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Topic: Vietnamese Exchange BitcoinVN Is Seeking Investors For 12 New Bitcoin ATMs - page 3. (Read 2136 times)

legendary
Activity: 2758
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Thank you very much for your continued interest in our project. Smiley

The volume has gone down (not dramatically so) a bit since currently Vietnam is in lockdown and all borders closed (so no tourists are coming to use the machine which where a minor, but significant part of our user base); overall we are holding up quite well though.

In Vietnam (almost) everybody is quite aware of the situation and use of facemasks / hand sanitizers is widespread. Our firm also switched since last month to basically fully remote office and any physical interactions which still take place, are conducted with outmost care to avoid getting infected (many Vietnamese people live with and/or close with their parents and elderly family members which make it even more important to not become a spreader).

I've been following a few BTCATM projects over the past two years. The numbers are hard to ignore in terms of proliferation, and I am from Southeast Asia where in my own capital 2 ATMs were installed years ago but sadly, fell into disrepair (that I know of anyway based on the bitcoin atm radar of circa 2016).

Good luck to you. It's going to be bad for most businesses -- crypto not excluded -- but we will all come back bigger than ever!
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
Update on Locations due to the increased lockdown measures in Ho Chi Minh City since 24/03/2020:

Quote
Updated opening hours:

- Italiani's Pizza opens from 1pm-1am
 Cheesy

- Italiani's Pizza Han Thuyen open as usual 10am-10pm
 Cheesy

- PizzAmore*- location closed down until next notice
 Cry


*If you "only" look to get some #pizza in #thaodien; Pizzamore still operating their delivery service

Source: https://twitter.com/BitcoinATMHCMC/status/1242961339942760448
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam


Should train people to wipe down the machines too (provide the wipes) or gloves if they want to use, though I would say if Hanoi's in lockdown, you should just follow suit and get non-critical stuff down.



Thank you very much for your continued interest in our project. Smiley

The volume has gone down (not dramatically so) a bit since currently Vietnam is in lockdown and all borders closed (so no tourists are coming to use the machine which where a minor, but significant part of our user base); overall we are holding up quite well though.

In Vietnam (almost) everybody is quite aware of the situation and use of facemasks / hand sanitizers is widespread. Our firm also switched since last month to basically fully remote office and any physical interactions which still take place, are conducted with outmost care to avoid getting infected (many Vietnamese people live with and/or close with their parents and elderly family members which make it even more important to not become a spreader).
legendary
Activity: 2758
Merit: 3408
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Cool stuff, just checked back here after a while and pleasantly surprised to see the machines already arriving. I know it arrived late December so what was your volume like before the big C came? Hope the volume was motivational.

Should train people to wipe down the machines too (provide the wipes) or gloves if they want to use, though I would say if Hanoi's in lockdown, you should just follow suit and get non-critical stuff down.

@BTCATMs nice to see you found this thread too.
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
All our BTM have been supplied with hand sanitizers to increase hygiene in these daring times.



member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
Partially related - our mother company BitcoinVN was this week covered on badcredit.org:

member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
thanks for the update, guys... some of my friends would appreciate to know it is still working.
i guess, the C is very much affecting all of the businesses in D1 right now.
keep calm and buy bitcoin! Smiley

Thank you!  Smiley

We will do our best to keep everyone informed and up to date to our best abilities.

It is of course a very fluid situation and things can change by the hour, but so far we can still confirm to be fully operational on all our locations.

legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!
thanks for the update, guys... some of my friends would appreciate to know it is still working.
i guess, the C is very much affecting all of the businesses in D1 right now.
keep calm and buy bitcoin! Smiley
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
Good evening!  Smiley

While the People Committee of District 1 in HCMC announced the closure of all bars, nightclubs, massage salons etc. in District 1 due to the Coronavirus situation, we would like to assure our customers, that our current two locations in District 1 at Italiani's Ly Tu Trong 290 and Italiani's Han Thuyen 17 are *not* affected by the measures taken by the local authorities.

All our locations are operating normally.  Smiley



member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
Hi,

Great to see your project launch was a success. It is very inspirational to see your progress!!!  I wish you a lot of luck. We are hoping to achieve something similar here in Spain/Europe and we are very glad to see a project like yours doing well  Smiley

Thank you.  Smiley

We wish you success for your project as well!

Maybe at some point in the future we might even find some ways to cooperate on business matters!

Greetings from Vietnam  Smiley
jr. member
Activity: 45
Merit: 10
Hi,

Great to see your project launch was a success. It is very inspirational to see your progress!!!  I wish you a lot of luck. We are hoping to achieve something similar here in Spain/Europe and we are very glad to see a project like yours doing well  Smiley
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
BTM Department BitcoinVN – Bitcoin ATM Fundraising – Update 02.12.2019
Quote
With the current batch of 12 machines reaching HCMC port within the coming days the current fundraising round will end by 31.12.2019.

We will continue to update on our progress in regard to our network expansion plans and any future upcoming opportunities on our website and via our Social Media channels on Twitter, Facebook and Bitcointalk.

We thank everyone for the received support so far and wish everyone a successful last month in 2019!

BTM Department – BitcoinVN

Why not consider on trying to seek out local people first ? You do need 20 person with having at least $5k to invest.
It isnt bad to seek online investors though but the hard thing here is to trust up on a business where the output is
on the other side of the globe/country.Any info's on how much you already raised?

Hi,

The current fundraising round is closed for further outside investors.

The machines have been purchased and have arrived in Vietnam: https://twitter.com/BitcoinATMHCMC/status/1209488409779007493



Deployment is ongoing: https://news.bitcoinvn.io/first-bitcoin-atm-in-thao-dien-saigon-placed/?lang=en



And while we very(!) well understand the hesitation towards "Crypto business" out of Vietnam, we would like to mention that our mother entity BitcoinVN is Vietnam's oldest Bitcoin Exchange Service (established in late 2013) and partially operated by German Expats/"Bitcoin OG"'s" with a long history in the space  Smiley - see also here for more information: https://bitcointalksearch.org/topic/bitcoinvn-vietnams-first-and-oldest-bitcoin-exchange-5215245

Andrew Rowan also wrote a couple of years back a feature about our mother entity: https://medium.com/@MrRowan/a-brief-history-of-bitcoin-in-vietnam-a41a7b26cb83

We might have other opportunities available in the future, so in case you might be interested to participate in any future expansions feel free to also follow us on Twitter or Facebook .
hero member
Activity: 2828
Merit: 767
BTM Department BitcoinVN – Bitcoin ATM Fundraising – Update 02.12.2019
Quote
With the current batch of 12 machines reaching HCMC port within the coming days the current fundraising round will end by 31.12.2019.

We will continue to update on our progress in regard to our network expansion plans and any future upcoming opportunities on our website and via our Social Media channels on Twitter, Facebook and Bitcointalk.

We thank everyone for the received support so far and wish everyone a successful last month in 2019!

BTM Department – BitcoinVN

Why not consider on trying to seek out local people first ? You do need 20 person with having at least $5k to invest.
It isnt bad to seek online investors though but the hard thing here is to trust up on a business where the output is
on the other side of the globe/country.Any info's on how much you already raised?
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!


Here is an Interview with Ariel (Nguyen) of Italiani’s, the first Bitcoin ATM location in Vietnam.
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!
BTM Department BitcoinVN – Bitcoin ATM Fundraising – Update 02.12.2019



Quote
With the current batch of 12 machines reaching HCMC port within the coming days the current fundraising round will end by 31.12.2019.

We will continue to update on our progress in regard to our network expansion plans and any future upcoming opportunities on our website and via our Social Media channels on Twitter, Facebook and Bitcointalk.

We thank everyone for the received support so far and wish everyone a successful last month in 2019!

BTM Department – BitcoinVN

legendary
Activity: 2758
Merit: 3408
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Hey OP, nice to see a bit of progress from when you first posted. Glad you moved the thread here too. Which team member are you btw? Or posting on behalf of? Should get Weil or Nguyen in here too really!

Listened to the podcast, you guys should livestream the next VN meetup, seriously.

My thoughts: talking about Weil as a BTC OG and holding down the fort in VN, probably true to some extent but that kind of reference doesn't go down well with a lot of people, if you know what I mean. Southeast Asians are quiet about their participation, but active. Weil isn't holding down the Bitcoin fort with an exchange and BATM business... holding down the corporate side of things maybe!
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!


John Riggins did an interview with Dominik Weil and Bao-Phuong Nguyen to discuss the history and current state of Bitcoin in Vietnam.

You can listen to the whole story in Episode 3 of the Bitcoin in Asia podcast:
http://bitcoininasia.btc.libsynpro.com/bia3-bringing-bitcoin-to-vietnam-with-dominik-weil-and-bao-phuong-paige-nguyen
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!


In this video, Tai Zen chats with German bitcoin entrepreneur Dominik Weil about the unexpected risks & challenges of starting the 1st bitcoin exchange, running Bitcoin ATMs & organizing the Bitcoin Saigon Meetup in an exotic emerging market such as Vietnam, where crypto has very little rules:

Risk Takers #5 – Dominik Weil On Starting The 1st Bitcoin Exchange & Bitcoin Meetup In Vietnam
member
Activity: 90
Merit: 17
Largest BTM network in Vietnam
BATMs -- or any machines really -- as you say, often not built for tropical climates like Vietnam (I worked and live in global south so I get this 100%). Humidity and heat drastically lowers performance and even lifespan. It is a high-risk country for fraud (and again I come from Southeast Asia so I know the risks!) -- have you had any incidents with your machines?

The tourist use case is very real also, but I still doubt tourists themselves have picked up enough on using BTC to reliably withdraw cash overseas but let's see this trend!

Thank you for the quick response. Do add this thread to Securities as I suggested, you might find more serious investors there. Edit: as I entered I saw it was already moved =)


Thank you for your reasonable questions and suggestions. We will try our best to be as open in our responses as possible, but for competitive and other reasons we may limit our disclosure on this public forum.

We prefer to place the machines in air conditioned indoors locations. This not only reduces tear and wear but also provides enhanced security and privacy for our customers. The sun and heat can have a detrimental affect on the electronics, however this is mitigated by placing the machines under a shade in a well ventilated outdoors environment. We haven't seen any performance deterioration or signs of increased tear and wear in such locations.

Fraud is also an important consideration for us as mentioned earlier. We rely on a number of mitigating factors to minimise this risk, including placing the machines in secure indoors locations, partnering with BTM vendors offering excessively heavy machines produced using thick metal and advanced locks. We have not had any fraud incidents since 2016 with our current machines.
legendary
Activity: 2758
Merit: 3408
Join the world-leading crypto sportsbook NOW!
BATMs -- or any machines really -- as you say, often not built for tropical climates like Vietnam (I worked and live in global south so I get this 100%). Humidity and heat drastically lowers performance and even lifespan. It is a high-risk country for fraud (and again I come from Southeast Asia so I know the risks!) -- have you had any incidents with your machines?

The tourist use case is very real also, but I still doubt tourists themselves have picked up enough on using BTC to reliably withdraw cash overseas but let's see this trend!

Thank you for the quick response. Do add this thread to Securities as I suggested, you might find more serious investors there. Edit: as I entered I saw it was already moved =)
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