Bitcoin ATM's are popping up - page 2.

Carollzinha

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Quote from: Coyster on March 18, 2019, 03:54:26 PM

Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability

It has not spread so far and to a more variety of countries just because of policies being used. There are some measurements that have to be be taken in first place before jumping into these implementations.
Banks need to update their softwares in order to provide such currency exchanges. Which is not an easy step like snapping your fingers.

There are alot of back side agreements taking place right now so it's just a matter of time till we see them expanding even more.

Zadicar

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Quote from: harapan on March 17, 2019, 05:57:09 AM

Quote from: sylvestercryptic on January 31, 2019, 12:51:31 AM

Some people get arrested after installing an ATM. I remember it was the case in ASIA. Grin

Asia? exactly which country do you mean, I'm also from Asia, in my country now there are many bitcoin ATM installed. and the government does not prohibit it.

Just like on my place there are already some Bitcoin ATM's as of this moment but it doesnt mean that overall banking sector do already legalized cypto on my place.
They are various Banks which do still on neutral side or shall we say they are just still on observing state.

Coyster

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Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability

yohananaomi

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This is a very positive news that has happened with the number of atm bitcoin popping up, indicating that bitcoin has begun to be recognized and trusted. but I doubt that atm bitcoin can solve the problem of transactions that will be carried out, clearly there are costs that must be incurred and will be different from the transactions that we have often done, maybe it will be bigger.
but for me bitcoin atm is not too important because I am more happy with the existing system and can be trusted.

Oyarebu

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Totally different from what is currently happening in my country. Some other countries around us have archived this over 3-4 years back but we are yet to have one install. Hopefully to see more of these ATM's machine be install in the nearest future.
Just joining the forum because of the potentials i see in the technology and how it can be use to improve our economy.

Daniel91

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Merit: 1824

Yes, it's true.
For example, in my country, Croatia, we got first btc ATM 2-3 years ago, I think, in the city center (Zagreb) but recently we got 2 more btc aTM, one in other city so btc atm's are spreading here.
It's good, specially for tourists with bitcoin for spend

SIDDHI777

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Las Vegas is a good attraction point for any potential currency because the cash flow is immense than any other region in America or any other country which can do a considerable to the progress of Bitcoin and its adoption because when there is more cash flow involvement growth and expansion become very easy

Ipwich

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Quote from: teejayrichard2 on March 17, 2019, 03:03:27 PM

Yes this is absolutely true and we are very happy seeing this development. It goes to show people are beginning to see the importance and benefits of cryptocurrency usage and are beginning to accept and adopt its use. I believe in time coming, we will see more Bitcoin ATMs pop up in more countries.

We have more present into physical things now, this would make the people to be aware about crypto.
In our country there are also ATM for crypto and it's the start of adoption, this is bank suspporting crypto that we once think will combat crypto.

teejayrichard2

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Yes this is absolutely true and we are very happy seeing this development. It goes to show people are beginning to see the importance and benefits of cryptocurrency usage and are beginning to accept and adopt its use. I believe in time coming, we will see more Bitcoin ATMs pop up in more countries.

thinkright

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they are even prevalent these days. They are available in over 77 countries and counting. Pretty soon it going to be accessible from every part of the world

harapan

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Quote from: sylvestercryptic on January 31, 2019, 12:51:31 AM

Some people get arrested after installing an ATM. I remember it was the case in ASIA. Grin

Asia? exactly which country do you mean, I'm also from Asia, in my country now there are many bitcoin ATM installed. and the government does not prohibit it.

alisafidel58

full member

Activity: 364

Merit: 127

Its not new to us here in the Philippines, we already have that years ago. Although i have never seen nor withdraw from the ATM machine, ever since i came to know bitcoin ive been using other much more secured ways for me to withdraw my money than going there having to think if its safe or not.

Links : https://coinatmradar.com/bitcoin_atm/475/bitcoin-atm-genesis-coin-makati-sunette-towers/

kurian

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That's a good news. In India, a cryptocurrency exchange company installed India's first Bitcoin ATM in a mall in Bengaluru. But, government shut it down and arrested Unocoin's co-founder. This happened after RBI prohibited financial institution from dealing in cryptocurrencies and the government considered
BTC as not a legal tender. This is why the installation of ATM went wrong. Moreover, medias fueled the predicament into another level. However, it was India's first BTC ATM.

Xenrise

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Activity: 672

Merit: 251

Quote from: DeathAngel on January 31, 2019, 09:58:04 AM

You can use this website to see bitcoin ATM’s near your location -

https://coinatmradar.com/bitcoin-atm-near-me/

Wow thanks for this information. I saw that there is one in here in the Philippines. It is on Makati City and it's near on my place.

Bitcoin ATMs are now popping off. There were a lot of bitcoin atms right now in different parts of the world. What is the problem is, it's not affecting the price of bitcoin. It's a good news right? But how come a great news not affecting the price?

CoinChili

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Activity: 239

Merit: 15

I am overwhelmed with this bitcoin ATM machine that are widely spreading in different countries. This is just a good sign of massive adoptation of cryptocurrency globally.

But there are also some bad circumstances like this who did swiped $150,000 in bugged btc atm machines? Four suspects are still wanted. Take a glimpse of that news. It was kind of interesting because they targeted 112 btc atm accts.

mersal

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Merit: 38

Quote from: AXELNetwork on January 30, 2019, 04:12:58 PM

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=

Bitcoin ATMs are definitely need to be implemented in all over the world and mostly it needs to be implemented in the place that people are highly using the Bitcoin as their income and their life I hope it will be happen soon.

eann014

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Merit: 501

Quote from: virasog on February 04, 2019, 05:26:19 AM

Quote from: xWolfx on February 02, 2019, 09:44:47 AM

Quote from: romero121 on February 01, 2019, 04:04:30 AM

It is important to notice that more countries have kept them engaged into the process of regulating cryptocurrencies. This is a good news for bitcoin. Along with the same CBOE have once again got into the ETF approval submission. These factors indicate the growth of cryptocurrency all around the world. When the growth progress automatically, more ATMs gets popping up supporting the community.

It is really good news because the more people see those ATM's and the "We accept Bitcoin" sticker with merchants the more real it will start to look for the goal that is mass adoption one day.

I mean, even in Venezuela they are planning to start with one soon. So you can imagine how big this will be.

Exactly, it will really helpful in increasing the demand for bitcoins. When people will see Bitcoin ATM they will ask more about bitcoins and many people after getting knowledge of bitcoins will be interested to buy the bitcoins. This will increase the popularity of bitcoins and this will bring a massive new investments in bitcoins.

Yes, it can also help but not all people will get interested in that because of bitcoin ATM. Not all people in our country will get interested but it can help in some way, so maybe having bitcoin ATM can increase the use of cryptocurrency and it will also have an effect to the market because of the additional use of it.

Lpim01

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Quote from: thecodebear on February 08, 2019, 05:19:52 PM

The fact that coinstar will be adding bitcoin to is thousands of locations is huge. Well actually its small, but its one small piece of many pieces that lead to bitcoin's global adoption in the coming decade.

Were looking for more advancement with bitcoin and this developments will help to show or even prove that digital currencies are not scam or something just like a ghost project. We came into this Bitcoin ATM as it moving to globally accepted coin,its make sense now that crypto will be legalize soon as it have proven for its existence.

thecodebear

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The fact that coinstar will be adding bitcoin to is thousands of locations is huge. Well actually its small, but its one small piece of many pieces that lead to bitcoin's global adoption in the coming decade.

AXELNetwork

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Activity: 153

Merit: 11

This company has put up more than 220 Bitcoin ATM's around the country:

https://www.youtube.com/watch?v=x-G8q7CPMpE

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