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Topic: [OPEN] Robocoin BTC ATM Operating Services -available in US and Internationally! (Read 11824 times)

sr. member
Activity: 364
Merit: 250
Sorry, this service offering is closed. Please contact the Bitcoiniacs or another similar group for Crypto ATM servicing.
newbie
Activity: 56
Merit: 0
This is good, i contacted few days ago, still reviewing the terms, its a great investment plan for bitcoin and also will create good publicity.
GnB
newbie
Activity: 33
Merit: 0
Will you be providing images of the ATM in question?

Also is this similar to Lamassu? (mini Btc ATM currently being sold for 5k or so)

Cheers
hero member
Activity: 560
Merit: 500
StayFocus and LIVE
legendary
Activity: 1456
Merit: 1002
Please say you`ll install one in California (:
sr. member
Activity: 356
Merit: 250
Dock.io
Are the ATMs still not allowed in the US??  I am going to keep my eye on this one..  We are missing a huge market.  I think i can get one installed in Disney World, I am a registered contractor for and all the other theme parks in Orlando, FL.  Also,  I am right down the road from the guys at Cryptsy. 

Point is we need to find a way!
hero member
Activity: 874
Merit: 1000
I might be interested as well.
sr. member
Activity: 364
Merit: 250
Count me in, I have the perfect place for This!  Are these being produced already??  I might need 2 of these puppies...

Thx!

Hi WinterParker,

Great! These units are already being produced and are built as monthly batches.

Please send a follow up email to: [email protected]

This is the email address one should use for serious inquiries into this Robocoin ATM service. This will put you in contact with your CFO, Jonathan Kohn, for further discussions and questions.

Mahalo,
DZ
sr. member
Activity: 356
Merit: 250
Dock.io
Count me in, I have the perfect place for This!  Are these being produced already??  I might need 2 of these puppies...

Thx!
sr. member
Activity: 364
Merit: 250
I won't comment on another company's contract as I'm not a contracts expert and it's not my place to discuss the pros/cons of someone else's contract. We're here simply to offer a Point Of Sales and an operating service for these Robocoin ATMs, for those without the resources or inclination to run a network of Bitcoin ATMs.

I'm not here to help you to make a decision as to whether to purchase one or not. That's your due diligence, and your job, as an investor.

This service was on pause while these new terms were worked out. I will say that I was taken by surprise by the new fee split like others. I, for one, would never have sought nor condoned such a massive change in terms over such a short period of time, even if it was possible.

However, it is what it is, and Jordan does have a point that this appears to be the first franchise opportunity with a projected ROI of less than a month and that this still appears to be the only KYC and AML compliant Bitcoin ATM able to do both purchases and sales. I'm told that the sales were a significant portion of the gross revenue.

Being KYC/AML compliant is no small thing. The Traveler's Box deployed in Turkey was put on hiatus recently while legal issues are worked out.

Also: there's some other news coming out of Robocoin shortly regarding marketing that we should be expecting shortly.

==

If someone does choose to make an investment in Robocoin ATMs through us and have us service their ATMs, we will fly our company employees to the intended market to do market research and to seek local legal partners. We will also be on hand for market launch to help smooth the way for any potential issues that may crop up.

By the way, for what it's worth, as someone that is hardware neutral, I would have no problem offering a POS and our operating services for other KYC/AML compliant Crypto ATMs.
legendary
Activity: 2114
Merit: 1002
We are OPEN again! Thanks Jordan.

At this time: We can only assist those purchasing an entire ATM or set of ATMs. [We are still researching methods of making ATMs more widely available at fractional ownership but are still stymied by legal risks for this GB type method so far]

Serious buyers and investors only: Please send me or thomas_s a PM here, or a support ticket at our co-op site for further discussions.

US Buyers: For those willing to go through US MTL and possibly MSB licensing and bonding, we may be able to help assist you with a domestic launch of US Bitcoin ATMs.

Mahalo!

PM me more details.
I am looking to install this vending machines all over Asia.

Just wondering how you will install, operate, and restock the ATMs when you are not physically in that country?
Do you have a global technical partner to help on this?

oh wait, I already have you on my Skype.
legendary
Activity: 2114
Merit: 1002
We are OPEN again! Thanks Jordan.

At this time: We can only assist those purchasing an entire ATM or set of ATMs. [We are still researching methods of making ATMs more widely available at fractional ownership but are still stymied by legal risks for this GB type method so far]

Serious buyers and investors only: Please send me or thomas_s a PM here, or a support ticket at our co-op site for further discussions.

US Buyers: For those willing to go through US MTL and possibly MSB licensing and bonding, we may be able to help assist you with a domestic launch of US Bitcoin ATMs.

Mahalo!

PM me more details.
I am looking to install this vending machines all over Asia.

Just wondering how you will install, operate, and restock the ATMs when you are not physically in that country?
Do you have a global technical partner to help on this?
sr. member
Activity: 364
Merit: 250
We are OPEN again! Thanks Jordan.

At this time: We can only assist those purchasing an entire ATM or set of ATMs. [We are still researching methods of making ATMs more widely available at fractional ownership but are still stymied by legal risks for this GB type method so far]

Serious buyers and investors only: Please send me or thomas_s a PM here, or a support ticket at our co-op site for further discussions.

US Buyers: For those willing to go through US MTL and possibly MSB licensing and bonding, we may be able to help assist you with a domestic launch of US Bitcoin ATMs.

Mahalo!
sr. member
Activity: 364
Merit: 250
Here's my contact list for people who have reached out to me via PM or on the forums for updates once we get further legal clarity from Robocoin:

Th........s
bc.....s and ja...7
un............r
Mi...........n
ca........n
ma.......t
F...........h
m..0
r.....o
b................r
Eternity ?

This list may not be complete. Please contact me if you'd like to be added to the contacts list for this Services offering once we get "liftoff" clearance from Robocoin.

Again: even if you or your group can't afford an ATM, please contact me or thomas_s via PM to discuss your situation and options available to you.
sr. member
Activity: 364
Merit: 250
Thanks Eternity.

Would you like me to add you to our notification list once we get legal clearance for "liftoff" from Robocoin?

==

Additional update on yesterday's pause, and a little more about the team:

I'm in constant communication with Robocoin when discussing our internal plans and operations, regarding their company and their product. This Service is paused by request of Jordan Kelley, Robocoin's CEO, as he personally contacted me to request the pause while we await much better legal clarification; this is the only reason why it's currently paused.

We already have a successful Bitcoin business called "Dyslexic Zombei's Miners Cooperative." We sell at-cost GB shares and we are the #1 Miners Cooperative (by a long shot) on the Group Buys Forum, with over 120 members and 6 Group Buy Coordinators. While we've done over $200K in sales (and refunds) it doesn't earn much money/BTC at this point, but that was not the intention of starting it. The intention of starting the co-op was to provide a scam free sales outlet that allowed the "little guys" access to true Institutional Pricing to the most expensive miners on the market (which have the best value propositions).

We've succeeded in this goal and continue to succeed with offering many of the world's best deals on ASIC hardware.

This "amateur" co-op is our launch pad for a number of other pro Bitcoin businesses I'm currently involved with helping to launch, teaming up with investors and DZ MC leaders/members across the country and planet. Our core team consists of 5 company founders with backgrounds in IT, Sales, and Finance, an oil VP and contracts expert, a Forex expert, a handful of private investors, and a number of board directors.

These Group Buys have allowed us to grow and mesh as a team, as well as learn to deal with crises together. With the oil output of two Texas wells and a partnership with Balanced Energy LLC of Texas, I daresay that for people that have met up through these forums, we are the most powerful union of miners/investors this forum has seen so far.

Our business plan for the Robocoin BTC ATMs is listed in the details of this thread. It's simple and straightforward: you buy a Bitcoin ATM or a few through our company, and we do our best to give you hands off and hassle free ownership of said BTC ATM for as long as you'll have us as your ATM Service company.
full member
Activity: 196
Merit: 100
Really great to hear about your service
sr. member
Activity: 364
Merit: 250
I received word that we need to pause this temporarily.

Jordan, the CEO from Robocoin, says that they are in the process of sorting out some final legal questions and should have some info on this shortly.

He says that the answers forthcoming shortly should provide *a lot* of clarity as to their operations strategy. We also discussed the first five launch markets that we were aiming for.


==

So: Please continue to send me your PMs with your interest in this private venture, but please be aware that we are officially and temporarily PAUSED.
sr. member
Activity: 364
Merit: 250
As someone who was in the original R14 buy, this is exciting! Could you go into a little more detail about what someone who doesn't have enough money to buy an individual ATM? I'm mainly concerned about the legalities of two things:

1) Can these ATM's now be installed in the US?
2) What are the legal requirements for those who are participating in a group buy? I'm assuming reporting all profits?

Thanks!

Hey floatyfish,

Thanks for the feedback!

1) Yes, they can be installed in the US, but it's still a patchwork of messy laws, and we can't do a GB-type offering for this at this time. We are also steering clear of a US launch at this early stage for our startup. I am not aware of any company or group doing a wider US launch at this time.

2) This is not a public group buy. We are assisting ATM buyers to procure and secure Operations servicing for said ATM(s). We are also buying ATMs with our own internal, private funds.

I cannot publicly solicit for shares or securities. However, as co-op members in a private entity, if you're an existing co-op member or an R14 buyer you can send me a PM to privately discuss your situation and the options that are available to you.

Also: we recommend that all relevant taxes will and should be paid from this venture. The company founders frown on companies that exploit loopholes to get unfair tax rates which unfairly burdens their host country or countries. We can also help you set up tax payments which will be automatically deducted from the gross revenue, in order to help keep you in compliance.
sr. member
Activity: 373
Merit: 250
As someone who was in the original R14 buy, this is exciting! Could you go into a little more detail about what someone who doesn't have enough money to buy an individual ATM? I'm mainly concerned about the legalities of two things:

1) Can these ATM's now be installed in the US?
2) What are the legal requirements for those who are participating in a group buy? I'm assuming reporting all profits?

Thanks!
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