The world's first bitcoin ATM is set to go online on Tuesday in Vancouver, Canada.
Built by Robocoin, the ATM will trade the digital currency for cash and vice versa.
Bitcoin is the world's most popular electronic currency and it previously existed only on the internet but can now be traded for traditional cash.
The Robocoin ATM works by first scanning the user's palm to ensure they do not make multiple deposits and avoid money-laundering.
The money is traded in real time on Canada's VirtEx exchange, moving it into the user's online bitcoin wallet.
After completion, the user is provided with a QR code on screen and a receipt.
Robocoin ATMs could be set up across the world and a blog on the company's website says it has received inquiries from more than 20 regions including Australia, Prague, Kenya, Ireland, the Philippines and Thailand.
It adds: "We are incredibly passionate about the product we've put together. Robocoin will be the easiest, quickest, most convenient way to both buy and sell bitcoin ever.
"Say goodbye to pesky bank wires, archaic verification processes, and weeks of waiting time to get money converted. Using only the best bank grade hardware, Robocoin is capable of instantly handling transactions in the thousands of dollars.
"Not only does this provide incredible convenience for Bitcoin owners, but this also has the potential to change the entire remittance industry."
The ATM which costs £12,350 will operate near the entrance of a downtown Vancouver coffee house.