Meet Chris McAlary, CEO and Founder of Coin Cloud

The Wild West

After throwing together his own Bitcoin mining rig — his first-ever attempt at building computer hardware — and writing his own scripts, McAlary was able to mine his first bitcoins. But the problem remained with how to trade it. By then local decentralized markets had cropped up, which allowed members to connect personally and make their own deals. These early bitcoin-for-cash trades were done face-to-face with strangers, in seedy places like coffee shops and casinos. There was no guarantee you wouldn’t get scammed, robbed or worse. After a handful of questionable experiences, McAlary no longer wanted to take his chances with risky in-person meetings. He knew there had to be a better way.

Bitcoin ATMs

In 2013, he came across Robocoin, a Las Vegas company that had created a Bitcoin ATM prototype. Due to strict regulations in the US, that first BTM was installed in Vancouver, BC. Suddenly, history was made.

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Coin Cloud

Coin Cloud

169 Followers

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.