25 August 2016
Find out more

Bank of Ireland rejects bitcoin ATM firm's account request

11 March 2014  |  4194 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)

Finextra news in your inbox

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

Related stories

Forget bitcoin, let's ban hard cash urges US congressman

Forget bitcoin, let's ban hard cash urges US congressman

07 March 2014  |  6514 views  |  6 comments | 16 tweets | 15 linkedin
Man denies being bitcoin creator as he leads car chase

Man denies being bitcoin creator as he leads car chase

07 March 2014  |  5957 views  |  1 comments | 3 tweets | 1 linkedin
Bitcoin inventor 'found'; Singapore virtual currency exchange boss dead

Bitcoin inventor 'found'; Singapore virtual currency exchange boss dead

06 March 2014  |  5185 views  |  0 comments | 4 tweets | 2 linkedin
UK rejects VAT on bitcoin trades

UK rejects VAT on bitcoin trades

03 March 2014  |  4652 views  |  0 comments | 7 tweets | 6 linkedin
MT Gox goes up in smoke. Is this the end for bitcoin?

MT Gox goes up in smoke. Is this the end for bitcoin?

25 February 2014  |  6724 views  |  5 comments | 15 tweets | 10 linkedin
HSBC man is first in line as bitcoin ATM racks up $10K on inaugural outing

HSBC man is first in line as bitcoin ATM racks up $10K on inaugural outing

31 October 2013  |  11181 views  |  0 comments | 13 tweets | 8 linkedin
First bitcoin ATM set to go live

First bitcoin ATM set to go live

28 October 2013  |  7755 views  |  5 comments | 17 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit equens.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
8464 views 0 | 55 tweets | 46 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
7122 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
6669 views 10 | 22 tweets | 8 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6202 views comments | 17 tweets | 19 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job