Boxing champion Mike Tyson's Bitcoin ATM is not working properly

Mike Tyson is excited about the prospect of joining the Bitcoin community. With the help of his partner Bitcoin Direct ( a subsidiary of Conexus ), Tyson launched his first Bitcoin ATM at the LINQ hotel in Las Vegas .

According to users who tried the Bitcoin ATM , it simply doesn't work properly. A waitress at the hotel told people who wanted to use the machine that the last time someone tried to use it , the machine swallowed a $ 1 bill and didn't convert it. The new user put in $ 20 , and the machine swallowed the money and still didn't respond. What's more, there is no contact information on the machine for any such problems.

Tyson announced his Bitcoin ATM in August . The MikeTysonBitcoin.com website once wrote: " Tyson's fastest knockout time in the ring is 30 seconds, and the Tyson Bitcoin ATM converts your cash into Bitcoin in 20 seconds . " It now redirects to the MikeTysonLive.com website, which rarely mentions Tyson's involvement with Bitcoin.

At the time of the announcement, CryptoCoinsNews questioned the legality of such a Bitcoin ATM .