We love Mashable for giving us up-to-the-minute tech news, but a recent snafu shows us that they are not immune to the “reporting on a less-than-accurate press release” phenomenon.
Here’s the deal: “bitcoin” is a new kind of digital currency that’s popping up all over the news. The appeal behind the product is the ability to deposit, exchange and spend money without going through a bank (ICYMI, people aren’t too keen on banks right now). In Europe, which is still suffering through the aftershocks of the latest economic crisis, more and more people have become interested in the bitcoin concept — and yesterday several sources including Mashable reported on this press release announcing entrepreneur Jeff Berwick‘s plans to open the “world’s first bitcoin ATM machine” in Cyprus, the country hardest hit by the current crisis. (Note: “plans” is the key word in that sentence.)
The problem? The ATM featured in the video below is not the one mentioned in the PRWeb release — and it wasn’t created by Jeff Berwick.