Author

Topic: [ANN][Main] Bitcore- BTX - Datacarriersize up to 220 bytes - page 301. (Read 730297 times)

full member
Activity: 420
Merit: 103
Anyone know, how many confirmations BITZ need to have on BTX to give ok for a deposit? (of btx)

it confirms in 10-20 minutes max, but there may be some delays from th eexchange side. it happens with exchanges. may take few hours otherwise better open support ticket.
hero member
Activity: 1568
Merit: 544
Does this means that all 1460+ machines are integrated with BTX?

When they update, yes !

https://www.generalbytes.com/support/
Version 20180322:
New Features:
BATM3/RCKit: Added support for TWD currency for dispensing.
Server: Added support for BitCore (BTX) coin 
full member
Activity: 135
Merit: 100
Anyone know, how many confirmations BITZ need to have on BTX to give ok for a deposit? (of btx)
sr. member
Activity: 794
Merit: 272
For all those that wish to setup ATM's in the U.S... Well it is pretty damn difficult. You first have to get a AML/KYC compliance program in place. The best ones to do this in the U.S is Joe Ciccolo from BitAML. The next thing you have to do is find a broker that will find banks that are actually willing to do business with you. This list of banks is very very small and they usually only deal with high dollar clients. The best person I found for this was Andy from Bankline. You will pay a pretty penny of a minimum of 1k per month in fees but he will make sure you have redundant bank accounts should an institution change their mind and quit banking with you. This happens quite often so its a good feature. The last major part is obtaining a federal license for being a money service business and your corresponding state license. These licenses will be in addition to all other generic business licenses and tax accounts you have to obtain for operating any sort of business. I can tell you that most of this is highly costly, time consuming, and very annoying. However, if anyone is still willing to proceed then below are the links to the necessary people you will have to contact.

https://www.bankline.com/

https://bitaml.com/

Would it possible to set up sort of a company if you were to find 100 people interested in doing this, meaning one license could be purhcased but used by all 100 people as they operate under the same company?

I think that would be a great way to lower the costs (which I've heard can be up and above $100k). If you know, please share Smiley.

Well potentially it could work if you called them employees or you could set up a parent company with multiple subsidiaries that other people run. You would have to talk to a lawyer that specializes in setting up business entities in your state. Honestly, the hardest part is the banks and not necessarily the regulations. Even for mining I was told to get an AML compliance policy even though FINCEN does not classify mining as a money service business. Basically, the banks are just be obstructive assholes.  

I know the banks will not see any cryptos except Ripple.
So that is why you haven't start mining?

Peace

No I am mining but you just cant do it as a LLC or corporation without jumping through all of the red tape. I will do it as a sole proprietorship, despite taxes being higher, until regulations are more clear and banks are not so damn scared.
full member
Activity: 237
Merit: 107
Great news! General Bytes supports Bitcore in their ATM's.
Please, use it in your Twitter and Facebook.

All Bitcore promo images http://portalm1.imgur.com



Does this means that all 1460+ machines are integrated with BTX?

Peace
full member
Activity: 237
Merit: 107
For all those that wish to setup ATM's in the U.S... Well it is pretty damn difficult. You first have to get a AML/KYC compliance program in place. The best ones to do this in the U.S is Joe Ciccolo from BitAML. The next thing you have to do is find a broker that will find banks that are actually willing to do business with you. This list of banks is very very small and they usually only deal with high dollar clients. The best person I found for this was Andy from Bankline. You will pay a pretty penny of a minimum of 1k per month in fees but he will make sure you have redundant bank accounts should an institution change their mind and quit banking with you. This happens quite often so its a good feature. The last major part is obtaining a federal license for being a money service business and your corresponding state license. These licenses will be in addition to all other generic business licenses and tax accounts you have to obtain for operating any sort of business. I can tell you that most of this is highly costly, time consuming, and very annoying. However, if anyone is still willing to proceed then below are the links to the necessary people you will have to contact.

https://www.bankline.com/

https://bitaml.com/

Would it possible to set up sort of a company if you were to find 100 people interested in doing this, meaning one license could be purhcased but used by all 100 people as they operate under the same company?

I think that would be a great way to lower the costs (which I've heard can be up and above $100k). If you know, please share Smiley.

Well potentially it could work if you called them employees or you could set up a parent company with multiple subsidiaries that other people run. You would have to talk to a lawyer that specializes in setting up business entities in your state. Honestly, the hardest part is the banks and not necessarily the regulations. Even for mining I was told to get an AML compliance policy even though FINCEN does not classify mining as a money service business. Basically, the banks are just be obstructive assholes.  

I know the banks will not see any cryptos except Ripple.
So that is why you haven't start mining?

Peace
full member
Activity: 237
Merit: 107
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley

I'm in Sweden.. Only found others from Sweden here once or twice..

Nu får du FAAAAN ta o kamma dig mannen Wink

Har han någe hår tror du?  Wink
Ja me fram till 2012, fick nog.  Angry
Ni hittar mig i Filippinerna numera.  Grin

Peace
sr. member
Activity: 794
Merit: 272
For all those that wish to setup ATM's in the U.S... Well it is pretty damn difficult. You first have to get a AML/KYC compliance program in place. The best ones to do this in the U.S is Joe Ciccolo from BitAML. The next thing you have to do is find a broker that will find banks that are actually willing to do business with you. This list of banks is very very small and they usually only deal with high dollar clients. The best person I found for this was Andy from Bankline. You will pay a pretty penny of a minimum of 1k per month in fees but he will make sure you have redundant bank accounts should an institution change their mind and quit banking with you. This happens quite often so its a good feature. The last major part is obtaining a federal license for being a money service business and your corresponding state license. These licenses will be in addition to all other generic business licenses and tax accounts you have to obtain for operating any sort of business. I can tell you that most of this is highly costly, time consuming, and very annoying. However, if anyone is still willing to proceed then below are the links to the necessary people you will have to contact.

https://www.bankline.com/

https://bitaml.com/

Would it possible to set up sort of a company if you were to find 100 people interested in doing this, meaning one license could be purhcased but used by all 100 people as they operate under the same company?

I think that would be a great way to lower the costs (which I've heard can be up and above $100k). If you know, please share Smiley.

Well potentially it could work if you called them employees or you could set up a parent company with multiple subsidiaries that other people run. You would have to talk to a lawyer that specializes in setting up business entities in your state. Honestly, the hardest part is the banks and not necessarily the regulations. Even for mining I was told to get an AML compliance policy even though FINCEN does not classify mining as a money service business. Basically, the banks are just be obstructive assholes.   
member
Activity: 294
Merit: 10
I'm going to look for a few people to join and install one of those ATMs in my city, hopefully the laws allows for it. Bitcore would be going all out in 2018.
This is an idea, the job is very suitable and smart, wish you success
legendary
Activity: 3038
Merit: 6194
Meh.
For all those that wish to setup ATM's in the U.S... Well it is pretty damn difficult. You first have to get a AML/KYC compliance program in place. The best ones to do this in the U.S is Joe Ciccolo from BitAML. The next thing you have to do is find a broker that will find banks that are actually willing to do business with you. This list of banks is very very small and they usually only deal with high dollar clients. The best person I found for this was Andy from Bankline. You will pay a pretty penny of a minimum of 1k per month in fees but he will make sure you have redundant bank accounts should an institution change their mind and quit banking with you. This happens quite often so its a good feature. The last major part is obtaining a federal license for being a money service business and your corresponding state license. These licenses will be in addition to all other generic business licenses and tax accounts you have to obtain for operating any sort of business. I can tell you that most of this is highly costly, time consuming, and very annoying. However, if anyone is still willing to proceed then below are the links to the necessary people you will have to contact.

https://www.bankline.com/

https://bitaml.com/

Would it possible to set up sort of a company if you were to find 100 people interested in doing this, meaning one license could be purhcased but used by all 100 people as they operate under the same company?

I think that would be a great way to lower the costs (which I've heard can be up and above $100k). If you know, please share Smiley.
sr. member
Activity: 794
Merit: 272
For all those that wish to setup ATM's in the U.S... Well it is pretty damn difficult. You first have to get a AML/KYC compliance program in place. The best ones to do this in the U.S is Joe Ciccolo from BitAML. The next thing you have to do is find a broker that will find banks that are actually willing to do business with you. This list of banks is very very small and they usually only deal with high dollar clients. The best person I found for this was Andy from Bankline. You will pay a pretty penny of a minimum of 1k per month in fees but he will make sure you have redundant bank accounts should an institution change their mind and quit banking with you. This happens quite often so its a good feature. The last major part is obtaining a federal license for being a money service business and your corresponding state license. These licenses will be in addition to all other generic business licenses and tax accounts you have to obtain for operating any sort of business. I can tell you that most of this is highly costly, time consuming, and very annoying. However, if anyone is still willing to proceed then below are the links to the necessary people you will have to contact.

https://www.bankline.com/

https://bitaml.com/
sr. member
Activity: 476
Merit: 266
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley

I'm in Sweden.. Only found others from Sweden here once or twice..

Nu får du FAAAAN ta o kamma dig mannen Wink

Hahaha! Alright.. Let's set up one of these atm's in Sweden and make sure to advertise BTX Smiley.

Sure, I might be up for it. Lets get through the airdrop and wait for the official launch of the ATM’s though.
I’m already reasearching locations and what is needed logistically Smiley

sr. member
Activity: 794
Merit: 272
I'm going to look for a few people to join and install one of those ATMs in my city, hopefully the laws allows for it. Bitcore would be going all out in 2018.

Are you in the U.S?
sr. member
Activity: 463
Merit: 252
Bitcore (BTX) - Your Payment Coin
I'm going to look for a few people to join and install one of those ATMs in my city, hopefully the laws allows for it. Bitcore would be going all out in 2018.
full member
Activity: 560
Merit: 111
Great news! General Bytes supports Bitcore in their ATM's.
Please, use it in your Twitter and Facebook.

All Bitcore promo images http://portalm1.imgur.com

legendary
Activity: 3038
Merit: 6194
Meh.
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley

I'm in Sweden.. Only found others from Sweden here once or twice..

Nu får du FAAAAN ta o kamma dig mannen Wink

Hahaha! Alright.. Let's set up one of these atm's in Sweden and make sure to advertise BTX Smiley.
sr. member
Activity: 476
Merit: 266
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley

I'm in Sweden.. Only found others from Sweden here once or twice..

Nu får du FAAAAN ta o kamma dig mannen Wink
legendary
Activity: 3038
Merit: 6194
Meh.
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley

I'm in Sweden.. Only found others from Sweden here once or twice..
sr. member
Activity: 588
Merit: 264
Sadly they are none of these ATM's in germany.
This!  Cry


EDIT; I've run in to the same issue where I live, only difference is that people here are far less active in crypto and I hardly ever meet anyone here on the forum that lives in the same Country as I do..

which country? maybe you are not alone Smiley
full member
Activity: 490
Merit: 104
It's just me or this is just a bitcoin atm with a byx image on it? Im really curious to see what they will say, waiting for news Cheesy

And i tought I was the only one..

It is obviously a bitcoin atm (as they are up, running and fully functional) with BTX integration.. There's even a video showing them try it out by putting in money and getting BTX sent to their wallet.. I mean, what did people expect? A fully pink custom built ATM? I really don't see any point in doing that.

I agree with you, but please also agree that sticking a Ferrari  sticker on your car does not make it a Ferrari Tongue
Officially confirmed that Bitcore coins are supported by crypto currency ATM, like the Bitcoin.

This is great news then! BTX would be 1year old next month and there has been a lot of marketing and exposures. If the top 10 coins were able to survive from the past years, what more can BTX accomplished in the coming years not to mention that it has superior features compared to Bitcoin, BTG and Bitcoin cash Cheesy
Jump to: