Home Lightning Strike Taps Bitcoin ATM For Ultimate Withdrawal

Lightning Strike Taps Bitcoin ATM For Ultimate Withdrawal

Just days before Apple welcomed the world’s most popular bitcoin wallet, Blockchain, back into its App Store, a lightning strike took out Arizona’s one and only Bitcoin ATM. 

Coincidence? 

Well, obviously. But that’s no comfort to Brian Williams, founder of Javelin Investments LLC and the machine’s owner and operator. “It’s kind of like getting punched in the face,” he told azcentral.com, after a power surge possibly caused by lightning blew through Bookmans Entertainment Exchange in Tucson, Ariz., where the ATM was housed. 

Before the unfortunate act of God that took out the state’s first Bitcoin ATM, around 12 people took advantage of the newfangled money changer, Williams said. Since the machine’s March installation, most of the dozen early adopters used it to purchase $5 or $20 in bitcoin, which was transferred to their digital wallets for easy cellphone purchases via QR code. 

See also: Why We’ll Still Care About Bitcoin Even If It Fades

One customer attempted to buy an entire bitcoin for $600, but the purchase, much like the power surge, proved too much for the machine to handle. Williams had to finalize the exchange via laptop. 

There are currently 145 bitcoin ATMs worldwide and about 25 in the United States … well, approximately 24 now. If the idea of Bitcoin ATMs seems silly to you, check out all the new ways to spend bitcoin that popped up while you weren’t paying attention. 

Whether or not Williams’ $1000 ATM, purchased from Skyhook, can be saved, remains to be seen. “I’m trying to pick up the pieces and trying to figure out where we are at,” he said.

The same could be said for Bitcoin. 

Lead image created by Adriana Lee for ReadWrite, using images by Flickr users Jason Benjamin, Brian Tomlinson and onnola

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.