Bitcoin ATM: any news after San Diego?

tspacepilot

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I may write code in exchange for bitcoins.

Quote from: QuestionAuthority on May 20, 2014, 08:22:24 PM

Quote from: tspacepilot on May 19, 2014, 10:22:21 PM

Quote from: QuestionAuthority on May 19, 2014, 07:50:59 PM

Quote from: tspacepilot on May 19, 2014, 06:18:58 PM

Quote from: RawDog on January 22, 2014, 11:29:53 AM

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

Weird to troll bitcoin in a bitcoin forum. Is there something specific about atms that you don't like or are you just trying to insult bitcoin users?

FWIW, I was interested in the bitcoin atm idea until i heard that the us implemented ones require photo ids and fingerprints. Does the canadian one have the same strict measures to id the user?

Are you serious? Where did you get that from? Do you have a source?

Well sure, this was discussed in re the bitcoin atm that was installed in Austin. Here's a blogger talking about it:

http://grantammons.me/bitcoin/my-experience-using-a-bitcoin-atm/

I have no idea if other machines work the same way. That's sorta what I'd like to know more about.

Thanks for the link. Jesus! The Unites States has no gravity - it just sucks so much it keeps everybody down.

I know this is an international forum so here's a plea for help. Will someone please attack the USA and replace the government with one that doesn't have its head up its ass. Where's WW3 when you need it?

Can I please request a bloodless coup rather than WW3. Or at least give us a warning and a week to run to Canada? Did I mention that I love Canada? Canada will you take me plz?

djaliel

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i like this news, Wink

Satan666

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The love of fiat is the root of all good

Quote from: QuestionAuthority on May 20, 2014, 08:22:24 PM

Thanks for the link. Jesus! The Unites States has no gravity - it just sucks so much it keeps everybody down.

I know this is an international forum so here's a plea for help. Will someone please attack the USA and replace the government with one that doesn't have its head up its ass. Where's WW3 when you need it?

The USA is the most prosperous and privileged nation in the history of world. Now kiss our fiat.

BSIG

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Vintage4X4

Quote from: kik1977 on June 27, 2013, 04:19:56 AM

After the unveiling of the BitcoinATM in San Diego last May (https://bitcoinatm.com/), I heard nothing about it.
Despite some researches, I cannot find anything in the news. Have FinCen's regulations affected it? I guess so..
Do you have any news I wasn't able to find? Were you there in San Diego?

I'm interested to hear of it as well.

ThomasMuller

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Hello Gentlemen,

I'm considering installing some Skyhooks here in Atlanta, GA. Anyone knows if I need some permits for these ATM machines?

Cheers,

Gil

kik1977

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So many news around and so many ATMs deployed every day around the globe! Nice to see the new Lamassu two-ways..

BittBurger

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Quote from: empoweoqwj on June 27, 2013, 04:24:00 AM

The idea that people would go around plonking bitcoin ATM machines around the world and the governments would just let them do so was at best naive, at worst entirely stupid.

There were even headlines flying around like "Cyprus gets world's first bitcoin ATM machine". What a load of tripe.

Anyone up for some Tripe? Wink

-B-

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: tspacepilot on May 19, 2014, 10:22:21 PM

Quote from: QuestionAuthority on May 19, 2014, 07:50:59 PM

Quote from: tspacepilot on May 19, 2014, 06:18:58 PM

Quote from: RawDog on January 22, 2014, 11:29:53 AM

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

Weird to troll bitcoin in a bitcoin forum. Is there something specific about atms that you don't like or are you just trying to insult bitcoin users?

FWIW, I was interested in the bitcoin atm idea until i heard that the us implemented ones require photo ids and fingerprints. Does the canadian one have the same strict measures to id the user?

Are you serious? Where did you get that from? Do you have a source?

Well sure, this was discussed in re the bitcoin atm that was installed in Austin. Here's a blogger talking about it:

http://grantammons.me/bitcoin/my-experience-using-a-bitcoin-atm/

I have no idea if other machines work the same way. That's sorta what I'd like to know more about.

Thanks for the link. Jesus! The Unites States has no gravity - it just sucks so much it keeps everybody down.

I know this is an international forum so here's a plea for help. Will someone please attack the USA and replace the government with one that doesn't have its head up its ass. Where's WW3 when you need it?

tspacepilot

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Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: QuestionAuthority on May 19, 2014, 07:50:59 PM

Quote from: tspacepilot on May 19, 2014, 06:18:58 PM

Quote from: RawDog on January 22, 2014, 11:29:53 AM

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

Weird to troll bitcoin in a bitcoin forum. Is there something specific about atms that you don't like or are you just trying to insult bitcoin users?

FWIW, I was interested in the bitcoin atm idea until i heard that the us implemented ones require photo ids and fingerprints. Does the canadian one have the same strict measures to id the user?

Are you serious? Where did you get that from? Do you have a source?

Well sure, this was discussed in re the bitcoin atm that was installed in Austin. Here's a blogger talking about it:

http://grantammons.me/bitcoin/my-experience-using-a-bitcoin-atm/

I have no idea if other machines work the same way. That's sorta what I'd like to know more about.

ThomasMuller

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Activity: 141

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Quote from: kik1977 on May 19, 2014, 06:17:36 PM

Quote from: ThomasMuller on May 19, 2014, 03:16:32 PM

Hello Gentlemen,

Anyone operating Bitcoins in the US who could give me some guidance? I'm interested in running some tests in some shops in Georgia but I would like to find out more on the legalities of this business.

Like do I need a FinCEN permit? any other permit? etc.

I'm also wondering if you guys think it is a good idea to install these machines inside of coffee shops, malls, etc. And what type of maintenance it will require.

With that being said how much would be fair to pay the owners for the machine in their establishments?

I appreciate your input.

Cheers,

Do you mean you want ot buy machines and lend them to shopkeepers or do you own the shop and you want to buy and install the machines there?

Hello Kik,

I have a friend in Atlanta who owns several stores and he got really excited about Bitcoins. So I was wondering how about creating something like vending machines, I would lend them and in some areas they would be in my own shop or inside of mall.

But I don't know if they are being considered like cash ATMs in terms of regulations.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: tspacepilot on May 19, 2014, 06:18:58 PM

Quote from: RawDog on January 22, 2014, 11:29:53 AM

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

Weird to troll bitcoin in a bitcoin forum. Is there something specific about atms that you don't like or are you just trying to insult bitcoin users?

FWIW, I was interested in the bitcoin atm idea until i heard that the us implemented ones require photo ids and fingerprints. Does the canadian one have the same strict measures to id the user?

Are you serious? Where did you get that from? Do you have a source?

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: RawDog on January 22, 2014, 11:29:53 AM

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

Weird to troll bitcoin in a bitcoin forum. Is there something specific about atms that you don't like or are you just trying to insult bitcoin users?

FWIW, I was interested in the bitcoin atm idea until i heard that the us implemented ones require photo ids and fingerprints. Does the canadian one have the same strict measures to id the user?

kik1977

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Activity: 593

Merit: 505

Wherever I may roam

Quote from: ThomasMuller on May 19, 2014, 03:16:32 PM

Hello Gentlemen,

Anyone operating Bitcoins in the US who could give me some guidance? I'm interested in running some tests in some shops in Georgia but I would like to find out more on the legalities of this business.

Like do I need a FinCEN permit? any other permit? etc.

I'm also wondering if you guys think it is a good idea to install these machines inside of coffee shops, malls, etc. And what type of maintenance it will require.

With that being said how much would be fair to pay the owners for the machine in their establishments?

I appreciate your input.

Cheers,

Do you mean you want ot buy machines and lend them to shopkeepers or do you own the shop and you want to buy and install the machines there?

ThomasMuller

full member

Activity: 141

Merit: 100

Hello Gentlemen,

Anyone operating Bitcoins in the US who could give me some guidance? I'm interested in running some tests in some shops in Georgia but I would like to find out more on the legalities of this business.

Like do I need a FinCEN permit? any other permit? etc.

I'm also wondering if you guys think it is a good idea to install these machines inside of coffee shops, malls, etc. And what type of maintenance it will require.

With that being said how much would be fair to pay the owners for the machine in their establishments?

I appreciate your input.

Cheers,

kik1977

hero member

Activity: 593

Merit: 505

Wherever I may roam

Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

The first machine, located in a Vancouver coffee shop, racked up a total of CA $1 million ($939,761) in exchange value (approximately 1,500 individual transactions) within its first month

http://www.atmmarketplace.com/article/224011/Bitcoin-Robocoin-ATM-chalk-up-some-ka-ching

RawDog

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Quote from: quone17 on January 22, 2014, 11:17:42 AM

SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

Just insert your bills into the sewer grate, you'll get the same thing back from a bitcoin ATM.

quone17

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SOmeone was posting in another thread about putting one in Boston. I'd really be interested in that! I'd def use it. Anyone have any data about the usage stats for ATMs already installed?

kik1977

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Wherever I may roam

Interesting map from Lamassu with their machines pinned. Unfortunately not really interactive, since I wasn't able to zoom in and see the actual location. Lamassu, improve it!

https://lamassu.is/maps/

The Bitcoin Co-op

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We're getting a couple hundred all across Canada this year.

kik1977

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Update on the topic, Europe wise: http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/

Three companies are competing to install London’s first bitcoin ATM in the coming weeks.

The firms, all startups, are awaiting the delivery of their machines from manufacturers Robocoin and Lamassu. They say they have locations staked out, but are keeping schtum until they are ready to make an official public announcement.

The firm with the most ambitious plan is Global Bitcoin ATM Ltd. The bootstrapped startup plans to install five machines per month in the UK, starting in London. It eventually plans to install machines globally, according to its spokesperson, Terry James.

Global Bitcoin says it has a high street location somewhere in central London in mind for its first machine, a Robocoin unit, which it expects to receive and install in early February.

The Robocoin ATM is capable of two-way conversions between bitcoin and fiat currency, and includes a feature which can identify users via a biometric reader.

New business model

James’ firm has a unique take on the ATM operator business model. Instead of owning and operating the machines itself, it plans to operate the machines on behalf of their individual owners.

The firm maintains the machines and finds venues to install them. The owners pay Global Bitcoin ATM for the service on 24-month contracts. Thus, the firm acts as a service provider for a network of ATM owners.

James said his firm intends to use Robocoin machines for the time being, adding that the company is also joining the Bank to the Future incubator for bitcoin startups in London. The firm is bootstrapped and has no institutional funding at the moment.

The accidental operator

Another individual with designs on making history with London’s first cryptocurrency ATM is Joel Raziel. The boutique real estate developer is awaiting delivery of his Lamassu unit, which is also due in early February.

Having found a location in East London to install his ATM, Raziel is currently in the process of confirming it. He said he bought the machine – which costs about $5,000 – on a whim.

“This is completely out of the ordinary for me, it is very much an impulse buy. I’m kind of biting my nails over it.”

However, since CoinDesk spoke to him in early January, a spate of bitcoin ATM installations around the world have been announced. Raziel now thinks his ATM could be a viable business. ”I think there’s definitely commercial value to it and I’m sure it could turn a profit,” he said.

Neither Raziel nor Global Bitcoin ATM have said what they will charge customers who wish to use their machines. ATMs elsewhere, like Canada, for example, typically charge a 5% fee per transaction.

Satoshipoint enters the fray

The third player in London’s bitcoin ATM race is Satoshipoint Ltd. The firm’s co-founders are Hassan Khoshtaghaza and Jonathan ‘Jonny’ Harrison. The firm has two Robocoin machines on the way, but they’re lagging the competition with a delivery date scheduled for early March.

Satoshipoint will install its Robocoin ATMs at bureaus d’change on Oxford Street and in Notting Hill, both popular tourist destinations in Central London. Khoshtaghaza would not say exactly where the machines would be located, although he did say fees would be 3 to 5%.

Khoshtaghaza said the firm is planning to buy more machines if the first two prove to be popular.

The ATM operators contacted said there are currently no specific laws or regulations in place to govern bitcoin ATMs in the UK. However, Satoshipoint and Global Bitcoin ATM said they preferred Robocoin machines partly because of the units’ ‘Know Your Customer‘ features, which allow the operator to maintain a record of the machine’s transactions, along with identifying information.

Booming global ATM business

Bitcoin ATM installations have boomed in the last two months. Manufacturer Lamassu announced it had received its 100th order at the end of December, while three Canadian cities had their first bitcoin ATMs installed last week.

Attracted by the opportunities emerging in the space, new manufacturers, from open-source projects like Skyhook ATM, to firms planning to scale globally like Ottawa’s Bit Access, have entered the space.

The first bitcoin ATM was installed in Vancouver at the end of October. That Robocoin unit reportedly accepted more than CA$1m in deposits in its first 29 days of operation, putting the business in the spotlight.

Topic: Bitcoin ATM: any news after San Diego? (Read 12897 times)