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Robocoin announced a new bitcoin wallet for consumers called Robocion Wallet.

Robocoin CEO Jordan Kelley explained that the principal selling point unique to the new product is the ability for wallet users to instantly convert bitcoins to cash at its locations around the globe: “Now, if I want some cash, I’m no longer sending bitcoin to the machine and waiting for the confirmation and then going back and scanning a receipt. All I’m doing is I walk up to the machine, tap ‘withdraw’, I pick how much money I want and it instantly cashes out.”

See below for more about this new product and how Robocoin is targeting the unbanked: