29 July 2015

Bank of Ireland rejects bitcoin ATM firm's account request

11 March 2014  |  3521 views  |  0 bitcoins

Inconsistencies in the Irish banking industry's attitude to crypto-currencies have emerged after Bank of Ireland refused to let a bitcoin ATM outfit open an account before AIB stepped in to say it could work with the firm.

BitVendo tweeted yesterday that Bank of Ireland refuses to open accounts related to bitcoin "due to the nature of the business".

The firm then tweeted rival banks asking for their help, receiving a reply from AIB suggesting that it holds a different position from BofI:





BitVeno says it will apply for an account with AIB but it also has other worries after having to hastily change the site of its first bitcoin ATM.

It had intended to install the Lamassu-made machine this week in Hippety's Cafe in the Temple Bar area of Dublin but the shop pulled out at the last minute meaning the ATM will now be in a nearby electronics store.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

07 March, 2014
07 March, 2014
06 March, 2014
03 March, 2014
25 February, 2014
31 October, 2013
28 October, 2013

Related company news

 
Your browser is unable to support Flash files.


Top topics

Most viewed Most shared
Visa confirms Visa Europe acquisition talk...
9068 views comments | 16 tweets | 22 linkedin
Square reportedly files for IPO
6337 views comments | 16 tweets | 13 linkedin
Banks lag manufacturers and telcos in race...
6170 views comments | 28 tweets | 15 linkedin
Wells Fargo creates innovation group
5813 views comments | 15 tweets | 9 linkedin
BNP Paribas explores the blockchain; SocGe...
5629 views comments | 12 tweets | 15 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job