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'The Wild West': Bitcoin ATMs turn cash into anonymity

From firstcoastnews.com

A Coke, some chips, maybe a lotto ticket: A trip to the convenience store is defined by the most conventional transactions. But increasingly it’s also a portal to the world of digital finance and a tempting path to illicit activity. There are now more than two dozen Bitcoin ATMs in the Jacksonville area. Similar in appearance to traditional ATMs, they are used to convert physical currency into a digital form – something that makes it virtually untraceable. “The saying with bitcoin ATMs now is ‘it’s not the Wild West, it’s actually anarchy,’" said Greg Kipper, cyber forensics expert and Vice President of Paraben, an IT ... (full story)

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