CASASCIUS An example of a bitcoin banknote.
Spencer Noon thinks bitcoin is going to change the world.
The cryptocurrency -- currently worth about $575 per unit -- was created as an anonymous, digital means to provide verifiable online transactions outside the realms of governments and regulations. Despite high profile setbacks like the Mt. Gox disaster, in which $460 million worth of bitcoin simply disappeared from the world's largest bitcoin exchange, Noon and his startup, BTCity, think that there's enough demand for brick-and-mortar purchases that it's planning to install a series of ATMs to dispense bitcoins around the United States.
BTCity plans to put one of its first machines in Dallas, making the city the second in Texas, after Austin, to have one.
"We narrowed in on Dallas after surveying the biggest cities in the country and ultimately decided the area was a perfect fit in terms of demographics and sentiment towards virtual currencies," Noon says.More »