Topic: Bitcoin ATMs should target developing and third world countries - page 3. (Read 1328 times)
I heard that an exchange owner tries to install a bitcoin owner in India and was arrested for this, so this can be risky.
even if we do not specifically follow the example of cryptocurrency, but blockchain technologies could in many ways help improve the management of many sectors of the country's economy. And whoever will begin to actively learn and integrate new technologies into himself, that country will remain in the black. The USA is one of the leaders in blockchain projects, so such a large distribution of crypto-currency ATMs simply reflects their status.
If someone wants to be progressive strange, then the growing demand for cryptocurrencies cannot be denied. ATMs that support cryptocurrency is a really progressive solution that also simplifies the life of investors and attracts new ones. This means who has more support for convenient cryptocurrency exchange services and attracts more people to create new projects on the blockchain.
So far, ATMs for cryptocurrency and even crypto payment cards are a new phenomenon. And although many people have heard the words bitcoin and cryptocurrency, but the minimum number of people who are able to appreciate the benefits.
If someone wants to be progressive strange, then the growing demand for cryptocurrencies cannot be denied. ATMs that support cryptocurrency is a really progressive solution that also simplifies the life of investors and attracts new ones. This means who has more support for convenient cryptocurrency exchange services and attracts more people to create new projects on the blockchain.
I think they really want it, want to spread more Bitcoin ATMs in more other countries. However, it depends on the rule and regulation in those countries. Not all countries will accept and legalize this. When you make it, you will be punished. So, it is better for them to pick and select the right country to put BTC ATM.
I like this ideas especially since they just announced they will all have AML compliance with ciphertrace tech
Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
A Bitcoin operator should be interested in setting up in countries you mentioned. I don't think it has something to do with the makers of Bitcoin ATM. can someone share a link of a Bitcoin ATM maker? I am wondering how much would it cost for a Bitcoin ATM including shipping fees. I guess added cost will be the permits since an operator needs a license from the government to operate an exchange or something to that nature. 
This has to be the most remote location for one of these atms to be located in the middle of the jungle of central america. 
https://www.reddit.com/r/mildlyinteresting/comments/807wnk/this_bitcoin_atm_in_the_middle_of_the_costa_rican
But I can still see people using it since it is a tourist destination and if they can get it powered by electricity then it has to be near some sort of resort.
Dont know if it is on the atm locator as some users have mentioned with most of them being on a map to find where the closest one to you might be.
https://www.reddit.com/r/mildlyinteresting/comments/807wnk/this_bitcoin_atm_in_the_middle_of_the_costa_rican
But I can still see people using it since it is a tourist destination and if they can get it powered by electricity then it has to be near some sort of resort.
Dont know if it is on the atm locator as some users have mentioned with most of them being on a map to find where the closest one to you might be.
I think that we will actually see more ATMs popping up all over in countries. esp now that they are moving towards having AML compliance https://cryptobriefing.com/ciphertrace-easy-aml-bitcoin-atms/
but I do agree I would like to see these all over the world.
but I do agree I would like to see these all over the world.
Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela . That would increase the adoption. Something like backpropagation. What do you think?
The main reason is economics, people in developed countries are more likely to use these ATM machines and the companies installing them will have their profits and that will not be the case with third world countries as there might not be having the same profit percentage they get in bitcoin centric developed countries and the legal formalities they have to overcome are denting these developments, adoption will not increase if there is a bitcoin ATM machine as most of the machines i came across have high service charges and i would rather opt for other options to trade bitcoin rather than depending on ATM machines. 
I remember seeing a picture of one put in the middle of the forest in costa rica.
Now that was an usual place to put it. Would the sloths there be making purchases.
Kidding aside. In these third world countries they still have tourists who go there and these are machines used for their point of convenience no matter the location. It just costs the owner who is running it the operating costs. And if they arent profitable they would just shut them down.
Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela . That would increase the adoption. Something like backpropagation. What do you think?
The main reason is economics, people in developed countries are more likely to use these ATM machines and the companies installing them will have their profits and that will not be the case with third world countries as there might not be having the same profit percentage they get in bitcoin centric developed countries and the legal formalities they have to overcome are denting these developments, adoption will not increase if there is a bitcoin ATM machine as most of the machines i came across have high service charges and i would rather opt for other options to trade bitcoin rather than depending on ATM machines. Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela . That would increase the adoption. Something like backpropagation. What do you think?
The main reason is economics, people in developed countries are more likely to use these ATM machines and the companies installing them will have their profits and that will not be the case with third world countries as there might not be having the same profit percentage they get in bitcoin centric developed countries and the legal formalities they have to overcome are denting these developments, adoption will not increase if there is a bitcoin ATM machine as most of the machines i came across have high service charges and i would rather opt for other options to trade bitcoin rather than depending on ATM machines. Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
yes you are correct.Bitcoin ATMs should expand the area to 3rd world countries.3rd world market is very big market.Alsobitcoin is world currencies.King of the world crypto currencies why don't have right to use bitcoin.Sometimes it hard to sell or buy.If these ATM machines came to 3rd world money.There will can get huge benefits .Its matter of time.Just press few buttons to click and money is yours.So simple Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
here in our country we only had two Bitcoin ATM, we are very open to cryptocurrency we have an online exchange, but unfortunately, only two Atm that are both located in one metropolis, ABitcoin Atm operator in our country should target another city, we have a silent majority of Bitcoin users that will support this.
In order for bitcoin ATMS to appear in some country, it is necessary to determine what percentage of people use cryptocurrency. In the third world, the technology is not very developed and the establishment of bitcoin ATMS will be impractical.
Apart from perhaps being impractical with this provision, it is also important to know that for developing countries there is still a major problem, namely approval from crypto itself. because there are still many who have not acknowledged and stated that they can accept crypto. perhaps the main thing is a more comprehensive introduction to developing countries.
I think there has to be some sort of understanding with the financial institution in the country so as the fellow pioneering it doesn't get into trouble with the jealous financial regulators. It can be deported to libra developing nations and third world nations.
In order for bitcoin ATMS to appear in some country, it is necessary to determine what percentage of people use cryptocurrency. In the third world, the technology is not very developed and the establishment of bitcoin ATMS will be impractical.
No but if the government or a company embrace the technology they can use it or maybe create their own cryptocurrency with their own ATM machines.
Here in India, a private crypto firm had installed a few Bitcoin ATMS in the city of Bangalore (South India). But only after a few days, these ATMs were confiscated by the authorities and the people who were behind the installation were charged with criminal charges. This was really confusing, because Bitcoin is currently not banned in India (although the politicians have plans for doing that) and no law or regulation states that it is illegal to own or operate a Bitcoin ATM within the national borders.
India sounds like a horrible place to live... -_- So they just take what is not theirs and steal it? The ATM is full of money and they just take it. Wow. Criminal charges such as? I can't see them being charged with anything.
What have they done? Nothing.
Here in India, a private crypto firm had installed a few Bitcoin ATMS in the city of Bangalore (South India). But only after a few days, these ATMs were confiscated by the authorities and the people who were behind the installation were charged with criminal charges. This was really confusing, because Bitcoin is currently not banned in India (although the politicians have plans for doing that) and no law or regulation states that it is illegal to own or operate a Bitcoin ATM within the national borders.
February 19, 2019, 01:04:08 AM
Bitcoin ATM will reach the whole world like what ATM for fiat happened before.
All i want to say is there are no more 3rd world country for many years now.
We are divided as DEVELOPED and DEVELOPING country. ever country will have their ATM in such time!
That's right, I'm living in a developing country and I can say we already have Bitcoin ATM machine though its still not that popular but I know there will be more development like this. Yes, in time many countries will support cryptocurrency and many project will have their own ATM's machine to give convenience to the investors and newbies, it will happen no matter what. All i want to say is there are no more 3rd world country for many years now.
We are divided as DEVELOPED and DEVELOPING country. ever country will have their ATM in such time!
But it will be monopolized at first meaning high charges will be taken advantage of which the pubic might shun away from but later on as competitors creep up which will lower the service or transaction fees of using the Bitcoin ATM.
February 18, 2019, 11:31:45 PM
Bitcoin ATM will reach the whole world like what ATM for fiat happened before.
All i want to say is there are no more 3rd world country for many years now.
We are divided as DEVELOPED and DEVELOPING country. ever country will have their ATM in such time!
That's right, I'm living in a developing country and I can say we already have Bitcoin ATM machine though its still not that popular but I know there will be more development like this. Yes, in time many countries will support cryptocurrency and many project will have their own ATM's machine to give convenience to the investors and newbies, it will happen no matter what. All i want to say is there are no more 3rd world country for many years now.
We are divided as DEVELOPED and DEVELOPING country. ever country will have their ATM in such time!
Jump to: