Yeees it's happening - page 3. | Bitcointalksearch.org

cabron

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Quote from: Sadlife on October 05, 2020, 06:43:06 PM

Is this canada? I've heard they're mass producting ATM machine's for Bitcoin, and even accepting donations through Cryptocurrency.
Little by little western countries are legalizing bitcoin recognizing it as safe asset to invest in. During a financial crisis, bitcoin is one of the safest asset to hold, incase a repetition of the great depression happens.

The adoption is where things are going with cryptocurrency. It may be slow or but with ATMs its like advertisement and allowing a newbie to come into cryptocurrency, But most importantly for those who don't like KYC, this is way to go than using the credit cards or paypal.

Unfortunately though newbies oftem times doesn't care about KYC so they'd be going to exchanges which still doesn't make difference, its still part of the adoption.

yazher

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Yeah! this is the kind of scenario we are hoping in the last 10 years. where every store out there accepts and has some services that have something to do with bitcoin. This is what you called signs of progress where you will not expect to be completed in one year, rather it would be complete after everything about bitcoin has been clarified to the people. especially the bad images created by most of the media. right now, people starting to know the truth behind it and starting to grab this opportunity so that they can earn some living by offering services related to bitcoin.

TIDOVEE

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Wow, this is interesting, but I guess it's like the Pinkoin thing, this ATM will aid quick exchange and will make Bitcoin easier to deal with. I have never come across this machine in my country.and I understand we have 10,000 ATM round the world.even if we are not going to cash out with it we should be able to buy goods especially with those almost useless token hidden in my wallet with very low value.

Sadlife

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Is this canada? I've heard they're mass producting ATM machine's for Bitcoin, and even accepting donations through Cryptocurrency.
Little by little western countries are legalizing bitcoin recognizing it as safe asset to invest in. During a financial crisis, bitcoin is one of the safest asset to hold, incase a repetition of the great depression happens.

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Quote from: Kelvinid on October 05, 2020, 06:24:59 PM

Something will be going to happen. Adoption has to come closer to every country and many establishments and open up for this. Online businesses keep growing, they need such an alternative for cashless transactions which is very applicable this time. I am also thinking if this Bitcoin ATM machine have already the license to operate, I'm afraid if that runs illegally and soon be confiscated by the authorities (anyway, this is just saying, I know owners had already known this).

Bitcoin ATM usually place or operated by banks which are liscensed and allowed by the government. It is indeed adoption will soon to happen as demand of cashless transactions as well some problems in bank mobile banking occurs often ly, or maybe just in my country that it's hard to rely on it for every transactions, and having an alternatives in payment or doing transactions can help crypto a lot, we will just need to explain it to people we're going to Transact with if they're new into it.

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Quote from: CarnagexD on October 05, 2020, 09:14:16 AM

Do you think that the adoption is really happening? I've seen this picture, a convenience store literally selling bitcoin through an ATM, I know it isn't new at all but this proves the actuality of innovation, something that we are dreaming of since we knew bitcoin. Hail the King! I still haven't tried it yet, I'm still wondering how complex it is.

It do really boost up the feels specially if you are a bitcoin supporter and you have seen this atm residing near you or into the city where you do live in. Adoption is on the move and its great to see that these machines are growing gradually.

There's an article said that we do already had 10,000 bitcoin atm's worldwide.
https://cointelegraph.com/news/bitcoin-atms-surge-by-87-in-past-year-to-surpass-10-000-globally

Seeing on the increase on year to year basis then its really increasing that fast.

harizen

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Quote from: CarnagexD on October 05, 2020, 09:14:16 AM

Do you think that the adoption is really happening? I've seen this picture, a convenience store literally selling bitcoin through an ATM, I know it isn't new at all but this proves the actuality of innovation, something that we are dreaming of since we knew bitcoin. Hail the King! I still haven't tried it yet, I'm still wondering how complex it is.

Obviously, yes. Adoption is by far having good progress.

There are several Bitcoin ATM already installed at any part of the globe and if you see some of it on a place wherein crypto isn't that popular, that was a great step towards adoption. Installing any bitcoin-related stuff on that part will surely spread awareness to those people that will pass by.

As for how to use it, there should be instructions on that machine. Just take note of the fees.

Kelvinid

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Something will be going to happen. Adoption has to come closer to every country and many establishments and open up for this. Online businesses keep growing, they need such an alternative for cashless transactions which is very applicable this time. I am also thinking if this Bitcoin ATM machine have already the license to operate, I'm afraid if that runs illegally and soon be confiscated by the authorities (anyway, this is just saying, I know owners had already known this).

Yatsan

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It is a great news then. More likely this will be a good start to boost up adaption of Bitcoin usage having such ATMs to purchase Bitcoin. But it will be the best thing if convenient stores and other merchants will be able to accept Bitcoin as direct payment method without the need of converting it into the local currency where it is located. Massive adaption must follow after the existence of such kind of ATMs because if people are still not being able to use Bitcoin to direct purchase goods and services, it makes no sense having it when people cannot use it for there is still a need to convert it. Adaption must be direct into the point that Bitcoin is the currency being used not just purchased then converted to local currency to be used for payments.

Shasha80

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I am always happy with the news that many Bitcoin ATMs are in public places such as convenience stores, this includes how to effectively
promote Bitcoin in society. Although I believe we are all as a crypto community, rarely buy Bitcoin at an ATM machine. Because transaction
fees are quite large. I'm actually quite jealous to see some of the members here who have experienced buying Bitcoin with an ATM machine.
There must be a certain satisfaction and pride in being able to use a Bitcoin ATM machine. Unfortunately in my country there is not a single
Bitcoin ATM machine. I really hope that one day I will see a Bitcoin ATM machine in my country.

sheenshane

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Great news! Can I ask? Where this place located at? It looks familiar to me.

Just like everything has been rowth and change has a process and process takes time. So we just had to be patient towards a great innovation of Bitcoin has. There's a lot of businesses now who are promoting using cryptocurrency. So, adaptation will soon explode especially in the situation that we have right now. There's also news where the Australian Prime Minister is now investing a lot of their country's funds to cryptocurrencies to avoid inflation(on the other thread). So there you go, adaptation is already there.

Look at the Coin ATM radar, Bitcoin ATM business has been grown weekly. Last week it was announced they had reach a total of 10K ATM machines but now it's 10,646 right at this moment.

Expecto

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Despite being slow, the Bitcoin adoption is happening, yes. The number of Bitcoin ATMs is increasing and it will continue like this. But I think the most important thing for an adoption is accepting Bitcoin by regulating it. When most of the countries regulate Bitcoin (I hope not in a too strict way), the adoption will be completed and Bitcoin will be stronger than ever.

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Quote from: cabron on October 05, 2020, 12:20:19 PM

Price is definitely higher than buying on a regular exchange. But if it does not require KYC, I think its fair. Almost 20% for not sending KYC documents, it's worth doing. If I have the chance I will try to buy at least $100 BTC on a paper wallet for a gift to someone. The right time for Christians to actually give bitcoin to a dear one.

It would help adoption if every country by now should be promoting cashless transaction and also allow BTC.

For a $100 and below transaction I believe the fee is bearable but for greater amount transaction, I don't think so that newbie will be willing to buy crypto if they saw that the ATM machine BTC rate is 20% greater than the normal rate because I'm sure that they will google first Bitcoin before they buy it. The problem on this kind BTC ATM was they are charging too much fee to user that's why it result on over price rate.

This will never help mass adoption if this not a newbie friendly. We already saw this kind of news during 2015 to 2017 when BTC starts to hype but it didn't go well on some country because ATM machine rate is way higher than actual right.

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Quote from: mk4 on October 05, 2020, 10:11:13 AM

Slow and steady adoption is fine too.

Of course, that's what I think when I see news like this. They are not a boom for bitcoin but they are another step on the road to mass adoption. There is quite a lot of news like this that you see from time to time on the forum but I dream of seeing the day when this is not even news.

By the way, I haven't seen one such machine near where I live, I also dream of seeing one.

cabron

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Price is definitely higher than buying on a regular exchange. But if it does not require KYC, I think its fair. Almost 20% for not sending KYC documents, it's worth doing. If I have the chance I will try to buy at least $100 BTC on a paper wallet for a gift to someone. The right time for Christians to actually give bitcoin to a dear one.

It would help adoption if every country by now should be promoting cashless transaction and also allow BTC.

gabbie2010

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Quote from: Nhor1011 on October 05, 2020, 11:58:16 AM

Wow

Bitcoin is really great and slowly moving. Hope one day I can also use and make transaction in bitcoin ATM machine but I have doubt that it has a very high transaction fee. This the start of awareness in bitcoin and the we can see adoption will increase everyday.

'Slow and steady win a race' gradually Bitcoin acceptability is gaining ground with all these latest innovations I am not surprise this news article https://news.bitcoin.com/bitcoin-atms-10100-outlook/
says it all as at Sept 2020 more than 100100 is quite encouraging number, in the next few years to come adoption of Bitcoin into more businesses, stores e.t.c will have increased in multiples.

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Quote from: DeathAngel on October 05, 2020, 10:52:49 AM

Using a bitcoin ATM is pretty simple but you need to wait a while for confirmations. It’s great if you can find a non-KYC one so you can sell & avoid taxes but i prefer to sell on exchanges.

KYC and non-KYC atm is what I want to know more about, why there are atms that isn't conducting any KYC and why there are atms that has KYC procedure. Have not used a single btc atm yet, I think it is more difficult than a normal one. What about the traffic from blockchain? how about the receipt of transaction. I really want to try it so badly.

Quote from: DeathAngel on October 05, 2020, 10:52:49 AM

Mainstream adoption is coming but it will take a while.

It's already happening, maybe 2 to 3 years from now this will not be new to us, we'll see a line of people buying and selling bitcoins to atms.

Raflesia

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Adoption will definitely occur but it will not be around the world but only a few, if it is in your area then it is worth trying and testing how and how complicated it is to use it then I am happy if it is in my area, yes this will be difficult in this country. me.

There is an added value if a bitcoin ATM is already in the store, it will attract a lot of attention with proper use and transactions without making an identity that is published through KYC.

Nhor1011

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Wow

Bitcoin is really great and slowly moving. Hope one day I can also use and make transaction in bitcoin ATM machine but I have doubt that it has a very high transaction fee. This the start of awareness in bitcoin and the we can see adoption will increase everyday.

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Well, it is coming. We can only expect a lot more of these machines to come. Just think about it, in hard times people will keep on searching on better ways to earn. And let's face it, even when most wants Bitcoin to he a currency, most of the people out there, wants it to be a storage of value or something to gain profits. But seriously though, seeing increasing numbers of machine nes like that just means more and more people are being enthusiastic about bitcoins nowadays.

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