Leading Japanese ATM manufacturer Oki gets into Bitcoin ATM Business.

White sugar

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Quote from: shinscarlet on May 27, 2017, 09:30:24 PM

Quote from: Wind_FURY on May 27, 2017, 08:33:18 PM

You get it but most of the people in this forum are either intelligent people who are irrational or idiots who think they are being rational when they say that Japan is the driving force of Bitcoin's price pump.

indeed, people thinks japan with their low population could affect bitcoin that much, doesn't make sense at all recalling that bitcoin investors are still minority there.

yes they can, few millions of bitcoiners around the world as now

syaripudin

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Nowadays japan is starting to position, bitcoin is the same as fiat in its country

shinscarlet

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Quote from: Wind_FURY on May 27, 2017, 08:33:18 PM

You get it but most of the people in this forum are either intelligent people who are irrational or idiots who think they are being rational when they say that Japan is the driving force of Bitcoin's price pump.

indeed, people thinks japan with their low population could affect bitcoin that much, doesn't make sense at all recalling that bitcoin investors are still minority there.

Wind_FURY

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Quote from: MingLee on May 26, 2017, 09:45:51 PM

Quote from: Wind_FURY on May 26, 2017, 09:41:56 PM

Quote from: RoommateAgreement on May 25, 2017, 09:58:05 PM

Quote from: Wind_FURY on May 25, 2017, 09:14:51 PM

Quote from: RoommateAgreement on May 24, 2017, 09:58:22 PM

when i said the mainstream adoption in Japan is real nobody believed me. now every day we hear about either a new business that started with bitcoin or an old business that integrated bitcoin in their system.

the Japanese effect is a 10 times bigger that the biggest we imagined it. because not only they have causes a lot of adoption within their own country, they also caused a new movement in the whole world.

I still do not believe you. True "mainstream adoption" will not come in a year and it is not coming right now. If it really is then try to get more data about it and do an analysis. Some of these "integration" are not yet proven to be there for a year or 5 years. Most of them are only joining the bandwagon.

well it is starting, it may not have happened on a big scale like we all want, but it surely has started. and checking the news and also seeing all the websites of these businesses it can be seen that they have either implemented bitcoin payment in their system already or they are doing it and will be finished in a couple of days.

you are right that it is a process that will take time, but with the sudden changes everything has become much faster.

If Bitcoin's "mainstream adoption" really is happening slower than everyone thought then the fast price increase cannot be justified by fundamental reasons. The increase is just like any other altcoin's rise. It is a speculative pump.

It's been like this for a really long time though, it's not like it was supposed to surprise anyone that we were experiencing a speculative pump and life wasn't all going to be easy and bull markets permanently. There are a lot of things that were hinting at it being a bubble, and the past day has just proved that it is. Now we just wait for everything to correct and see what can be done with the market.

You get it but most of the people in this forum are either intelligent people who are irrational or idiots who think they are being rational when they say that Japan is the driving force of Bitcoin's price pump.

South Park

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Quote from: MingLee on May 26, 2017, 09:45:51 PM

Quote from: Wind_FURY on May 26, 2017, 09:41:56 PM

Quote from: RoommateAgreement on May 25, 2017, 09:58:05 PM

Quote from: Wind_FURY on May 25, 2017, 09:14:51 PM

Quote from: RoommateAgreement on May 24, 2017, 09:58:22 PM

when i said the mainstream adoption in Japan is real nobody believed me. now every day we hear about either a new business that started with bitcoin or an old business that integrated bitcoin in their system.

the Japanese effect is a 10 times bigger that the biggest we imagined it. because not only they have causes a lot of adoption within their own country, they also caused a new movement in the whole world.

I still do not believe you. True "mainstream adoption" will not come in a year and it is not coming right now. If it really is then try to get more data about it and do an analysis. Some of these "integration" are not yet proven to be there for a year or 5 years. Most of them are only joining the bandwagon.

well it is starting, it may not have happened on a big scale like we all want, but it surely has started. and checking the news and also seeing all the websites of these businesses it can be seen that they have either implemented bitcoin payment in their system already or they are doing it and will be finished in a couple of days.

you are right that it is a process that will take time, but with the sudden changes everything has become much faster.

If Bitcoin's "mainstream adoption" really is happening slower than everyone thought then the fast price increase cannot be justified by fundamental reasons. The increase is just like any other altcoin's rise. It is a speculative pump.

It's been like this for a really long time though, it's not like it was supposed to surprise anyone that we were experiencing a speculative pump and life wasn't all going to be easy and bull markets permanently. There are a lot of things that were hinting at it being a bubble, and the past day has just proved that it is. Now we just wait for everything to correct and see what can be done with the market.

This is why I think it is better if we do what countries do when measuring if there was growth, instead of just looking at the previous month, they look at the size of their economy one year before in that very same day, that way they can determine if there was real growth, since it was very obvious that this huge increase in price could be nothing more than a bubble.

umbara ardian

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Quote from: joshy23 on May 24, 2017, 03:23:11 PM

Well they are Japanese Company, and Japan has just embraced bitcoin so they are also jumping into the bandwagon. It doesn't surprise me at all. Everybody is Japan is going crazy about bitcoin so this is the perfect timing to manufactured it and start the ball rolling to so that the general public can used them.

Japanese countries just use bitcoin, imagine a country as big as with very adequate technology, still using bitcoin as a means of payment. This is very good bitcoin evidence today. Continue to enjoy and see the various countries will use bitcoin as a means of payment,

rockerashxxiv

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Quote from: Dimelord on May 24, 2017, 01:42:36 PM

Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.

Every event happening just reassures the fact that both the popularity and price of bitcoins will increase and I hope everyone is investing and if ur not plz do Grin

MingLee

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Quote from: Wind_FURY on May 26, 2017, 09:41:56 PM

Quote from: RoommateAgreement on May 25, 2017, 09:58:05 PM

Quote from: Wind_FURY on May 25, 2017, 09:14:51 PM

Quote from: RoommateAgreement on May 24, 2017, 09:58:22 PM

when i said the mainstream adoption in Japan is real nobody believed me. now every day we hear about either a new business that started with bitcoin or an old business that integrated bitcoin in their system.

the Japanese effect is a 10 times bigger that the biggest we imagined it. because not only they have causes a lot of adoption within their own country, they also caused a new movement in the whole world.

I still do not believe you. True "mainstream adoption" will not come in a year and it is not coming right now. If it really is then try to get more data about it and do an analysis. Some of these "integration" are not yet proven to be there for a year or 5 years. Most of them are only joining the bandwagon.

well it is starting, it may not have happened on a big scale like we all want, but it surely has started. and checking the news and also seeing all the websites of these businesses it can be seen that they have either implemented bitcoin payment in their system already or they are doing it and will be finished in a couple of days.

you are right that it is a process that will take time, but with the sudden changes everything has become much faster.

If Bitcoin's "mainstream adoption" really is happening slower than everyone thought then the fast price increase cannot be justified by fundamental reasons. The increase is just like any other altcoin's rise. It is a speculative pump.

It's been like this for a really long time though, it's not like it was supposed to surprise anyone that we were experiencing a speculative pump and life wasn't all going to be easy and bull markets permanently. There are a lot of things that were hinting at it being a bubble, and the past day has just proved that it is. Now we just wait for everything to correct and see what can be done with the market.

Wind_FURY

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Quote from: RoommateAgreement on May 25, 2017, 09:58:05 PM

Quote from: Wind_FURY on May 25, 2017, 09:14:51 PM

Quote from: RoommateAgreement on May 24, 2017, 09:58:22 PM

when i said the mainstream adoption in Japan is real nobody believed me. now every day we hear about either a new business that started with bitcoin or an old business that integrated bitcoin in their system.

the Japanese effect is a 10 times bigger that the biggest we imagined it. because not only they have causes a lot of adoption within their own country, they also caused a new movement in the whole world.

I still do not believe you. True "mainstream adoption" will not come in a year and it is not coming right now. If it really is then try to get more data about it and do an analysis. Some of these "integration" are not yet proven to be there for a year or 5 years. Most of them are only joining the bandwagon.

well it is starting, it may not have happened on a big scale like we all want, but it surely has started. and checking the news and also seeing all the websites of these businesses it can be seen that they have either implemented bitcoin payment in their system already or they are doing it and will be finished in a couple of days.

you are right that it is a process that will take time, but with the sudden changes everything has become much faster.

If Bitcoin's "mainstream adoption" really is happening slower than everyone thought then the fast price increase cannot be justified by fundamental reasons. The increase is just like any other altcoin's rise. It is a speculative pump.

Freezingel

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It's nice to see bitcoin become more popular everyday in japan, they are a developed country and always open to new technology. There's only a few bitcoin atm here in my country and it's located very far from my home. I hope more country following their move and there will be a lot of bitcoin atm.

South Park

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Quote from: Dimelord on May 24, 2017, 01:42:36 PM

Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.

Good news from Japan keep coming and it does not seem that is going to slow down, it seems the markets have taken a moment to breath and take some profits but it seems the rally is going to keep going, pushed by Japan and their great enthusiasm for bitcoin and when we add the Olympic games are going to be held there this could lead to mass adoption because the tourist are going to be exposed to bitcoin like never before.

JL421

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Not only this I'm pretty sure we are soon going to see bitcoin atm around the world. Many people invested after the Wanna cry attack. And the price was 2000$ at that time , when price reached 2800$ full selling occurred. Cant blam them though as they are new to this. I just hope this atm charges reasonable fees.

aoluain

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Here is a link to more info > http://asia.nikkei.com/Business/Companies/Japan-s-Oki-launching-bitcoin-ATM-for-emerging-Asia
The machines are destined for CHINA and will not be used in Japan yet, the report states
there is a small demand for them in Japan at the moment . . . Sad

"Oki has no plans to deploy the ATM back in Japan yet,
given relatively quiet demand for bitcoin by financial institutions here."

Happydd

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Quote from: CasinoRoyal.one on May 26, 2017, 03:56:00 AM

It will be interesting to try one. Hopefully with the way the culture is in Japan they won't be vandalised like they have been in other parts of the world.

Japan is a very developed country, people's consciousness is also very high, their law is very strict, so I certainly do not have any destructive behavior towards ATM bitcoin.

markjamrobin

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Quote from: Dimelord on May 24, 2017, 01:42:36 PM

Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.

This is entirely within everyone's expectation, Japan is a developed country with modern technology, so when their government accepts bitcoin, the bitcoin-related infrastructure reliably Will be built and developed quickly. No wonder about it.

aoluain

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Quote from: NorrisK on May 26, 2017, 03:52:56 AM

I'm still not sure about the rationale behind the existance of bitcoin ATMs.

Regular fiat cash is starting to disappear in favor of digital transactions and yet, with bitcoin, a digital coin, ATMs are placed around the globa handing out physical "paper" bitcoins.

I could understand if they loaded the coins directly on your phone though.

I think the Bitcoins can be transferred to an online wallet via QR code
or they can print a paper wallet also.

I wonder if they will accept card payment going forward rather than physical cash?

CasinoRoyal.one

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It will be interesting to try one. Hopefully with the way the culture is in Japan they won't be vandalised like they have been in other parts of the world.

NorrisK

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I'm still not sure about the rationale behind the existance of bitcoin ATMs.

Regular fiat cash is starting to disappear in favor of digital transactions and yet, with bitcoin, a digital coin, ATMs are placed around the globa handing out physical "paper" bitcoins.

I could understand if they loaded the coins directly on your phone though.

freedomno1

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Quote from: Dimelord on May 24, 2017, 01:42:36 PM

Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.

It makes sense due to airline development news from Sakura Airlines, they either produce their own units or they purchase them from somewhere else. It's nice to see a new wave of machines on the market though and hopefully usage across the country.

aoluain

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Quote from: Dimelord on May 24, 2017, 01:42:36 PM

Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.

This is great news for sure. Yea OKI are the printer manufacturer.
Japan is really taking up the Bitcoin baton and really running with it.
I recon this is also why the value is rising rapidly lately,

is there a link to where you saw this report?

Topic: Leading Japanese ATM manufacturer Oki gets into Bitcoin ATM Business. (Read 1461 times)