OKCoin announced Bitcoin ATM vending machine .. and price goes bonkers.

bountygiver

member

Activity: 100

Merit: 10

Quote from: d2dtk on April 14, 2014, 12:52:32 PM

Quote from: Bit_Happy on April 14, 2014, 12:27:15 PM

Quote from: RockHound on April 14, 2014, 10:11:36 AM

Does anyone have a handle on the Withdrawal features yet?

So will be able to exchange Cash for Ƀ at the ATM, but after trading on the site(s) how do clients withdraw cash back to their bank?

Hopefully the ATM's will also dispense Cash for Ƀ too

The BTC market seems to be expecting good news.
Withdrawal features?
I would love to see this answered, hopefully soon.

Any news on if the machine can take deposits or do transfers? That would for sure peak mine and everyone's interest.

why the heck you need another machine to help you do transfer.
Don't trust any machine you don't own to sign tx for you.

d2dtk

hero member

Activity: 518

Merit: 501

Quote from: Bit_Happy on April 14, 2014, 12:27:15 PM

Quote from: RockHound on April 14, 2014, 10:11:36 AM

Does anyone have a handle on the Withdrawal features yet?

So will be able to exchange Cash for Ƀ at the ATM, but after trading on the site(s) how do clients withdraw cash back to their bank?

Hopefully the ATM's will also dispense Cash for Ƀ too

The BTC market seems to be expecting good news.
Withdrawal features?
I would love to see this answered, hopefully soon.

Any news on if the machine can take deposits or do transfers? That would for sure peak mine and everyone's interest.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: RockHound on April 14, 2014, 10:11:36 AM

Does anyone have a handle on the Withdrawal features yet?

So will be able to exchange Cash for Ƀ at the ATM, but after trading on the site(s) how do clients withdraw cash back to their bank?

Hopefully the ATM's will also dispense Cash for Ƀ too

The BTC market seems to be expecting good news.
Withdrawal features?
I would love to see this answered, hopefully soon.

RockHound

full member

Activity: 224

Merit: 100

Does anyone have a handle on the Withdrawal features yet?

So will be able to exchange Cash for Ƀ at the ATM, but after trading on the site(s) how do clients withdraw cash back to their bank?

Hopefully the ATM's will also dispense Cash for Ƀ too

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

This is the positive news out of China? A Bitcoin ATM from OKCoin?

Doesn't sound that major...but I guess anything that allows circumvention from the PBOC.

Only question is, if the PBOC don't like these ATMs, can't they just rule it's illegal to have one like they did with bank deposits?

fudbuster

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Activity: 83

Merit: 10

I was wondering what the heck happened to the BTC price today. Awesome news!

bryant.coleman

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I am confused. What makes you think that this set of ATMs will be allowed to operate freely in mainland China? One more thing, is this ATM capable of converting BTC to CNY?

hilariousandco

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Quote from: RawDog on April 14, 2014, 07:07:47 AM

Quote from: hilariousandco on April 14, 2014, 07:00:51 AM

Yeah, until tomorrow when it tanks on the whiff of a rumour Cheesy

.

a what? Did you mean a 'roomer'?

Eh? No, what's a roomer?

RawDog

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Quote from: hilariousandco on April 14, 2014, 07:00:51 AM

Yeah, until tomorrow when it tanks on the whiff of a rumour Cheesy

.

a what? Did you mean a 'roomer'?

hilariousandco

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Quote from: franky1 on April 14, 2014, 06:54:53 AM

Quote from: hilariousandco on April 14, 2014, 03:23:43 AM

I'd hardly say the price went 'bonkers'. This news is probably unrelated but people always try find a story as the source or cause of the price rise.

it took 3 months to tank from $1000 down to $400.. dont expect it to be $1000 in 5......4......3......2.......1.... nope still not $1000 but atleast its heading in the right direction

Yeah, until tomorrow when it tanks on the whiff of a rumour Cheesy

.

franky1

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Activity: 4424

Merit: 4794

Quote from: hilariousandco on April 14, 2014, 03:23:43 AM

I'd hardly say the price went 'bonkers'. This news is probably unrelated but people always try find a story as the source or cause of the price rise.

it took 3 months to tank from $1000 down to $400.. dont expect it to be $1000 in 5......4......3......2.......1.... nope still not $1000 but atleast its heading in the right direction

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

I guess since now on we would need to take all of our information from China source Wink

hilariousandco

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Join the world-leading crypto sportsbook NOW!

I'd hardly say the price went 'bonkers'. This news is probably unrelated but people always try find a story as the source or cause of the price rise.

Nagle

legendary

Activity: 1204

Merit: 1002

From the article:

Quote

But Bitcoin audience is too small, and the distribution of scattered even more concentrated in some areas, the overall demand for Bitcoin ATM machine is still very small in terms of, and the convenience of online transactions and bitcoin far greater than the line Under the transaction, the symbolic launch of the ATM machine should be far greater than the actual meaning.

Also, it's not a "Bitcoin ATM", just another vending machine which sells some kind of Bitcoin card.

franky1

legendary

Activity: 4424

Merit: 4794

its not the fact of the ATM exactly, its the proof that chinese exchanges are expanding their business and not dissolving their business. so confidence in china is returning. time to buy up while in the 400's as its about to go back to 600-1000 this week..

Bit_Happy

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A Great Time to Start Something!

The good news regarding China is turning into a flood.

pdawg

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Here is the translated page:

http://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.coins3.com%2F2014-04-14%2F920%2F&edit-text=&act=url

Topic: OKCoin announced Bitcoin ATM vending machine .. and price goes bonkers. (Read 1991 times)