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Author Topic: The Bitcoin ATM Is Coming at a Location Near You???  (Read 1528 times)
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July 04, 2011, 09:50:20 PM

If the cards fall into place bitcoin ATMs may be on the way.

There are many annoyances with bitcoin including the following:

1.) Bitcoins are very difficult to obtain on the Internet.
2.) It is near impossible for an average user to generate bitcoins with his or her computer.
3.) Technical skill is required to obtain bitcoins via an online exchange.
4.) If money is sent from a bank account to an online exchange then the transaction is no longer anonymous and that money can be traced.
5.) Sending cash in the mail for bitcoins could take days, weeks, or not at all and is unreliable.

What is the solution to these many problems? Multiple teams within the United States are attempting to build and distribute ATMs in mass quantities. ATMs will allow bitcoins to be distributed anonymously with cash without the need for an exchange. With bitcoin ATMs it will only be a drive away before an average person can buy bitcoins! The value of bitcoin will skyrocket once a non-technical user can buy bitcoins as easy as buying local goods.

There are many ways to distribute bitcoins with an ATM and each development team is handling them uniquely. I could explain in further detail in how these bitcoin ATMs would work, but to protect the business interests of my sources I am going to remain quite for now. Who will win the race to provide the best bitcoin ATM with the most locations?

Here is an early attempt of one team hacking open an eBay bought ATM:
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July 04, 2011, 09:56:07 PM

I love this idea, cant wait to use one

Stan?! STAN?!?!
Jaime Frontero
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July 04, 2011, 09:58:48 PM

this would be a true game-changer.

it appears a bit early yet - but i certainly look forward to updates.

the thing that comes immediately to mind is this:  what is the exchange infrastructure behind this idea?  because really - without an exchange, there's just a well-tested ATM box.  the box isn't a challenge at all, and is actually kind of irrelevant, no?
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March 29, 2014, 04:23:15 PM

We are glad to announce first permanent Bitcoin ATM of Switzerland!
It is an Lamassu ATM and it is locatet in downtown Zurich, in Cafe Schoffel, Schoffelgasse 7, 8001 Zurich.

Cafe Schoffel also is accepting Bitcoins (As one of the first Restaurants in Switzerland).

Please drop in, when you are in Zurich.

Virtual currency is the "Next big thing" after the Internet...
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March 29, 2014, 07:17:06 PM

Wow, what a great project! Cheesy
Hopefully we'll see some ATM's in the Chicago/Milwaukee area.
See, if we can make them dirt cheap, then we'll see them all over town Grin

this is a good signature
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