Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Troya on March 20, 2014, 02:48:05 PM



Title: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: Troya on March 20, 2014, 02:48:05 PM

Have you seen twitter from PaymaQ?

www.twitter.com/paymaq

they are going to sell a bitcoin atm for 1000 euro!

Everyone knows some thing about it?


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: virtualmaster on March 20, 2014, 03:16:05 PM
http://bitcoinmagazine.com/10559/bitcoin-trendy-spain-100-atm-installations/ (http://bitcoinmagazine.com/10559/bitcoin-trendy-spain-100-atm-installations/)


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: S4VV4S on March 20, 2014, 03:22:52 PM
Quote
As we can see in other countries such as Canada, to buy or sell bitcoin in this machine it is necessary to identify in the system with your national ID card
(an easy process that you can do with an integrated webcam).

As we can see the governments are already trying to find ways to control BTC.

Pretty soon all banks will be working with BTC and giving out loans based on your BTC deposits - Fractional Reserve.



Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: Troya on March 20, 2014, 04:48:41 PM
Paymaq is going to sell a Bitcoin ATM for only 1000 euro!!!!!


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: Troya on March 25, 2014, 09:15:31 AM
PaymaQ have started to sell Bitcoin ATM 799 Euro. I'm going to buy one:

https://www.indiegogo.com/projects/paybitcoin-the-first-low-cost-bitcoin-atm


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: seriouscoin on March 25, 2014, 11:03:19 AM
too bad.... it will not be widely used due to lack of regulations.

It needs biometric OR ID scanner to cover the operators at in MANY places. I wonder why they didnt have it in the design.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: Troya on March 25, 2014, 12:16:00 PM
Today there is no regulation. And for only 799 euro you will have a ROI so high in a few weeks!


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: LiteCoinGuy on March 25, 2014, 11:31:49 PM
its a good price. nice work.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: waldox on March 26, 2014, 12:30:38 AM
im excited to see lower and lower prices on bitcoin ATM

this will certainly aide global bitcoin adoption

the beats the $20,000 USD robocoin bitcoin ATMs that were introduced (in vancouver) not too long ago

in the video http://www.indiegogo.com/projects/paybitcoin-the-first-low-cost-bitcoin-atm

scumbag al jazeera (connected with CIA/bankers) prejudiced the video news report by saying that bitcoin will be worth nothing by the time all 100 spain bitcoin atms are rolled out.

subliminal garbage, looks like they want it to goto zero the more they repeat themselves and make you believe it


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: durrrr on March 27, 2014, 01:12:14 AM
do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: seriouscoin on March 27, 2014, 01:19:03 AM
do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?

It only sells btc.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: master-P on March 27, 2014, 02:49:35 AM
I think these machines will become popular in places where there is little regulation.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: durrrr on March 27, 2014, 03:33:25 AM
do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?

It only sells btc.


is there any bitcoin atm that you can sell your own bitcoin for cash? and then lets say buy it back later that day with the machine. that is what is needed in all liqour stores


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: sergio on April 07, 2014, 05:17:32 AM
Now that bitcoin was claimed to be property by the IRS, it would seem logical that an MSB permit would not be needed.

Do MSB laws in the USA apply to property???

Do they accept bitcoin for payments for theses 799 euro atms?
They seem to be really cool.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: bryant.coleman on April 07, 2014, 06:38:21 AM
Most of the Bitcoin ATMs don't have the ability to convert BTC to fiat. That is one of the major drawbacks.


Title: Re: World's First Low Cost Bitcoin ATM under 1000 Euro
Post by: zolace on April 07, 2014, 04:03:21 PM
Gosh now it wont be effective if they have to show ID and now the ATMS gotta pay taxes on those machines.