Crowd Funding Bitcoin (Robocoin) ATMs

UnaNos

newbie

Activity: 16

Merit: 0

Quote from: AndrewWilliams on September 21, 2013, 04:07:29 PM

There's actually two people (groups) who are doing this. One showcase a prototype ATM at a Bitcoin convention recently.

One is trying to raise funds in the Lending section of the forum. I forget the name...

Main issues seems to be the cost, they were saying each one costs like $40,000, and the other issue is complying with the legal side of it since it would be acting as a money dispenser.

It's good to know that there are people working on this. I'm sure there's a lot of work involved, but if they can get past bureaucracy, I don't think the cost will prove to be a major obstacle.

I'd be interested to check these guys out if you have a website or forum link?

AndrewWilliams

full member

Activity: 182

Merit: 100

Fourth richest fictional character

There's actually two people (groups) who are doing this. One showcase a prototype ATM at a Bitcoin convention recently.

One is trying to raise funds in the Lending section of the forum. I forget the name...

Main issues seems to be the cost, they were saying each one costs like $40,000, and the other issue is complying with the legal side of it since it would be acting as a money dispenser.

Mattheww

newbie

Activity: 6

Merit: 0

Quote from: UnaNos on September 20, 2013, 11:49:39 PM

If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag?

it's new busines , you will be first

UnaNos

newbie

Activity: 16

Merit: 0

They're 20k a pop, they need a location, an internet connection and I would imagine that they need some maintenance to keep them running. So, they need to see a fair bit of volume to cover the costs, but if you had a few good locations I think you could see a good return.

If you offered a reasonable profit sharing scheme for investors (or funders), I don't think it'd be too hard to get fully funded. But, there's quite a lot of work involved.

btcinstant

full member

Activity: 180

Merit: 100

Quote from: UnaNos on September 20, 2013, 11:49:39 PM

If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag?

Ya not really sure. First thing I thought of was trying to crowd fund a few of these ATM's ...I have to think about this.

UnaNos

newbie

Activity: 16

Merit: 0

If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag?

btcinstant

full member

Activity: 180

Merit: 100

Quote from: UnaNos on September 20, 2013, 11:02:02 PM

Has anyone considered crowd funding a bunch of those new Robocoin ATMs?
https://robocoinkiosk.com/

It's not something i'd like to setup myself (i'm busy enough), but surely it's viable?
If nothing else, those machines would make western union branches obsolete.
Bitcoin ATM shares anyone?

I was just thinking the same idea maybe you can use http://www.bitcoinstarter.com.

UnaNos

newbie

Activity: 16

Merit: 0

Has anyone considered crowd funding a bunch of those new Robocoin ATMs?
https://robocoinkiosk.com/

It's not something i'd like to setup myself (i'm busy enough), but surely it's viable?
If nothing else, those machines would make western union branches obsolete.
Bitcoin ATM shares anyone?

Topic: Crowd Funding Bitcoin (Robocoin) ATMs (Read 644 times)