Lancaster County may be on the forefront of a worldwide digital revolution of your wallet. <\/p>\n
Video: Watch Mike Straub's report <\/p>\n
At Lancaster's four54 Grill the payment is cutting edge. <\/p>\n
The restaurant is the only place in Pennsylvania with a bitcoin ATM. <\/p>\n
Think of bitcoins as digital cash, no credit cards, no debit cards, so none of that information that identity thieves like to get their hands on. It can be used all over the world without any fees whatsoever for customers or businesses. <\/p>\n
Eric Grill is the CEO of Coin-outlet, the company behind bitcoin at ATMs.<\/p>\n
You're able to do many things with bitcoin that you can't do with traditional currency, Grill said. I can send it to China with no fees. I can send it to India, send to Africa without having to pay Western Union fees.<\/p>\n
Soon they will place hundreds of the machines all over the world, but Grill lives in Lititz, so thought Lancaster was a perfect place to start.<\/p>\n
At the machine you can buy bitcoins to use anywhere in the world or sell coins to get physical money. Either way, your personal info is not used, keeping hackers out of the picture.<\/p>\n
Many top online retailers, like Amazon are accepting bitcoin for payment. Its also finding increased acceptance in small businesses because owners don't have to pay credit card or bank fees for customer transactions. <\/p>\n
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See the article here: <\/p>\n
Bitcoin ATM can be found in Lancaster<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Lancaster County may be on the forefront of a worldwide digital revolution of your wallet. Continue reading