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Title: Crowd Funding Bitcoin (Robocoin) ATMs Post by: UnaNos on September 21, 2013, 03:02:02 AM Has anyone considered crowd funding a bunch of those new Robocoin ATMs?
https://robocoinkiosk.com/ It's not something i'd like to setup myself (i'm busy enough), but surely it's viable? If nothing else, those machines would make western union branches obsolete. Bitcoin ATM shares anyone? Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: btcinstant on September 21, 2013, 03:33:31 AM Has anyone considered crowd funding a bunch of those new Robocoin ATMs? I was just thinking the same idea maybe you can use http://www.bitcoinstarter.com.https://robocoinkiosk.com/ It's not something i'd like to setup myself (i'm busy enough), but surely it's viable? If nothing else, those machines would make western union branches obsolete. Bitcoin ATM shares anyone? Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: UnaNos on September 21, 2013, 03:49:39 AM If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag?
Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: btcinstant on September 21, 2013, 03:55:46 AM If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag? Ya not really sure. First thing I thought of was trying to crowd fund a few of these ATM's ...I have to think about this. Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: UnaNos on September 21, 2013, 04:12:18 AM They're 20k a pop, they need a location, an internet connection and I would imagine that they need some maintenance to keep them running. So, they need to see a fair bit of volume to cover the costs, but if you had a few good locations I think you could see a good return.
If you offered a reasonable profit sharing scheme for investors (or funders), I don't think it'd be too hard to get fully funded. But, there's quite a lot of work involved. Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: Mattheww on September 21, 2013, 03:18:25 PM If I wasn't totally flat out with work i'd be seriously thinking about it. I'm actually supprised that nobody's doing it already, maybe someone's thought it through and hit a snag? it's new busines , you will be firstTitle: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: AndrewWilliams on September 21, 2013, 08:07:29 PM There's actually two people (groups) who are doing this. One showcase a prototype ATM at a Bitcoin convention recently.
One is trying to raise funds in the Lending section of the forum. I forget the name... Main issues seems to be the cost, they were saying each one costs like $40,000, and the other issue is complying with the legal side of it since it would be acting as a money dispenser. Title: Re: Crowd Funding Bitcoin (Robocoin) ATMs Post by: UnaNos on September 21, 2013, 09:03:39 PM There's actually two people (groups) who are doing this. One showcase a prototype ATM at a Bitcoin convention recently. One is trying to raise funds in the Lending section of the forum. I forget the name... Main issues seems to be the cost, they were saying each one costs like $40,000, and the other issue is complying with the legal side of it since it would be acting as a money dispenser. It's good to know that there are people working on this. I'm sure there's a lot of work involved, but if they can get past bureaucracy, I don't think the cost will prove to be a major obstacle. I'd be interested to check these guys out if you have a website or forum link? |