In a major attempt of becoming a more environmentally friendly society, a Dutch company has installed bike dispensers in Amsterdam. Each bike has RFID chips to keep track of the bikes that can be rented at one location, and dropped off at another. Trendhunter says the bicycle-rental stand won the 2007 Spark Design & Architecture Awards, and seems to be a reality in Amsterdam. The bikes look a little strange, but I think they'd be hit if installed all over tourist spots. 
Bike Vending Machine
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wow … that is really fantastic design. It would be really useful especially in Amsterdam, it seems like all people use bike there…environment friendly ..
We tried this in Lexington, KY. The city bought something like 100 yellow bikes for use downtown. People could pay $25 fee for key. All but a few are left…too bad people here couldnt quite understand or appreciate the concept.