I am considering the potential of investing in a Bitcoin ATM to partner with a local business and be the first mover in LEthbridge Alberta Candada, we're a town of 90-100 thousand depending on greater area or not.
Here's a little BG about the motivation...
I am the person behind www.yocrypto.ca. Basically, we provide content to businesses considering Bitcoin integration. I have been at it for 4 months, previously www.dogehouse.ca was my project, but, well you know, dogecoin.. So, I moved to YOCrypto as a way to provide businesses with content that will get them to go the extra mile with Bitcoin and not just spank up "Bitcoin Accepted" badge but to actually promote bitcoin, and reap the benefits of consumer loyalty.
Bitcoin fascinates me, and it's coming to the point where I really need to start monetizing the hobbies, or look for a FT job locally that would kill my Bitcoin hopes and dreams. So, have been working on direction and our strategy a little bit and decided to focus less online, and more in the community.
The next 2 projects for YOCrypto are expansion into ATM distribution as a way to create a buzz within retailers accepting Bitcoin, and a complete coupon/VIP Bitcoin program similar to the SPC card in Canada which is a MASSIVE hit discount program.
I come to inquire about funding for my first Bitcoin ATM that will be placed in Lethbridge Alberta Canada.
At the moment I am crunching numbers on demographics and small businesses within the area that I will target with Bitcoin adoption. This is not something I am going to be considering... half assed. Based off surverys and earlier projections, I am going to be focusing on businesses with a concentration of male traffic, 20-44, and employed in a a number of fields (mainly technical, retail, and web based business).
Including the demographics above, and roughly 34% consideration rate, I am looking to reach 2100 local citizens that directly possess the attributes that compromise the average Bitcoin user. I have a handful of businesses in line to approach, but I am planning to inquire about funding prior,so I can get a feel for the bigger picture before I set up meetings.
This is simply the framework and background for anyone taking the time to read. I am putting a complete plan together as I write this, but would like to understand this part of the process a little before approaching retailers with a presentation of possibilities..
Basically, I am looking to get a feel for how this situation would work. I am new to the "forum" lending community and would like to learn a little more before I peruse another type of funding.
I would be looking for between 3-4 K USD to acquire a Gigabytes ATM and starter marketing materials.
Aside from everything, I am also seeking out partners for these projects as the plans for YOCrypto defiantly exceed my ability to complete everything in a timely fashion. If anything above is something that interests you, or YOCrypto is a brand you could see yourself aligning with, let me know.
Love to hear thoughts and opinions before I actually peruse anything, and wanted to see what the community thought here before I began to look for opportunities locally. I am pretty new here and have seen postings in which people ask for collateral, which makes sense, but i haven't seen much offered. My daily vehicle that is worth the value of the loan is probably my largest asset at the moment. Not to sure how everything works, but given the right circumstances, that is most likely what I would have to offer.
@marketminded - Personal Twitter
@yocrypto - YOCrypto main
I am interested, hit me up.
You only missed this by about 4 years.