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Topic: Dubai 400 Bitcoin ATMs in 2 weeks (Read 5961 times)

legendary
Activity: 1232
Merit: 1011
Monero Evangelist
March 20, 2014, 08:25:57 AM
#53
I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

That was in Canada if I remember correctly.
www.wired.com/wiredenterprise/2014/01/bitcoin_atm/
newbie
Activity: 24
Merit: 0
March 20, 2014, 08:25:30 AM
#52
400 Bitcoin ATMs in only 2 weeks??? It's incredibly much!
full member
Activity: 214
Merit: 100
March 20, 2014, 08:22:22 AM
#51
I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

That was in Canada if I remember correctly.
sr. member
Activity: 266
Merit: 250
March 20, 2014, 03:25:18 AM
#50
More good news 4 bitcoin, going up
newbie
Activity: 1
Merit: 0
March 20, 2014, 03:23:03 AM
#49
I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

LOL  my question is where did he get the btcs?
member
Activity: 99
Merit: 10
newbie
Activity: 12
Merit: 0
March 19, 2014, 11:00:05 PM
#47
This is great news !
legendary
Activity: 1764
Merit: 1000
March 19, 2014, 10:13:25 PM
#46
Dubai to be the BTC center of the world? Maybe Smiley

BTW I think one BTC ATM in Mexico is doing Doge  Grin
member
Activity: 99
Merit: 10
March 19, 2014, 09:17:49 PM
#45
I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.
lolled
newbie
Activity: 4
Merit: 0
March 19, 2014, 04:32:28 PM
#44

i am not sure what gtfo means but I think i have the idea  Cheesy
legendary
Activity: 2940
Merit: 1865
March 19, 2014, 01:45:06 PM
#43
...

I did not see this question addressed:

Will the ATMs buy & sell BTC anonymously? 

For me that is the important question.

If so, then Dubai is about to become a very popular place to visit! 

Nice gold market too.

***

No deals for 18 kt gold down here in Peru (on a visit), a (net) premium of about 35% over spot for simple gold jewelry, which is, of course, better than the USA, but I was hoping for a better deal.

Gold Eagles, then, when I get back!
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
March 19, 2014, 12:13:16 PM
#42
...
The next steps will be:
...
- selling oil directly for Bitcoin and Namecoin

Oh gawd, I hope not. At least not yet.

Saddaam Hussein announced he'd accept currencies other than USD for his oil. Days later, the bombs started falling.

Moammar Quaddafi announced he'd accept currencies other than USD for his oil. Days later, the bombs started dropping.

Some day, perhaps. But crypto needs to become way more mainstream before invoking the real wrath of TPTB.
newbie
Activity: 48
Merit: 0
March 19, 2014, 08:41:22 AM
#41
My sister lives in Dubai. Does anybody knows, if this ATM can sell Dogecoin?

Thank you.
legendary
Activity: 1540
Merit: 1000
March 19, 2014, 08:37:33 AM
#40
Is this real? This is going to be huge news if it's true.
hero member
Activity: 504
Merit: 500
March 19, 2014, 08:34:03 AM
#39
A good beginning.  Grin
The next steps will be:
- identification by the ATM only with Namecoin ID
- selling oil directly for Bitcoin and Namecoin
hero member
Activity: 770
Merit: 500
March 19, 2014, 08:30:58 AM
#38
You guys do realize that dogs are not very popular in the Arab world right? The word "dog" is even used as a pejorative. Calling someone a dog is actually the most common way to make an insult in the Muslim world.

lol you think dogecoin bagholders use common sense ? they just spread their diarrhea on the world and hope it sticks.
newbie
Activity: 4
Merit: 0
March 19, 2014, 08:28:53 AM
#37
You guys do realize that dogs are not very popular in the Arab world right? The word "dog" is even used as a pejorative. Calling someone a dog is actually the most common way to make an insult in the Muslim world.
hero member
Activity: 770
Merit: 500
March 19, 2014, 08:28:12 AM
#36
and the dogecoin bagholders have poisoned this thread  just like everything else they touch.
hero member
Activity: 742
Merit: 500
March 19, 2014, 08:14:54 AM
#35
Edit: yeah... too much doge flooding this thread quickly so replacing my post with this tiny note. That recent donation on tweeter does deserve some credit. I don't believe in doge and never used doge though.
full member
Activity: 182
Merit: 100
March 19, 2014, 08:03:03 AM
#34
Yeah,that's some really great news.
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