Two years ago, Zach Harvey and his brother, Josh, were saddled with a failing guitar shop selling vintage and handmade pieces in New Hampshire. The guitar venture had once been a roaring success, but that had been in Tel Aviv, before the duo decided to move back to the United States.
On the verge of shutting down the company, the brothers started casting around for a new project to take their minds off the struggling business. They had come across bitcoin before, in 2011, but did nothing more with it besides deciding that they would accept bitcoin payments for their guitars.
Now, they decided to try and solve the problem of buying bitcoin. It was too complicated. They built a prototype of a machine that would dispense bitcoin in exchange for fiat. It was essentially a wooden box filled with components purchased on eBay. Harvey recalls:
via CoinDesk http://ift.tt/1tLZz9m
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