Call it the dawn of the bitcoin ATM.
In Austin, Texas, on Thursday, Robocoin is unveiling the first of what it intends to be many bitcoin ATMs around the world, including at least seven in the United States by May.
"We will be all over the world before end of spring," CEO Jordan Kelley told CNBC.
The ATMs are being manufactured in Arizona, and the company has the ability to make 200 to 250 units per month.
Bitcoin is the cryptocurrency that's not backed by the U.S. or other governments, isn't backed by banks, and has no physical assets backing it. Since its introduction in 2009, the value of a bitcoin has fluctuated, but it was priced as high as $1,000 in December. Currently, one bitcoin is worth around $600
Robocoin's first bitcoin kiosk was in Vancouver, Canada, and Kelley says the company has processed over $1 million in total transactions in less than a month. That kiosk is averaging 50-60 transactions per day, Kelley said.
For most consumers, security and reliability are big issues, and Robocoin aims to provide high-quality security.
(Read more: Regulators and hackers put bitcoin to the test)