Bitcoin ATM in a gas station - page 4.

elisabetheva

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Quote from: johnwest on April 19, 2021, 10:00:09 AM

For a gas station-like business, I would suggest a faster and cheaper cryptocurrency like TRX or XRP or even LTC is a good option. I don't think anyone will specifically use the ATM to get money and pay to the gas station. I have seen the numbers of crypto ATMs popping up in the USA and it's really promising however, it will definitely raise eyebrows of some federal agencies who will start thinking that anyone can launder money here.

clearly the ease with which to buy gasoline with crypto will make it easier and obviously add to the confidence that is given. but whether the transactions carried out will not be disturbed by the value that continues to move because crypto is unstable. it seems that there will be differences in prices that always change at any time, when using crypto.

but I do not believe that at the gas station there will be money laundering there, because it is clear that it is easy to monitor because it is impossible to buy gasoline at an excessive price with the capacity of the existing vehicle, not yet with the CCTV that continues to monitor if there is indeed any misuse of the transaction.

Obito

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Quote from: johnwest on April 19, 2021, 10:00:09 AM

For a gas station-like business, I would suggest a faster and cheaper cryptocurrency like TRX or XRP or even LTC is a good option. I don't think anyone will specifically use the ATM to get money and pay to the gas station. I have seen the numbers of crypto ATMs popping up in the USA and it's really promising however, it will definitely raise eyebrows of some federal agencies who will start thinking that anyone can launder money here.

That's the most unlikely place that someone will launder money, I am sure that gas stations have a lot of cameras and ATMs itself has a built in camera so I am sure that the people who are going to launder there is going to be a sitting duck for IRS. Or maybe have the ATM accept a variety of coins instead of having only one.

AniviaBtc

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Quote from: The Cryptovator on March 15, 2021, 12:40:10 PM

ATM bitcoin on gas stations or on shopping complexes doesn't make much difference. Because all are a public place and pretty easy to use as well. Increasing Bitcoin ATM means it easier to use your funds although transaction fees are quite high, at least there is real use. Bitcoin ATM is effective adoption for bitcoin. As much as Bitcoin becomes easy to use the value will increase rapidly. The value doesn't mean the only price, value fully depends on the community. Hope soon we will see more Bitcoin ATMs everywhere.

I'm glad to see reports or updates about bitcoin ATMs spreading in many places that can really boost its adoption.

I remember the first time I've read a certain article about Bitcoin ATMs in Africa, I knew it! That's the start of bitcoin adoption through easy access bitcoin ATMs.

Hoping that I can soon access or experience using it so that I can share to my friends how Bitcoin atms work and how convenient it is.

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Quote from: BIN-BIN on March 15, 2021, 11:45:56 AM

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
Read the full details here.
https://www.reuters.com/article/us-usa-crypto-currencies-atms-idUSKBN2B714L?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

What I'm really expecting with regards to the adoption of cryptocurrency in our society is more investment in BTC coming from private sectors and businesses. Yes, it's actually great that something like BTC ATM exists and other services allowed BTC or Cryptocurrency as means for payment, but it's nothing new when we're talking about the new development.

johnwest

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For a gas station-like business, I would suggest a faster and cheaper cryptocurrency like TRX or XRP or even LTC is a good option. I don't think anyone will specifically use the ATM to get money and pay to the gas station. I have seen the numbers of crypto ATMs popping up in the USA and it's really promising however, it will definitely raise eyebrows of some federal agencies who will start thinking that anyone can launder money here.

michellee

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Quote from: dimonstration on April 19, 2021, 07:32:12 AM

Quote from: Vaskiy on April 19, 2021, 07:21:31 AM

In first world countries it is possible to see more number of Bitcoin ATM. In terms of usage people aren't much used to it because of its increased fee. I'm not sure of it, based on one of my friend residing in first world country got to know that transaction costs almost 9%

If thats true then there is no use of implementing more and more number of Bitcoin ATMs all around and on gas stations.

Only 1st World countries will be experiencing it a these times, in my country wherein adoption were too slow it's quite hard to know whether there is active Bitcoin ATM. I remember visiting one before which is partnered in one of registered bank in my country but the ATM is not active that time since only few were using it yet what we focused more now is having more crypto or BTC so when adoption happens we already have more than enough to use.

If we can not use bitcoin in our country to buy in a local store, that means we can hold bitcoin in a safe wallet and only waiting for the bitcoin price to jump to the high price. That means we will make more profit than using bitcoin to buy the needs that we want. It will make sense for us to save bitcoin from the way we earn so we can have many bitcoins waiting for the right time to sell.

Sooner or later, if our government can realize the benefits of crypto, they will accept and approve the use of crypto in their daily lives. We will see the ATM available in many places.

Iceblast

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Quote from: BIN-BIN on March 15, 2021, 11:45:56 AM

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
Read the full details here.
https://www.reuters.com/article/us-usa-crypto-currencies-atms-idUSKBN2B714L?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

This is very interesting to be used as motivation by many countries in the future. but I think the placement of bitcoin atm gas stations is not very convincing, I see if the placement of atm is better at the airport or at the station because there are places that are always needed by many people.

hector3115

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This is a way of advertising, but it is unlikely to have any practical application in reality.

dimonstration

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Quote from: Vaskiy on April 19, 2021, 07:21:31 AM

In first world countries it is possible to see more number of Bitcoin ATM. In terms of usage people aren't much used to it because of its increased fee. I'm not sure of it, based on one of my friend residing in first world country got to know that transaction costs almost 9%

If thats true then there is no use of implementing more and more number of Bitcoin ATMs all around and on gas stations.

Only 1st World countries will be experiencing it a these times, in my country wherein adoption were too slow it's quite hard to know whether there is active Bitcoin ATM. I remember visiting one before which is partnered in one of registered bank in my country but the ATM is not active that time since only few were using it yet what we focused more now is having more crypto or BTC so when adoption happens we already have more than enough to use.

Vaskiy

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In first world countries it is possible to see more number of Bitcoin ATM. In terms of usage people aren't much used to it because of its increased fee. I'm not sure of it, based on one of my friend residing in first world country got to know that transaction costs almost 9%

If thats true then there is no use of implementing more and more number of Bitcoin ATMs all around and on gas stations.

milani

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Quote from: BIN-BIN on March 15, 2021, 11:45:56 AM

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
Read the full details here.
https://www.reuters.com/article/us-usa-crypto-currencies-atms-idUSKBN2B714L?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

Not every ATM draws lines of customers, it is true. And may be someone will consider the fee variety diapason not suitable, but in my opinion it is good that such ATMs appear, and the opportunity to use them appears for those who will prefer ATM to online payment. All in all in case lots of people that visit gas station may prefer to buy in some mini shop there something to eat instead of water. It does not mean that the water should not be on the shelves. There will be some clients that will search for water. And it is good that people of businesses or companies think about different things that can make their business to get on higher level. Because crypto gives such an opportunity.

isaac_clarke22

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Quote from: MrcMrc on April 19, 2021, 01:51:00 AM

~

I remember a thread made by "The Pharmacist".
There are numbers of ATMs that don't need KYC verification as well.
Here in my country, I am not sure if those rare ATMs I can see in the metropolitan area even require KYC, but I am pretty sure they are because government here is aware that cryptos are being used for scams by different people.

macson

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Quote from: Leviathan.007 on March 16, 2021, 03:02:51 PM

This is another step forward to bitcoin ATMs. I'm still waiting to see how the other countries are going to accept bitcoin and we see more bitcoin atm devises in all over the world. From 2010 to 2021 everything changed. People have much more interest to bitcoin and they are usually buying bitcoin as safe investment for long term.

i grateful to live in a country that is not hostile to Bitcoin so we see many BTC ATM machines in crowded places. over the last ten years, Bitcoin has grown enormously. hopefully, it will spread throughout the world.

Quote from: kawetsriyanto on March 16, 2021, 06:31:52 PM

Quote from: adzino on March 16, 2021, 05:37:01 PM

Bitcoin ATMs are quite common where I live. Like you will see at least one bitcoin ATM on every major spot.

Unfortunately, it is very different from the situation in my country. Here, Bitcoin can't be a payment tool, so we only have 3 Bitcoin ATMs in my country till today. Those 3 Bitcoin ATMs never improved because people just use the Bitcoin ATM for buying, while buying with Bitcoin ATM requires more expensive fees. So, the number cannot improve and people aren't interested to use it. Well, this makes no Bitcoin ATMs in the major spots like in a gas station.

sorry for what happened in your country, people's understanding of Bitcoin is not evenly distributed around the world, your country may still not be aware of or are studying the benefits of Bitcoin. wait a few more years, maybe it will be different in your country.

nutildah

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They've been popping up in the weirdest places. So far I've seen bitcoin ATMs in an organic health food store, inside a surf shop and then also a tattoo parlor. We went from having none to several in the course of a year. I notice that most such ATMs around here are made by CoinCloud and serviced by BitAccess... They seem to be the Ford Motors of bitcoin ATMs.

Kong Hey Pakboy

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Quote from: MrcMrc on April 19, 2021, 01:51:00 AM

Bitcoin ATM in a gas station is a significant improvement in the BTC ATM sector, I used one recently in a Miami nightclub. But the major challenge is the KYC security process, which requires personal details. Such as scanning your driver’s license and ID number.

But it’s an excellent development for those who don’t care about privacy.

Maybe if these ATM created their own cards so that you don't have to worry about scans of your personal details, Iove the idea of this one but the only available bitcoin ATM doesn't have the ability to do some bitcoin to fiat transactions, maybe if a company were to improve upon the bitcoin ATM hopefully we can see one or maybe there is one already and I haven't heard of it yet.

MrcMrc

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Bitcoin ATM in a gas station is a significant improvement in the BTC ATM sector, I used one recently in a Miami nightclub. But the major challenge is the KYC security process, which requires personal details. Such as scanning your driver’s license and ID number.

But it’s an excellent development for those who don’t care about privacy.

kawetsriyanto

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Quote from: adzino on March 16, 2021, 05:37:01 PM

Bitcoin ATMs are quite common where I live. Like you will see at least one bitcoin ATM on every major spot.

Unfortunately, it is very different from the situation in my country. Here, Bitcoin can't be a payment tool, so we only have 3 Bitcoin ATMs in my country till today. Those 3 Bitcoin ATMs never improved because people just use the Bitcoin ATM for buying, while buying with Bitcoin ATM requires more expensive fees. So, the number cannot improve and people aren't interested to use it. Well, this makes no Bitcoin ATMs in the major spots like in a gas station.

Yatsan

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I have already read about Bitcoin ATMs being present on some cities that are intended to make people be more accessible on getting into Bitcoin through nearby ATM outlets present on their places. Well the existence of such machines is already a great example of how Bitcoin adaptability is being presented to the mass crowd to be able to let them know Bitcoin existence. Now with regards to Bitcoin ATMs being installed into gas stations, that is already a great innovation on how users can be able to make use of their Bitcoins upon purchasing gas wherein they can directly make payment through their Bitcoin. I just do hope that this may be present also into other places soon.

Rengga Jati

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I am so happy to know many more countries allow many more ATMs installed in their area. And many more countries legalize Bitcoin as currency as one of the payment methods.
This is very different in my country where Bitcoin and also cryptocurrency is not legal as payment method.
But fortunately, they're legal as digital assets or commodities.

However, I found that there are several ATM Bitcoin also in my country.
Well, aside in my country the development of Bitcoin ATMs around the world is so fast and we can track it much more installed.
It means that many more people concerned about using Bitcoin ATM for any transactions or utility. It may be mainstream someday

adzino

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Quote from: BIN-BIN on March 15, 2021, 11:45:56 AM

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
-snip-

Bitcoin ATMs are quite common where I live. Like you will see at least one bitcoin ATM on every major spot. Good thing that they are setting up more ATMs. The more bitcoin ATMs, the more people will know about this. At least people who don't know what bitcoin is will end up being curious when they see those ATMs and may look it up later. Who knows, they might even start investing because of that one ATM.
But I doubt you will be able to pay for your gas using bitcoin. Imagine you have to wait more than 10 mins (lets not talk about the situation where the network is congested) for getting a confirmation.

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