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Title: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: Athom on December 31, 2013, 08:35:57 AM Sometimes the future can sneak up on you. Like when you find out that a startup incorporated in the British Virgin Islands, whose employees live in New Hampshire and whose products are made in Portugal, is selling digital-currency ATMs to Saudi Arabia and Singapore.
These are only two of the countries that have purchased Bitcoin ATMs from manufacturer Lamassu, which announced Monday that it had sold 120 of the machines to customers all over the world. A map Lamassu created to mark the occasion, showing the far-flung sales locations of its Bitcoin ATMs, not coincidentally illustrates the global appeal of Bitcoin. Zach Harvey, Lamassu's chief executive, said as much in a press release. "We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we've translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian," Harvey said. Lamassu has delivered about a dozen ATMs so far, with plans to ship the others in spring 2014 Read more: http://www.entrepreneur.com/article/230589#ixzz2p2WUc3fU Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: MrPalmer on December 31, 2013, 08:58:00 AM I was surprised to learn how many BTC ATM's and exchanges have grown in the Pacific NorthWest/Vancouver. Very cool that is global! They are certainly spreading fast, and hopefully this gets more people using the currency for shopping and commerce!
Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: bryant.coleman on December 31, 2013, 10:05:00 AM They should also take extreme precautions to stop the exchange of counterfeit notes for Bitcoins. At least make sure that all the machines are accounted for, and the logs are perfectly maintained.
Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: freedomno1 on December 31, 2013, 10:20:27 AM One of those atms is a pet project of mine so I feel a bit proud of this article and to greater bitcoin adoption
It is only a one way machine but who wants to pay 4X for a 2 way machine when other ATM's cost about the same price That said an experiment is needed first to confirm if Bitcoin is what people want primarily or the cash option so 1/120 Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: Hfleer on December 31, 2013, 03:48:49 PM Read more: http://www.entrepreneur.com/article/230589#ixzz2p2WUc3fU Thanks for this. Great new can't wait to see one of these near me. Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: LiteCoinGuy on December 31, 2013, 04:20:32 PM Robocoin's chief executive, for his part, took a shot at buy-only machines such as Lamassu's when his company's ATM debuted this past August. "Seriously, how bush league is an 'ATM' if it can't do the equivalent of deposits and withdrawals?" Robocoin CEO Jordan Kelley said.
Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: aigeezer on December 31, 2013, 10:08:22 PM Zach Harvey, Lamassu's chief executive, said as much in a press release. "We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we've translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian," Harvey said. Public service announcement: English Friulian Hello; my name is Jack! Mandi; jo mi clami Jacum! Today the weather is really hot! Vuê al è propite cjalt! I really have to go now; see you. O scugni propite lâ cumò; ariviodisi. I can’t go out with you tonight; I have to study. No pues vignî fûr cun te usgnot; o ai di studiâ. http://en.wikipedia.org/wiki/Friulian_language Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: solex on January 01, 2014, 01:47:55 AM Anyone know what the story is with Robocoin's rollout? Nothing concrete since the Vancouver one went in,
Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: dave111223 on January 01, 2014, 02:25:51 AM Anyone know what the story is with Robocoin's rollout? Nothing concrete since the Vancouver one went in, Probably because their terms/price sucks. Someone on here was trying to get a group buy together for one; the contract was terrible for the buyer, basically the buyer pays for the ATM upfront, but continues to pay the vendor 50% of fees forever....so buyers put up all the capital, take all the risk, run, house and maintain the machine and only collect probably less than .5% per trade when all said and done. Title: Re: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World Post by: freedomno1 on January 01, 2014, 04:30:24 AM Anyone know what the story is with Robocoin's rollout? Nothing concrete since the Vancouver one went in, Probably because their terms/price sucks. Someone on here was trying to get a group buy together for one; the contract was terrible for the buyer, basically the buyer pays for the ATM upfront, but continues to pay the vendor 50% of fees forever....so buyers put up all the capital, take all the risk, run, house and maintain the machine and only collect probably less than .5% per trade when all said and done. Pretty much why I went with the Lama for an experiment as the risk is the same If it passes maybe then look at the robocoin as a risk equity calculation lamas just make the best business sense when penetrating a marketplace. https://bitcointalk.org/index.php?topic=330662.0 https://bitcointalk.org/index.php?topic=343821.0 Contract for Robocoin is on the two links Robocoin ATMs Now officially cost 20,000 a unit was 18,500 in 2013 as a special offer |