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Decoding Bitcoins: The South Station Kiosk

Paul Watts of Newton tries out the bitcoin kiosk at South Station while Liberty Teller co-founder Chris Yin helps. (Anna Taylor/WBUR)

Paul Watts of Newton tries out the bitcoin kiosk at South Station while Liberty Teller co-founder Chris Yin helps. (Anna Taylor/WBUR)

The next time you catch a train at South Station you may be tempted to buy bitcoins to go with your morning coffee. They’re available at a convenient ATM. The bitcoin is a currency you can buy online. But there is now a physical plastic machine in Boston where you can go spend your money on cyber money. And it’s the first of its kind in the U.S.

Guest

Hiawatha Bray, Boston Globe technology writer. He’s author of “You Are Here: From the Compass to GPS, the History and Future of How We Find Ourselves.” He tweets at @GlobeTechLab.

More

The Boston Globe: You Can Buy Bitcoins At South Station

  • “The ATM at Boston’s South Station snatched the money from my hand and didn’t even give me a receipt. But my smartphone’s green glow let me know I had just invested $5 in the world’s most controversial, questionable, and exciting new currency, the bitcoin.”

Liberty Teller: Bitcoin In Under 30 Seconds

  • “Get bitcoin in just a few seconds from the Liberty Teller kiosk at our new South Station location. We are next to Track 6 of the train platform.”

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  • Chip Highfield

    Hiawatha’s Globe article is a little more informative as to the WHOLE nature of Bit-coin; that it is something like a commodity on the market, with your Bit dollars’ value going up and down- VERY Speculative! In the just broadcast interview he enthuses like an infomercial promoter for the company, finally mentioning the speculative nature of bit coins. I must say, Meghana didn’t head for that crucial factor, letting Hiawatha’s hawking go on and on until the final by-the-way you can lose money. I don’t get why this is a useful medium for retail consumers when it is so speculative.

  • Chip Highfield

    Hiawatha’sGlobe article was a little more informative as to the WHOLE nature of bit-coin. He went on and on in the broadcast like a shill for the company, finally getting to the fact that bit coins are like a commodity on the market- VERY speculative- you can lose the value of your bit dollars overnight! I must say, Meghna didn’t head for that fact and should have pretty quick. I don’t get why bit coin is useful for any of us retail consumers. Seems like a game for currency speculators and, I guess, criminal activities.

  • ArtStoneUS

    Does the machine mention what price you are paying?

    Can it convert bitcoins back into dollars? What is the “spread”?

Hosts Meghna Chakrabarti and Anthony Brooks introduce us to newsmakers, big thinkers and artists and bring us stories of relevance to Bostonians here and around the region. Live every weekday at 3.

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