Building Bitcoin ATMs

[akuser]

It requires a lot of capital to build a wide network, a kind of satellite is needed to use an ATM.
and what about the price fluctuations of BTC and Altcoin.?
I do not understand the concept of this ATM.

[mozillaspez]

My friends and I are considering building bitcoin ATMs. We're still doing the necessary research and planning and we've been looking at existing ATMs like Lamassu. Based on what they've been reporting online (and other sources), it seems to be a pretty profitable business.

We understand that there are lots of regulations involved depending on the country of residence, but we are considering just building and selling the machines, not operating them. Off the bat, are there any other important considerations we should know? Red flags? Any feedback will be appreciated.

ATMs which help to cash bitcoin now are very popular. I don't know as it becomes at the legislative level. However, in Ukraine and Russia there are already such ATMs

[ritsel02]

That is a good idea.As bitcoin popularity increases atm machines are also helpful to have easier process and more accessible means in terms of transactions.Hopefully those machines can operate in our country too ,especially on the different provinces of the Philippines.
Having a bitcoin atm machine is more convenient way to cash out aside from those remittance centers and banks who accepted bitcoin transactions because of its availability 24/7. So I am really looking forward for the success of  your proposed project.Hopefully it will be a success.Good luck to you!

[tibne]

You can consider a peer to peer ATM like ABRA offers. Even merchant chain store like 7-11 could potentially be your ATM partner.

[khaled0111]

It is not going to be that simple. you should consult a lawyer before doing anything and know more about regulations even if you plan buying your machines only since your customers have to trust you.
Everything should be regulated since you are going to sell sophisticated machines to customers from different countries with different regulations.