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Title: [2016-10-21] Bitcoin ATM Industry Reacts to ‘Money Mules,’ Changing Markets Post by: doomloop on October 22, 2016, 02:43:17 PM Bitcoin ATM Industry Reacts to ‘Money Mules,’ Changing Markets
Recently, EasyBit announced the installation of 6 Bitcoin ATMs in 4 states across the US. The company expressed confidence in the future success of these machines, even dismissing news that “money mules” had used Bitcoin ATMs to launder money as a service to other criminals. http://bitcoinist.net/bitcoin-atm-money-mule-markets/ Title: Re: [2016-10-21] Bitcoin ATM Industry Reacts to ‘Money Mules,’ Changing Markets Post by: RealEstCoin on October 27, 2016, 06:10:13 AM Quote We haven’t heard much about bitcoin ATMs lately, what is your argument for their continued relevance or usefulness, especially when people can use services like LocalBitcoins? Bitcoin is such a new technology that early adopters may feel more comfortable doing their first transactions through an ATM, as opposed to online or person to person. The ATM is already a familiar exchange process.LocalBitcoins is an excellent service but it is more susceptible to scams than using an ATM. Also some customers feels more comfortable using the machines for cash transactions. |