The Currency of the Future? Visit the Bitcoin ATM at the 2014 SXSW Trade Show

Written by Hugh Forrest | February 21, 2014

Visit the Bitcoin ATM at the 2014 SXSW Trade Show

Virtual currencies (such as Bitcoin) will be the focus of numerous sessions at the 2014 SXSW Interactive Festival, including an interview with Fred Ehrsam of CoinBase on Monday, March 10. Indeed, the digital creatives who come to Austin in March are fascinated with how these new online systems will potentially revolutionize the way our society conducts monetary transactions.

If this topic interests you, then you will want to visit the SXSW Trade Show to check out one of the first Bitcoin ATMs to hit the market. Bitcoin ATMs (along with online exchanges) are the first pieces of solving the Bitcoin liquidity issue. Why? Because without access for people to utilize the digital currency, the virtual currency concept is pretty much just fluff. Mylocalbitcoinatm.com (the vendor who will be displaying the unit at the SXSW Trade Show) was recently profiled in USA Today. Comments company founder Reza Piri of Austin:

"Like credit cards in the 80s, Bitcoin is taking its place in the monetary system in 2014. Bitcoin is great because it has all the portability of a credit card on your phone and bitcoin can now be redeemed locally at these ATMs. The market is really developing and we are glad to be a part of it early on. We want to help mainstream the digital currency across the state and help develop the financial market for it.”

The SXSW Trade Show runs Sunday, March 9 through Wednesday, March 12 at the Austin Convention Center. You must be a SXSW badge holder to attend the Trade Show. Register now so that you can check out this Bitcoin ATM as well as network with the more than 400 other businesses from across the US and around the world that will be part of this exciting exhibit space in 2014.