First Bitcoin ATM (BTM) comes to Greece amidst the recession!

scarsbergholden

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Quote from: bryant.coleman on June 27, 2015, 10:42:03 PM

Despite the financial troubles, only a small fraction of the Greeks have heard about the Bitcoin and other crypto-currencies. And even fewer numbers know how to use them and to store them securely. Right now, most of the Greeks are storing their wealth in the form of fiat banknotes, and bullion coins. Bitcoin exchange rates are too volatile to be attractive.

Yea is most likely for them to turn into precious metals has is more in the general public knowledge to the value and trade of gold, silver and other precious metals, the greeks will begin to trade in metals in till they begin to see how hard is to trade with big vol of metals and with bitcoin is pretty much a clic away.

bryant.coleman

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Despite the financial troubles, only a small fraction of the Greeks have heard about the Bitcoin and other crypto-currencies. And even fewer numbers know how to use them and to store them securely. Right now, most of the Greeks are storing their wealth in the form of fiat banknotes, and bullion coins. Bitcoin exchange rates are too volatile to be attractive.

scarsbergholden

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Quote from: dKingston on June 27, 2015, 08:43:31 PM

KimDotCom says greece debt default is going to boost gold and bitcoin .. I'm not sure sure about gold, but Greece sure might drift toward bitcoin in a big way ...

Well not Greece has a complete but more the tech savvy, the bitcoin foundation should step in and educate some of the greeks or setup an embassy in order to create a bigger bitcoin movement in greece.

dKingston

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LAUNDER BITCOIN: https://BitLaunder.com

KimDotCom says greece debt default is going to boost gold and bitcoin .. I'm not sure sure about gold, but Greece sure might drift toward bitcoin in a big way ...

chek2fire

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video from Rusia Today

https://www.youtube.com/watch?v=1TmPU3ii_uE

OROBTC

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...

I am late to this thread, but will make a couple of observations:

1) It looks like this BTC ATM requires no ID to use. The only machine I ever used (in NYC) did not either, I put in almost all the cash I had in my wallet ($400) for BTC. Assuming any such buyer has a safe wallet, then they are good to go... Good to go to Italy or anywhere else to get their money out of Greece!

2) Anyone looking to get some of their money out of Greece should consider (and quickly!) buying BTC as heavily as they can. YES, BTC price is quite variable, but almost any amount of price volatility is more than compensated by the relative safety of BTC (and the ability to get it back in Italy or wherever). I completely agree with above comment on why there are so many Greeks with so much money left in their banks, WTF?!

* * *

It would be of interest to this thread if we can get pictures of the lines of people (or even the lack thereof) in the coming days. Zero Hedge has a big article on long lines forming at "regular ATMs", getting their electrons in the bank turned into paper euros while they still can...

Chef Ramsay

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Quote from: ifightformerkel on June 26, 2015, 12:40:37 PM

News nice, so the greece people can change their euros into bitcoins.
Its a win win situation for the people there and for bitcoin promotion.

It would be nice when everything in greece would now go trought bitcoin (dreaming

), it will give bitcoin a big boost.

We need this atms all over greece.

For real, you'd have thought that these ATM companies would've been knowing the debt situation in Greece for quite a while now and would've planned accordingly. Not saying Cyprus caused the junior bull run in the spring of 2013 but the impending perception of the dynamics there surely helped the outward-in look. And, Greece is way bigger of a deal at this point especially as the market seems to be turning around.

ifightformerkel

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News nice, so the greece people can change their euros into bitcoins.
Its a win win situation for the people there and for bitcoin promotion.

It would be nice when everything in greece would now go trought bitcoin (dreaming

), it will give bitcoin a big boost.

We need this atms all over greece.

belltown

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still can't change my profile pic

I travel to Greece from time to time and I hate taking lots of cash with me or having to use debit card and pay currency exchange + transaction frees. I would love to have some way where I can just exchange my BTC into Euros so I can travel with no worry.

Unfortunately, this ATM doesn't help me because it doesn't do BTC=>fiat.
Unfortunately, even if there would be 2 way ATM in Athens it would probably still have so high fees that using debit card would be cheaper. And I'm taking about very high debit card fees: 3% exchange rate + $0.30 per transaction.

bSpend

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Life

thanks!

chek2fire

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More pic from a newspaper in Greece
The owner of book shop

and a video

http://cdnapi.kaltura.com/index.php/extwidget/openGraph/wid/1_v6iqihxh

Acidyo

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Will Bitcoin Rise Again to $60,000?

Wow, this is great news...its great to see Greece steeping up! Someone find a place for the 2 way, so BSpend can install it!

DarkHyudrA

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English <-> Portuguese translations

Quote from: BillyBobZorton on June 25, 2015, 11:39:03 AM

Quote from: mahi4ever on June 25, 2015, 10:59:53 AM

Sounds great.
But how we can redeem it...has btc came in cash as notes. Or its a digital only.

What do you mean redeem it?
You put your euros in and you get your BTC out, and the opposite. Pretty straight forward, but without privacy anyone with access to the machine will know how much money did you run troughs that because again I doubt it's anonymous and no one here is saying exactly what do you need to provide to use the machine.

If you read instead of just saying shit, the OP already said that this machine can only buy BTC, not cashout fiat.

Quote from: mahi4ever on June 25, 2015, 12:43:28 PM

In what i get my btc out.
Are they transfered to my wallet?

Yup, you put the money, say your address, and done, fresh BTC in your wallet.

bitllionaire

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Quote from: mahi4ever on June 25, 2015, 12:43:28 PM

In what i get my btc out.
Are they transfered to my wallet?

Usually you have to carry some qr code with your bitcon address and a camera read it

bitllionaire

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I am still waiting something like what happened in Cyprus, I think it will pump up bitcoin and more if they have ATM like that one Cheesy

mahi4ever

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In what i get my btc out.
Are they transfered to my wallet?

BillyBobZorton

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Quote from: mahi4ever on June 25, 2015, 10:59:53 AM

Sounds great.
But how we can redeem it...has btc came in cash as notes. Or its a digital only.

What do you mean redeem it?
You put your euros in and you get your BTC out, and the opposite. Pretty straight forward, but without privacy anyone with access to the machine will know how much money did you run troughs that because again I doubt it's anonymous and no one here is saying exactly what do you need to provide to use the machine.

mahi4ever

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Sounds great.
But how we can redeem it...has btc came in cash as notes. Or its a digital only.

acquafredda

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I hope this is the first step of a great journey my greek friends!

Long live!

LiteCoinGuy

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In Satoshi I Trust

Quote from: bSpend on June 24, 2015, 10:38:23 AM

Acharnes is Greater Athens, less than 30min by train from Athens centre. We are looking for a location in central Athens to place a 2-way, so anyone with ideas is welcome

hello

thanks for the clarification. good work and good luck over there. i guess you are living in some tough times in these days Lips sealed

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Topic: First Bitcoin ATM (BTM) comes to Greece amidst the recession! (Read 2583 times)