The cash machine may help boost bitcoin's legitimacy, said Sam Ditzion, the CEO of Tremont Capital Group, an ATM industry consulting firm based in Boston. The introduction of ATMs in the late 1960s "changed forever the entire global economy because the infusion of currency into the global society was astronomical," he said.

Moyal, the lawyer who volunteered to try out the new ATM last week, has encouraged clients to pay for his legal services using bitcoin. After using the cash machine, he spent the evening explaining the benefits of bitcoin to people who stopped by to see what all the commotion was about.

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