More news about Lamassu Industries

Bitcoin ATM manufacturer Lamassu moved to Switzerland

02.01.2019 15:35
Lamassu ATMs

Switzerland’s attractive regulatory environment for the crypto industry and the thriving Crypto Valley attracts another well-known company. Lamassu, one of the largest bitcoin ATM manufacturers moved to Switzerland.

Founded in 2013 by Josh and Zach Harvey, Lamassu is one of the first Bitcoin ATM producers and oldest Bitcoin companies still operating today. According to a recent post by dcresearch, Lammasu is the third largest manufacturer of Bitcoin ATMs worldwide.

Since autumn, the company is headquartered in the Canton of Lucerne. In a blog post, which was published on 1 January, CEO Zach Harvey explains that Lamassu want to be in a place where rules are well defined and regulators are pro-innovation.

He mentions the bank account as an example. “We’ve been bankless for the past year. We must have been rejected by fifteen banks just because we manufacture terminals for Bitcoin. Note that as a company we only manufacture hardware and take no part in trading or storing cryptocurrencies. Just as we arrived in Switzerland we had a nice chat with a small bank in Canton Aargau and now we have a full account at a bank that is completely aware of our business model and happy to have us on board. In fact, you should expect to see one of our cryptomats in their headquarters early this year.”

Lamassu is well connected to the Crypto Vally. Lucas Betschart, President Bitcoin Association Switzerland, is member of the board of Lamassu Industries AG. In addition the company launched a monthly meetup dedicated to ideas of privacy, free speech, free markets, decentralization and cryptoanarchy. The first event will take place on 19 January. If you’re interested, follow Luzern Cypherpunx on Twitter: @LUCPunx

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