CEO and founder Jordan Kelley said the decision to bring their first Bitcoin ATM to Austin was influenced by several factors. The Austin ATM is owned by Las Vegas-based Robocoin. The new Bitcoin ATM represents a big step in the process of trying to brand Bitcoin as a more “mainstream” form of currency. As previously reported by KUT, Bitcoin was created for and traditionally used as a web-based currency, but some are attempting to move the currency offline. launched today, and it’s right here in Austin.īitcoin is a form of digital currency that was first developed in 2009 it is a peer-to-peer payment system that operates outside of a central authority or bank. The first cash-dispensing Bitcoin ATM machine in the U.S.