It's probably just because Bitcoin ATMs don't require much upkeep.
You'd think so, but apparently they do. Most people don't give feedback on Coinatmradar, so they will still list them even if they haven't been working for years. In Spain one of the largest providers (ATMs Bitcoin Exchange SL) has turned into a big scam. Besides not refunding when they ATMs aren't paying what they should (which is very frequently), the owner is also running several ponzies which have stopped paying. There are several threads about it in the Spanish forum. I tried to warn about it on Coinatmradar but was banned. 
Topic: [2017-4-2] Global Bitcoin ATM Infrastructure Expands in March With 53 New BTMs (Read 313 times)
April 03, 2017, 04:46:12 AM
April 02, 2017, 08:13:14 PM
It's probably just because Bitcoin ATMs don't require much upkeep. They're a very simple investment since you know that loads of cryptocurrency geeks in your area will go and pay even if you're no good at marketing or anything, plus you can charge really high fees since to lots of people it'll be some kind of gimmick so that they can show off about supposedly being different.
April 02, 2017, 07:51:00 PM
Bitcoin’s ecosystem, in addition to its exchange rate and market capitalization, had quite a tumultuous March due to escalating hostilities between proponents and developers of the 'Segregated Witness’ and ‘Emergent Consensus’ upgrade proposals.
However, the temporary instability has not dissuaded digital currency entrepreneurs from continuing to invest capital in Bitcoin ATMs (BTMs).
http://www.razor-forex.com/2017/04/global-bitcoin-atm-infrastructure-grows.html
However, the temporary instability has not dissuaded digital currency entrepreneurs from continuing to invest capital in Bitcoin ATMs (BTMs).
http://www.razor-forex.com/2017/04/global-bitcoin-atm-infrastructure-grows.html
Jump to: