Bitcoin, a cryptocurrency, got it first ATM about a year ago. Today, Vox is reported that there are now 285 Bitcoin ATMs around the world, making it easily to send cash than ever.
To send cash, users no longer have to turn to places like Western Union or Moneygram. At a Bitcoin ATM, a user converts dollars to Bitcoins and sends that to the recipient who then converts the currency into cash.
The money clears in about 60 minutes, but users can expect to pay fees as high as 5 percent at the end of each transaction.