Kwik Trip To Install 800 New Bitcoin ATM - page 3.

NeuroticFish

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Quote from: Wiwo on May 17, 2022, 11:58:35 AM

800 new Bitcoin ATMs with a 11% charges in fees.

It would have been an overly great news if it weren't the 11% fees.
That's too much, especially as I expect KYC also become - sooner or later - mandatory for all amounts, hence even more premium as taxes.

avikz

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800 New ATMs - that's huge! It certainly will help to raise awareness about cryptocurrencies in general among the masses. However, 11% fees might be a turn down for many. But if it gives a choice to stay anonymous, some people may be ready to pay that extra premium in exchange of protecting their anonymity.

So this has bith pros and cons. I hope the pros of such huge initiative overpowers the cons and nake the venture profitable in long run.

BitSwapNow

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That is pretty awesome that they are collaborating in that way. That is a lot of locations also. But also that is a pretty high fee as well. Exchanges and other services such as our own offer purchasing online with much lower fees. Bitcoin ATMs dont offer much privacy either as you usually need to provide ID and KYC items as well for purchases.

Wiwo

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Bitcoin ATMs have become one of the booming businesses around the cryptocurrency business environment lately aside from the fact that Bitcoin ATMs make accessibility of Bitcoin easier for users who want to transact in private and to remain anonymous. Bitcoin ATM operators charges higher fees even more than exchanges which is why most digital assets company dive into the thriving new business by operating a Bitcoin ATM kiosk all around with the latest being Kwik trip a convenience store base in Wisconsin in collaboration with coinsource a taxas based cryptocurrency firm to established 800 new Bitcoin ATMs but the 11% charges in fees, it becomes a major turn off to most Bitcoin users but on a general note 800 Bitcoin ATM is a good move to Bitcoin adoption.
Source: https://cryptonews.net/6684027

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