Plan to Launch 1,000 US Bitcoin ATMs Collapses Amid Alleged Misconduct

A previously announced business partnership between BitXatm and CryptVision that would have resulted in the launch of 1,000 bitcoin ATMs in the US has been dissolved.
First revealed on 20th July, the deal made CryptVision the exclusive provider of BitXatm bitcoin ATMs in the US and Canada. At the time, Los Angeles-based CryptVision aimed to establish itself as one of the more prominent bitcoin ATM operators in North America, while Germany-based BitXatm aimed to further its presence outside of Europe.
The news was first detailed in an 8th September blog post published by BitXatm that announced it would withdraw from the partnership, effective immediately, alleging that CryptVision ‘never conducted any organized effort to secure new customers as stipulated by the agreement’.

This post was published at Coin Desk on September 15, 2014.