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Author Topic: COOL NEW BITCOIN ATM MACHINES  (Read 1896 times)
giveen
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March 23, 2017, 04:20:23 PM
 #41

Wow that's something new and that is actually good for the future of bitcoin as i can bet there will barely be any people who are aware of bitcoin. I hope there is an atm in my country but I'm 100% sure there won't be any atm related to bitcoin or altcoins.


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4sidedTRIANGLES
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March 23, 2017, 07:57:17 PM
 #42

I imagine this will be good for spreading the word about bitcoin and getting new young and old users alike. I would think that having ATM's around would also make BTC more popular in the host country as well and might get more governments and companies using and excepting BTC as payment or even change in stores. even with the growing number of users, I am worried about the future of bitcoin with how some people still think it is for deep web transactions only or for suspicious transactions.

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March 24, 2017, 01:08:57 PM
 #43

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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March 26, 2017, 06:52:35 AM
 #44

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.

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March 26, 2017, 07:11:48 AM
 #45

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.

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March 26, 2017, 10:09:57 AM
 #46

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.

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March 28, 2017, 07:51:37 PM
 #47

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.

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