Empowering Decentralization: Lamassu's Impact on Crypto ATM Accessibility

12 June 2023

Dive into the world of Lamassu as we explore their journey since 2013, from Portugal's innovation hub. Learn how their cutting-edge Bitcoin ATMs, such as Grândola and Aveiro, offer top-notch cash recyclers and an intuitive experience for both operators and users.

General Informations

Lamassu is a well-known company in the cryptocurrency industry that specializes in manufacturing Bitcoin automated teller machines (ATMs). Founded in Portugal in 2013 by brothers Zach and Josh Harvey, Lamassu gained popularity for being one of the pioneers in developing and distributing Bitcoin ATMs.

Owners and founders

Zach and Josh Harvey are the co-founders of Lamassu, a prominent company in the cryptocurrency industry specializing in manufacturing Bitcoin automated teller machines (ATMs). Here's some information about the Harvey brothers:

Zach Harvey

1. Zach Harvey:
  • Zach Harvey is a co-founder of Lamassu, where he has played a significant role in shaping the company's success.
  • He is known for his entrepreneurial spirit and deep involvement in the cryptocurrency space.
  • Alongside his brother Josh, Zach was instrumental in the development and launch of the first Lamassu Bitcoin ATM.
  • As a co-founder, Zach has been actively involved in guiding Lamassu's strategic decisions, product innovations, and overall business operations.

Josh Harvey

2. Josh Harvey:
  • Josh Harvey is the co-founder of Lamassu and has worked closely with his brother Zach to build the company from the ground up.
  • He shares a passion for technology and innovation, which drove them to enter the Bitcoin ATM industry.
  • Together, they successfully designed and launched Lamassu's Bitcoin ATMs, providing a user-friendly platform for buying and selling cryptocurrencies.
  • Through their work at Lamassu, Josh has contributed to the wider adoption and accessibility of cryptocurrencies, particularly Bitcoin.


Lamassu ATMs allow users to buy and sell Bitcoin in a quick and convenient manner, making it easier for people to access the cryptocurrency market. The machines are designed to be user-friendly, with a simple interface that allows users to interact with the ATM using their smartphones.

Grândola Model

One of the significant features of Lamassu ATMs is their focus on privacy and decentralization. Unlike traditional ATMs, Lamassu machines do not require users to provide personal identification or create an account, maintaining a certain level of anonymity for users.

In line with their user-centric approach, Lamassu focuses on creating friendly and intuitive experiences at their ATMs, even during the onboarding process that may require KYC (Know Your Customer) procedures. The end-user interface is clean and approachable while still offering advanced options for the operators.

For their 2023 lineup, Lamassu proudly introduces the Grândola and Aveiro models as the headliners. Both machines feature high-end cash recyclers, significantly reducing the need for cash collections and maintenance. The Grândola makes history by being the first Bitcoin ATM to include a bank-grade recycler, processing stacks of 200 notes at an impressive rate of 8 notes per second, boasting an unparalleled total capacity of 13,700 notes protected by a 6mm-thick Hardox steel vault.

The Aveiro offers exceptional recycling performance while being the slimmest Bitcoin ATM on the market, making it perfect for fitting into tight spaces. It processes batches of 50 notes at a rate of 3 notes per second and features a modular recycler that can be tailored to meet operators' specific cash management requirements.

Aveiro Model

Additionally, Lamassu's flagship Tejo is a native two-way machine, offering operators the flexibility of auditable locks, one-way or two-way setups, a receipt and paper wallet printer, and various high-capacity cash configurations.

Tejo Model

For those seeking a more affordable option, the Gaia stands out as a classic cash-to-crypto machine, designed to be easily mounted on a wall, table, or stand. Its compact size allows for easy transportation in a flight case, making it a versatile choice for various locations.

Gaia Model

Detailed information

Here is more detailed information about some of their notable models:

  1. Grândola:
    1. The Grândola model is known for being the industry's first Bitcoin ATM to feature a bank-grade cash recycler.
    2. It can process stacks of 200 notes at an impressive rate of 8 notes per second, significantly reducing the need for cash collection and maintenance.
    3. The ATM boasts an unrivaled total capacity of 13,700 notes, ensuring seamless and efficient operations.
    4. The Grândola's cash vault is constructed with 6mm-thick Hardox steel for enhanced security and protection.
    5. Prices: from $32,885 to $32,885 depending on the configuration.
    6. Discounts: up to 7% depending on the quantity in the order.
    7. Shipping dimensions: 375 kg, 78 ✕ 80 ✕ 172 cm.
  2. Aveiro:
    1. The Aveiro model offers high-end recycling performance and is considered the slimmest Bitcoin ATM available on the market.
    2. It can process batches of 50 notes at a rate of 3 notes per second, providing a balance between efficiency and space-saving design.
    3. The Aveiro features a modular recycler that can be customized to suit the specific cash management needs of operators.
    4. Its compact size makes it an ideal choice for locations where space is limited.
    5. Prices: from $15,212 to $19,759 depending on the configuration.
    6. Discounts: up to 7% depending on the quantity in the order.
    7. Shipping dimensions: 155 kg, 49 ✕ 71 ✕ 175 cm.
  3. Tejo:
    1. Lamassu's flagship model, Tejo, is a native two-way machine, allowing users to buy and sell Bitcoin seamlessly.
    2. Operators can customize the Tejo with various options, including auditable locks, one-way or two-way setups, receipt and paper wallet printers, and different high-capacity cash configurations.
    3. The Tejo model offers versatility and adaptability, making it suitable for a wide range of deployment scenarios.
    4. Prices: from $7,494 to $12,489 depending on the configuration.
    5. Discounts: up to 9,5% depending on the quantity in the order.
    6. Shipping dimensions: 165 kg, 150 ✕ 60 ✕ 70 cm.
  4. Gaia:
    1. The Gaia model is designed as an affordable and classic cash-to-crypto machine, providing a simple and straightforward way for users to purchase Bitcoin with cash.
    2. Its compact design allows for easy mounting on walls, tables, or stands, making it a flexible choice for deployment in various settings.
    3. The Gaia's portability is emphasized by its size, as it can easily be transported in a flight case, offering convenience for event-based installations.
    4. Prices: from $4,922 to $5,308 depending on the configuration.
    5. Discounts: up to 8,5% depending on the quantity in the order.
    6. Shipping dimensions: 41 kg, 56 ✕ 48 ✕ 48 cm.
  5. With their unwavering commitment to innovation and user experience, Lamassu continues to be a driving force in the cryptocurrency ATM industry, providing cutting-edge solutions for both operators and cryptocurrency enthusiasts alike.

    Key points

    Over the years, Lamassu has expanded its product offerings and introduced various models of Bitcoin ATMs to cater to different markets and customer needs. Their machines are used by various businesses and individuals worldwide, contributing to the widespread adoption of cryptocurrencies.

    As of 2021, the company had manufactured and deployed over 700 Bitcoin ATMs worldwide since its founding in 2013. Their Bitcoin ATMs are well-known for several characteristics that make them stand out in the crypto ATM market. Some of the notable characteristics include:

    1. Robust Design: Lamassu's ATMs are built with a robust and durable design, making them suitable for high-traffic locations and ensuring long-term reliability. The use of quality materials and construction contributes to the overall durability of their machines.
    2. User-Friendly Interface: Lamassu places a strong emphasis on creating a user-friendly experience for both operators and end-users. The intuitive interface allows customers to easily and seamlessly buy or sell Bitcoin with cash.
    3. High-Quality Components: The ATMs are equipped with high-quality components and hardware to ensure smooth and efficient operations. This includes cash recyclers, bill validators, and other essential components that contribute to the ATM's performance.
    4. Versatility: Lamassu's ATMs are designed to be versatile and adaptable to various deployment scenarios. They offer different models to cater to different needs, whether it's a two-way ATM for buying and selling Bitcoin or a more compact cash-to-crypto machine for specific locations.
    5. Compliance and Security: The company places a strong focus on compliance with regulations and industry standards, ensuring that their ATMs meet essential requirements for KYC (Know Your Customer) procedures and anti-money laundering (AML) measures. Security features are also implemented to safeguard both the machines and user transactions.
    6. Open-Source Software: Lamassu's ATMs run on fully open-source software, which allows operators to have complete control over their machines. This openness promotes transparency and encourages the development of innovative solutions by the crypto community.
    7. Ongoing Support and Updates: Lamassu provides ongoing support and regular updates to ensure their ATMs remain up-to-date with the latest features and security enhancements. This commitment to continuous improvement ensures that operators and end-users have a positive experience with their machines.
    Overall, Lamassu's Bitcoin ATMs are recognized for their robustness, reliability, and user-friendly design, making them a popular choice among both operators and cryptocurrency enthusiasts looking for convenient ways to access the crypto market.


    Lamassu, a pioneering company in the cryptocurrency industry, has been at the forefront of innovation since its founding in 2013. Established by the Harvey brothers, Zach and Josh, the company's headquarters in Portugal serves as the hub for crafting and shipping their expertly-crafted Bitcoin ATMs worldwide.

    One of Lamassu's remarkable attributes is its commitment to decentralization, empowering operators to have complete control over their machines and open-source software. By forgoing a share of operators' commissions and charging only a flat fee for support and updates, Lamassu fosters a mutually beneficial partnership.

    The company's dedication to user experience is evident in their friendly and approachable onboarding process, ensuring an intuitive interface for both operators and customers. Lamassu's lineup of machines caters to various needs, with models like Grândola and Aveiro featuring high-end cash recyclers for reduced maintenance and enhanced efficiency.

    As Lamassu continues to make strides in the crypto ATM industry, their machines are revered for their robustness, reliability, and versatility. With a focus on compliance, security, and ongoing support, Lamassu remains a driving force in the growing landscape of cryptocurrency adoption and accessibility.

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Authors and Editors

Valerie Walker
Content Writer
I'm Valerie, an accomplished freelance writer with a decade of expertise across diverse industries. Over the years, I have honed my skills and developed a deep understanding of various fields, enabling me to deliver exceptional content tailored to specific niches.
Scott Smith
Company Founder
Scott Smith is an investor, personal finance writer. Scott has worked in the finance and investing industry for for over ten years.
Mark MacRae
Fintech blogger
Hello, I'm Mark, a dynamic and ambitious fintech blogger from the vibrant state of Texas. With a strong educational background and a passion for the intersection of finance and technology, I am dedicated to making a mark in the world of financial technology.