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Topic: First bitcoin teller machine in Kazakhstan - page 2. (Read 1160 times)

legendary
Activity: 1512
Merit: 1012
December 25, 2015, 01:33:36 PM
#9
So does it just convert Bitcoin into local banknotes?  That seems to be a bit of a limited function. Why would people pay 5% when they can pay for items directly?

Because not all stores accept Bitcoin yet.

Anyways, the tweet says "#dontbeapussybuybitcoin ", so I assume it also allows converting fiat to Bitcoin.
legendary
Activity: 2870
Merit: 2474
https://JetCash.com
December 25, 2015, 01:26:41 PM
#8
So does it just convert Bitcoin into local banknotes?  That seems to be a bit of a limited function. Why would people pay 5% when they can pay for items directly?
legendary
Activity: 1512
Merit: 1012
December 25, 2015, 12:28:02 PM
#7
These machines are expensive. To place them, owners are expecting a ROI more or less soon. I also don't know how's the Bitcoin scene there but if the machine exists there's probably a small community using Bitcoin around that place Smiley
The owner must not thinking about getting ROI, he/she must be think about spreading Bitcoin to his/her own country Smiley

Not impossible but very difficult Cheesy It would have to be someone with a lot of money to burn to do that...
legendary
Activity: 3080
Merit: 1500
December 25, 2015, 12:27:11 PM
#6
I really doubt about it....definitely the owner looking for a business and not charity. But it's ok, bitcoin is all about earning money.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
December 25, 2015, 12:23:15 PM
#5
These machines are expensive. To place them, owners are expecting a ROI more or less soon. I also don't know how's the Bitcoin scene there but if the machine exists there's probably a small community using Bitcoin around that place Smiley
The owner must not thinking about getting ROI, he/she must be think about spreading Bitcoin to his/her own country Smiley
legendary
Activity: 3542
Merit: 1352
December 25, 2015, 11:58:12 AM
#4
These machines are expensive. To place them, owners are expecting a ROI more or less soon. I also don't know how's the Bitcoin scene there but if the machine exists there's probably a small community using Bitcoin around that place Smiley

Yup, the owners must've seen some incentives in placing that atm in there in the first place, so that probably means there must be something happening in the background that is not known in the mainstream bitcoin community. Overall, this is a pretty good start in Kazakhstan. Bitcoin acceptance is gaining traction. Smiley
legendary
Activity: 1512
Merit: 1012
December 25, 2015, 11:55:43 AM
#3
These machines are expensive. To place them, owners are expecting a ROI more or less soon. I also don't know how's the Bitcoin scene there but if the machine exists there's probably a small community using Bitcoin around that place Smiley
legendary
Activity: 1358
Merit: 1014
December 25, 2015, 10:30:40 AM
#2
Welcome!
Kazakhstan, Almaty, Samal 3 1, Ritz Palace, ritz.kz
24/7
5% fee,
https://twitter.com/arruah/status/679996457764536322

This is pretty surrealistic. I didn't know there were Bitcoiners in Kazakhstan, let alone getting involved with physical stuff related to Bitcoin.
legendary
Activity: 1357
Merit: 1004
December 25, 2015, 10:23:35 AM
#1
Welcome!
Kazakhstan, Almaty, Samal 3 1, Ritz Palace, ritz.kz
24/7
5% fee,
https://twitter.com/arruah/status/679996457764536322
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