According to company press materials, Robocoin, which debuted the first Bitcoin ATM in October, allows the buying and selling of Bitcoin from freestanding kiosks that integrate user-friendly software, bank grade hardware and security, and 100 percent Federal compliance capabilities.
After the D began accepting Bitcoin just a block away from the Robocoin headquarters, co-owner and CEO of the D Derek Stevens and Robocoin CEO Jordan Kelley met and put a plan into motion to bring a Bitcoin ATM to downtown Las Vegas. The ATM will allow customers to deposit cash into their Bitcoin wallets as well as exchange Bitcoin for dollars. The D accepts Bitcoin as payment at the hotel’s front desk, American Coney Island, Joe Vicari’s Andiamo Italian Steakhouse, D Grill and in the D’s gift shop.
Bitcoin cannot be used for gaming at the D. However, Robocoin has shared its industry-leading compliance measures with the Nevada Gaming Control Board. “Robocoin has emerged as Bitcoin’s leader in Anti-Money Laundering / Know Your Customer compliance,” said Kelley. “Last month, we demonstrated our capabilities in front of Congress and this month we’ll launch in the highly regulated state of Nevada. These are all signs of Bitcoin maturity and institutional acceptance.”
“We’re proud to be the first casino property to accept Bitcoin and we’re excited to offer our customers the convenience of a Bitcoin ATM.” Stevens added, “the D and Robocoin are both located in the growing high-tech hub of downtown Las Vegas which made this a natural fit but we ultimately chose Robocoin because it is easy to use, extremely secure and one of the best brands in Bitcoin.”
Stevens opened the D in 2012, introducing a hotel casino to match the trendy, forward-thinking style of the burgeoning downtown Las Vegas neighborhood. To create the modern vibe, the existing property located on the Fremont Street Experience received a complete overhaul incorporating chic design elements, renovated guest rooms, a collection of high-end suites and a variety of entertainment, nightlife and culinary offerings alongside the casino.