Author

Topic: [2014-07-09] 5,000 Terminals Across Ukraine Now Offer Bitcoin for Cash (Read 1031 times)

legendary
Activity: 2156
Merit: 1132
This is not a full-fledged ATMs, through them you can not get the cash for Bitcoins.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
I wonder what the median % +/- is being charged across these 4,900 ATM's?  Would be nice to see somebody put out a comprehensive site that not only listed bitcoin ATM locations but also published their current charges/transaction fee's as well.

A global map tracking every active machine, including fee data, would be great!
It would also encourage competition and possibly lower some fees.
full member
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
I wonder what the median % +/- is being charged across these 4,900 ATM's?  Would be nice to see somebody put out a comprehensive site that not only listed bitcoin ATM locations but also published their current charges/transaction fee's as well.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.

The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Wow...

This is amazing!

best part of this article is already mentioned in the OP.

But I must repeat:
Quote
The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Quote
(...)by the country’s National Credit Bank(...)
Quote
(...)National Credit Bank(...)

I must wipe my eyeballs and read it again.



Surprised here also:
"The machines, known as BNK-24 terminals, also allow users to pay utility bills and purchase mobile phone credit, among other functions...."
That part I was expecting, the machines are not only for BTC, they have several other functions.
Great news.  Smiley
legendary
Activity: 1568
Merit: 1001
Quote
The machines, known as BNK-24 terminals, also allow users to pay utility bills and purchase mobile phone credit, among other functions.

So there was already the ability to transfer money for various other reasons, which made it easier to add this as a new application.
You aren't actually buying Bitcoins from the ATMs, and they don't need to know anything about Bitcoin, you are buying a voucher that you can then use on a website to buy Bitcoins.
I guess offering that extra step to make it that much closer to the real thing isn't necessarily a negative. If true, that's a lot of freaking ATMs and likely a world leader.
sr. member
Activity: 248
Merit: 250
That's a great service, hope it spreads...
sr. member
Activity: 476
Merit: 250
Quote
The machines, known as BNK-24 terminals, also allow users to pay utility bills and purchase mobile phone credit, among other functions.

So there was already the ability to transfer money for various other reasons, which made it easier to add this as a new application.
You aren't actually buying Bitcoins from the ATMs, and they don't need to know anything about Bitcoin, you are buying a voucher that you can then use on a website to buy Bitcoins.
sr. member
Activity: 406
Merit: 250
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.

The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Is it at each of the 4.900 payment terminals? This would be very useful, but given the current situation in Ukraine I won't go on holiday there  Smiley

No, but if gives the people a quick way to move their funds into bit coin as the political situation deteriorates. A sudden change over there could be big for bit coin and big for them as well since they have a safe way to store their wealth if things get uglier.
sr. member
Activity: 518
Merit: 250
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.

The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Is it at each of the 4.900 payment terminals? This would be very useful, but given the current situation in Ukraine I won't go on holiday there  Smiley
legendary
Activity: 2212
Merit: 1199
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.

The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Wow...

This is amazing!

best part of this article is already mentioned in the OP.

But I must repeat:
Quote
The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.

Quote
(...)by the country’s National Credit Bank(...)
Quote
(...)National Credit Bank(...)

I must wipe my eyeballs and read it again.

sr. member
Activity: 364
Merit: 250
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.

The network, which is operated by the country’s National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU.
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