Topic: Bitcoin ATM (Read 3584 times)
I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.
Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Bitcoin ATM is cheap if you amortized it over a year. If you charge your customer 2-3% per transaction, you will ROI very quick if there is volume.Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Your post also assumes that the level of consumer adoption will hold steady or rise, which is also not certain.
I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.
Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Bitcoin ATM is cheap if you amortized it over a year. If you charge your customer 2-3% per transaction, you will ROI very quick if there is volume.
I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.
Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
I agree with you, Bitcoin ATM would help make it easier to buy and sell for users.
Coindesk has an ATM map to find out where in your city you can find a bitcoin ATM (if it exists!).
Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
I think part of this would be the additional AML regulations that are in the US that are not in Canada. Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
If you can get through state wide regulations it would be a good idea to get them spread around
Try a bitaccess or skyhook perhaps if your looking for a model lamassu are great as well and they have good support.
we need atleast 1 bitcoin atm in every state in the united states!
Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Didn't know they have a Chinese community in Vancouver. Why are the Chinese paying premium to buy bitcoin?
Capital controls back in mainland China make it difficult to get money out. Well know that many wealthy chinese buy 2nd houses (often sending wife and children) in Vancouver so that if shit hits the fan (gov decides to confiscate their assets) they flee. If you look at run up last november much of the volume was coming from China after state TV ran a special on bitcoin.
Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Didn't know they have a Chinese community in Vancouver. Why are the Chinese paying premium to buy bitcoin?
Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.
I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.
This is however a concern on an US economic and national security level
HTC atms usually charge steep fees and require fingerprints/photo ID. I don't see why people would want to use them unless you urgently need to sell BTC. Most of them are only for buying BTC though.
These ATM usually target 1st time buyer. And there are still a lot of potential 1st time buyer in many cities.
HTC atms usually charge steep fees and require fingerprints/photo ID. I don't see why people would want to use them unless you urgently need to sell BTC. Most of them are only for buying BTC though.
I heard of it before, and I'm looking forward to using it.
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.
Sad to see even high tech semi conductor manufacturing is done elsewhere now. Just a matter of time before the rest of the world catch up with drone and military application.
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
Not just slowing down bitcoin adaption. Innovation is leaving US and going elsewhere.
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
There are HUGE regulation hurtles in the US...not really worth it unless you have a few hundred thousand lying around. As you need a license for each state and they are all different. about 1.5-2 million for all 48 states
Hello everyone I was hoping that someone that is much smarter then me can answer what I've been pondering. I'm getting interested in Bitcoin ATM's its reported that there is one in Vancouver Canada that has processed up to $100000. Now I know it would help the Bitcoin market. Would it be a good idea to find investors purchase these machines and put them in major cities? Like say Mt View California, San Francisco, San Diego. This would help make it easier to buy and sell bitcoins at a moments notice.
California is a good idea because Governor Jerry Brown just signed a low that makes bitcoin and other cryptocurrencies legal! There are a few bitcoin ATMs in Los Angeles, California but it's a big state.
Jump to: