Lamassu launches new model of cryptomats

Lamassu has launched a new model of crypto-machines Lamassu crypto-machine developer, after a hiatus of several years, introduced a new Tejo model with support for six cryptocurrencies.

The new cryptomat has a minimalistic design that fits comfortably into any space. Inside, there is space to install additional cash boxes, which triples its capacity in terms of the number of banknotes.

Tejo supports six cryptocurrencies: Bitcoin (BTS), Ethereum (ETH), Bitcoin Cash (BCH), Zcash (ZEC), Dash (DASH) and Litecoin (LTC). The cryptomat has an electronic lock for accepting cash. This is due to the fact that Garda, Loomis and Brinks collection services require pre-installed locks to provide their services. Tejo could be converted to an industry-leading lock, the Dormakaba Cencon, if necessary.

Right now, operators can control the machine through a central server. Fixed fees can be changed, limits can be added, and more. The company’s goal is to simplify the user interface and give operators all the tools no matter what country they are in.
The first batch of Tejo was released this September. The planned software release will add support for Monero (XMR). Soon, operators will allow users to buy and sell XMR and USDT. The retail price of the crypto machine is set at €5800.

“We have been in the industry for a long time and have used our experience to design the crypto machine with the aspects that we believe are most important to today’s operators. We designed Tejo to simplify cash collection and for operators who want to manage large ATM networks,” said the Limassu team.

Lamassu, founded by brothers Zack and Josh Harvey in 2013, develops crypto machines. In 2014, a two-way exchange crypto machine was released. In 2016, it added DASH altcoin service, and in 2017 it announced the connection of Bitcoin Cash (BCH). Many companies are engaged in the development of such technologies. By the summer of 2021, more than 24,000 cryptocurrencies had been installed worldwide, and demand continues to grow.