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Author Topic: Crypto ATM software development  (Read 261 times)
layover_guy
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December 02, 2017, 12:13:23 PM
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The ATMs by Lamassu and Genesis are around $7000 but it looks like the hardware part is only around $1000 for a High end ATM in china. Can some one direct me in right direction to develop Bitcoin ATM software? Hire Blockchain developers? outsource to existing company that has experience in blockchain technology?
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puertocasino
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December 02, 2017, 01:08:49 PM
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The ATMs by Lamassu and Genesis are around $7000 but it looks like the hardware part is only around $1000 for a High end ATM in china. Can some one direct me in right direction to develop Bitcoin ATM software? Hire Blockchain developers? outsource to existing company that has experience in blockchain technology?



If you have a large capital, you should develop them, because 7000 - 8000 $ each, you should calculate how long you recover them.

In addition to the tellers, you would have to provide something like a bank service, security at ATMs, administrative expenses, among others.

You should put together a business plan, in case the tellers are few, I would recommend in lamassu to buy only the cashier and not the supports, the supports send them to manufacture to have less expenses (in case you want to save).

If you are in a country that does not have these ATMs, you may recover your investment

https://PuertoCasino.com - ¡Future fundraising!
ericjarvies2
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December 04, 2017, 11:55:27 AM
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The problem with Bitcoin ATM propogation (or lack thereof) has little to do with the technology, and almost everything to do with BSAs/AMLs/KYCs, which is why there are not more active/profitable ATM manufacturing companies to speak of.  Also, operating Bitcoin ATMs require significant amounts of capital (for cash-out), and so operating them in a mom 'n pop fashion is both difficult and expensive.  The ATM operator must have reserves on hand with their exchange, and must have reserves on-hand in the machine and in the bank.

Over the past years I've seen both ATM and exchange endeavors (startups), and what gets them is the fact that they are unable to support their own trading/exchanging of Bitcoin.  When you look at website services that start-up and offer fiat-in, their exchange/trading GUI moves at a snail's pace... because there are not enough users, and when there are dozens or perhaps hundreds of simultaneous users, the new exchange cannot support the float (of capital) in real time, much less in minutes or hours.  Bitcoin ATMs are the same as online/website exchanges that do not otherwise have large user bases (e.g.- coinbase).

Of course, I'd love to see Bitcoin ATMs everywhere, but for this to work -long term, the players must themselves be large and be able to cover substantial markets, or, a cooperative entity is created, wherein MSBs from around the world participate, and fuel/fund their own exchange.
retinger
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February 12, 2018, 09:52:09 AM
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Do they plan to add the other coins like RLT?
This is a very successful coin from the SmartPlay.Tech team, they are the first to test the blockchain slot machine in the land-based casino.
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