitcoiniac plans to deploy its machine in Toronto, Montreal, London, and Berlin. Kelley says a number of other cities, including Boston, Los Angeles, and San Francisco, are slated to get Robocoin machines in early 2014.
The Vancouver machine charges a transaction fee between 3 to 5 percent, with the money split between Robocoin and Bitcoiniac.
Since Robocoin launched near the end of October, the price of Bitcoins on the Bitstamp exchange has increased from around $200 to more than $260 today.