Bizarre moment Bitcoin ATM spews out £20 notes at Bond Street Tube Station


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THIS is the astonishing moment an ATM user looks like he has struck the jackpot when a Bitcoin cashpoint machine starts spewing out wads of notes.

The bizarre moment – all captured on film – happened at London’s Bond Street tube station in front of dozens of stunned commuters.

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Dozens of £20 notes were seen spilling out of the Bitcoin cashpoint machineCredit: youtube

On the 20-second clip, initially shared on Reddit, a security guard is seen shielding the machine to stop anybody doing a runner with the money.

Onlookers watch in total shock as dozens of £20 notes spill down into and around a duffel bag at the foot of the machine.

Another rather embarrassed looking man is seen sweeping the notes towards the overflowing black bag with his foot.

The footage sparked many to speculate the machine had been hit by a “jackpotting” bug – which can make individual machines spit out money willy-nilly.

However, the Polish company which owns machine insists one of its customers was actually just withdrawing a bumper amount when notes started spilling everywhere.

Adam Gramowski, owner and CEO of Bitcoin Technologis, said it looks like the machine was struggling to handle the UK’s “small denomination” notes.

He said: “As you can see there is a bag in the front of ATM. However our ATMs support large transactions and it is fair to say that a larger, redesigned presenter would be a good solution.

“Our customer was not particularly careful, although the ATM should be redesigned to cope better with small denominations used in the UK.”

His company has 60 specialist Bitcoin ATMs in Europe and there are now an estimated 300 others up-and running in the UK.

They are used for withdrawing Bitcoin and other cryptocurrencies in cash – with maximum withdrawals running into the thousands.

Users can also use them to buy Bitcoin with money and have the purchased cryptocoins sent to their software or hardware wallets.

 One man man was seen sweeping the £20 notes towards the overflowing bag

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One man man was seen sweeping the £20 notes towards the overflowing bagCredit: youtube