COOL NEW BITCOIN ATM MACHINES

[mastermold]

Bitcoin ATMs are a tremendous way for newcomers to be exposed to Bitcoin, and easily experiment with it without the pre-requisite of setting up an online trading account.

The implications in places likes Cyprus and Argentina are different than in, for example, North America, which has a fairly robust banking system. In countries with massive inflation, or a banking crisis that results in frozen accounts, Bitcoin offers an appealing prospect in the sense that "you are your own bank."

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[SmokerFace]

I wish government will put Bitcoin machine to easily cashing out and withdrawing money and will have a bitcoin debit card or any store will accepts bitcoin as payment but government not supporting it here in the philippines because of corruption and i can't see bitcoins on news.

[Roboabhishek]

I wish government will put Bitcoin machine to easily cashing out and withdrawing money and will have a bitcoin debit card or any store will accepts bitcoin as payment but government not supporting it here in the philippines because of corruption and i can't see bitcoins on news.

It's true same here in India however government has approved bitcoins even after corruption don't know why ?
But still ATM machines are yet not available.

[Pettuh4]

I wish government will put Bitcoin machine to easily cashing out and withdrawing money and will have a bitcoin debit card or any store will accepts bitcoin as payment but government not supporting it here in the philippines because of corruption and i can't see bitcoins on news.

Well sorry to disappoint you but the Bitcoin ATM machines (or BTM's) are only used to buy Bitcoins into your wallet by imputing fiat currency. It doesn't cash out fiat currencies. I don't know if that will be developed at a later stage of Bitcoin development but for now it's just to buy Bitcoin into your wallet.

[skorupi17]

I wish government will put Bitcoin machine to easily cashing out and withdrawing money and will have a bitcoin debit card or any store will accepts bitcoin as payment but government not supporting it here in the philippines because of corruption and i can't see bitcoins on news.

Well sorry to disappoint you but the Bitcoin ATM machines (or BTM's) are only used to buy Bitcoins into your wallet by imputing fiat currency. It doesn't cash out fiat currencies. I don't know if that will be developed at a later stage of Bitcoin development but for now it's just to buy Bitcoin into your wallet.

Well that is a big disappointment. Knowing that you can withdraw fiat from a typical ATM. I hope that they will improve the BTM that can provide deposit and withdraw services to their costumers.