Bitcoin ATM - page 3. | Bitcointalksearch.org

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Quote from: grumpy619 on January 08, 2014, 03:34:59 PM

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.

I'm assuming there would be fewer regulatory hurdles in Canada and Mexico. If so, it would probably be better to locate them in towns that border the US and design the ATMs located in Mexico to accept US dollars as well as Mexican pesos and have the ATMs located in Canada accept US dollars and Canadian dollars so that Americans would be able to cross the border and change their fiat to BTC with a little more privacy.

hilariousandco

global moderator

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Join the world-leading crypto sportsbook NOW!

Quote from: grumpy619 on January 08, 2014, 03:34:59 PM

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.

Maybe, but how long would it take for you to see a profit of all your tiny commissions? They would probably be a good draw for someone who owned an existing business, but not sure how viable it is as money-maker.

AmericanBit

sr. member

Activity: 630

Merit: 250

Exactly, they're our fucking ATMs and we cant even use them...FUCK this place...Free my ass

el_Tico

member

Activity: 88

Merit: 10

"Fly you fools"

Here's a short article that gives a quick overview of US regulation in contrast to the Vancouver Btc ATM

http://qz.com/141197/bitcoins-new-atm-may-signal-the-digital-currencys-retreat-from-the-us/

AmericanBit

sr. member

Activity: 630

Merit: 250

Quote from: grumpy619 on January 08, 2014, 03:34:59 PM

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

exstasie

legendary

Activity: 1806

Merit: 1521

If you take a look around there are dozens and dozens of Bitcoin ATMs all over the world.
There definitely is a lot of demand for these ATMs, however I think there might be some regulation issues for getting them out in certain countries.

grumpy619

sr. member

Activity: 546

Merit: 255

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.

Topic: Bitcoin ATM - page 3. (Read 3558 times)