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Title: Memphis Residents Now Have Their First Bitcoin ATM Post by: Posternut on November 15, 2016, 08:02:37 PM The city of Memphis will now have a Bitcoin ATM as the firm Coinsource installs three new machines in the state of Tennessee. The company is the largest Bitcoin ATM provider in the U.S. and has averaged over one installation per week in 2016.
https://news.bitcoin.com/memphis-first-bitcoin-atm/ Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: panju1 on November 15, 2016, 11:13:11 PM The city of Memphis will now have a Bitcoin ATM as the firm Coinsource installs three new machines in the state of Tennessee. The company is the largest Bitcoin ATM provider in the U.S. and has averaged over one installation per week in 2016. https://news.bitcoin.com/memphis-first-bitcoin-atm/ One transaction per week is abysmally low, for any ATM. How can you cover the cost of the machine, rental costs, running costs, etc at this rate? Adoption needs to really spike before ATMs are viable. Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: JeffBrad12 on November 15, 2016, 11:28:47 PM The city of Memphis will now have a Bitcoin ATM as the firm Coinsource installs three new machines in the state of Tennessee. The company is the largest Bitcoin ATM provider in the U.S. and has averaged over one installation per week in 2016. https://news.bitcoin.com/memphis-first-bitcoin-atm/ One transaction per week is abysmally low, for any ATM. How can you cover the cost of the machine, rental costs, running costs, etc at this rate? Adoption needs to really spike before ATMs are viable. Although it hasn't been got compare with fiat atm, we can think if will like 1 : 10.000 fiat atm user for a week. Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: Yakamoto on November 15, 2016, 11:52:15 PM That's kind of an interesting market for a Bitcoin ATM, but hey, if it works then I don't think anyone is going to have any sort of issue with it.
Three of them already though, that's kind of a surprise. But they do look aesthetically pleasing, so maybe they'll catch some eyes and get some people involved who otherwise wouldn't be. Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: Harlot on November 15, 2016, 11:58:38 PM When you think of it this way it is just like a money changer except it is automated, this is clever for the said owner as they are only paying electricity with no labor cost. He will earn more in which he would apply higher dollar prices to its equivalent Bitcoin Value. Also another downside for this is no one will able to assist you on a new kind of machine and mostly people who will buy Bitcoin, are new to the BTC World.
Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: MingLee on November 16, 2016, 12:29:19 AM I'm not a Memphis resident, so I don't know how active Bitcoin is in that place, but it seems like a weird location. I haven't been paying attention to a ton of the Bitcoin ATM businesses and how they're securing their own market shares, but Memphis seems like a place that would be low down on the "priority markets" list.
Do they already have ATMs throughout a majority of the rest of the nation? Title: Re: Memphis Residents Now Have Their First Bitcoin ATM Post by: RealEstCoin on November 16, 2016, 03:51:25 AM The city of Memphis will now have a Bitcoin ATM as the firm Coinsource installs three new machines in the state of Tennessee. The company is the largest Bitcoin ATM provider in the U.S. and has averaged over one installation per week in 2016. https://news.bitcoin.com/memphis-first-bitcoin-atm/ One transaction per week is abysmally low, for any ATM. How can you cover the cost of the machine, rental costs, running costs, etc at this rate? Adoption needs to really spike before ATMs are viable. |