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Title: Bitcoin ATM builder takes aim at traditional financial services Post by: cryptocurrencylive on July 09, 2014, 02:57:16 PM Bitcoin ATM builder takes aim at traditional financial services
http://www.latimes.com/business/la-fi-robocoin-20140708-story.html Title: Re: Bitcoin ATM builder takes aim at traditional financial services Post by: Ron~Popeil on July 09, 2014, 03:24:28 PM Getting those in the third world locations would make conversion easy for locals and turn the remittance market on its ear. The next logical step would be to recruit merchants in those companies so locals can keep their money in bit coin and divest from fiat altogether.
Title: Re: Bitcoin ATM builder takes aim at traditional financial services Post by: LiteCoinGuy on July 09, 2014, 03:45:15 PM thanks for that. you should post that in the press-section :)
Title: Re: Bitcoin ATM builder takes aim at traditional financial services Post by: CokeCoin on July 14, 2014, 09:14:42 AM "The process of wire transfers, international wire transfers — we're going to smash them, we're going to crush them. We're going to totally disrupt that environment, and that's what I'm most excited about."
That's the spirit! Title: Re: Bitcoin ATM builder takes aim at traditional financial services Post by: RepublicSpace on July 14, 2014, 09:49:19 AM "The process of wire transfers, international wire transfers — we're going to smash them, we're going to crush them. We're going to totally disrupt that environment, and that's what I'm most excited about." That's the spirit! I like the enthusiasm, but it reminds me of this: https://www.youtube.com/watch?v=d4etXBEq-ug Title: Re: Bitcoin ATM builder takes aim at traditional financial services Post by: YesBoss69 on July 14, 2014, 09:56:45 AM Getting those in the third world locations would make conversion easy for locals and turn the remittance market on its ear. The next logical step would be to recruit merchants in those companies so locals can keep their money in bit coin and divest from fiat altogether. Only thing with these things is that currently, the fees to use them can reach eyewatering levels. I remember reading about the UK machines for example which levied a charge of around 7.5% per withdrawal, which somewhat negates the advantages with remittances (although by no means completely, let's be clear).. I hope that as more and more appear, the fees will become more reasonable. Are there cheaper atms out there actually? |