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Author Topic: [2016-10-21] Bitcoin ATM Industry Reacts to ‘Money Mules,’ Changing Markets  (Read 435 times)
doomloop (OP)
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October 22, 2016, 02:43:17 PM
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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/

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October 27, 2016, 06:10:13 AM
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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?

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.
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.

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