Bitcoin Forum
June 16, 2019, 07:56:10 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-12-31 entrepreneur.com - Bitcoin ATMs Are Spreading Across the World  (Read 1182 times)
Athom
Newbie
*
Offline Offline

Activity: 48
Merit: 0


View Profile
December 31, 2013, 08:35:57 AM
 #1

Sometimes the future can sneak up on you. Like when you find out that a startup incorporated in the British Virgin Islands, whose employees live in New Hampshire and whose products are made in Portugal, is selling digital-currency ATMs to Saudi Arabia and Singapore.

These are only two of the countries that have purchased Bitcoin ATMs from manufacturer Lamassu, which announced Monday that it had sold 120 of the machines to customers all over the world. A map Lamassu created to mark the occasion, showing the far-flung sales locations of its Bitcoin ATMs, not coincidentally illustrates the global appeal of Bitcoin.

Zach Harvey, Lamassu's chief executive, said as much in a press release. "We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we've translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian," Harvey said.

Lamassu has delivered about a dozen ATMs so far, with plans to ship the others in spring 2014



Read more: http://www.entrepreneur.com/article/230589#ixzz2p2WUc3fU
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560714970
Hero Member
*
Offline Offline

Posts: 1560714970

View Profile Personal Message (Offline)

Ignore
1560714970
Reply with quote  #2

1560714970
Report to moderator
MrPalmer
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
December 31, 2013, 08:58:00 AM
 #2

I was surprised to learn how many BTC ATM's and exchanges have grown in the Pacific NorthWest/Vancouver.  Very cool that is global!  They are certainly spreading fast, and hopefully this gets more people using the currency for shopping and commerce!

bryant.coleman
Legendary
*
Offline Offline

Activity: 2114
Merit: 1017


View Profile
December 31, 2013, 10:05:00 AM
 #3

They should also take extreme precautions to stop the exchange of counterfeit notes for Bitcoins. At least make sure that all the machines are accounted for, and the logs are perfectly maintained.
freedomno1
Legendary
*
Offline Offline

Activity: 1610
Merit: 1036


Learning the troll avoidance button :)


View Profile WWW
December 31, 2013, 10:20:27 AM
Last edit: December 31, 2013, 10:52:39 AM by freedomno1
 #4

One of those atms is a pet project of mine so I feel a bit proud of this article and to greater bitcoin adoption
It is only a one way machine but who wants to pay 4X for a 2 way machine when other ATM's cost about the same price
That said an experiment is needed first to confirm if Bitcoin is what people want primarily or the cash option so 1/120
Hfleer
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


Changing avatars is currently not possible.


View Profile
December 31, 2013, 03:48:49 PM
 #5


Thanks for this.  Great new can't wait to see one of these near me.

█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
▓▓▓▓▓
█████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


In Satoshi I Trust


View Profile WWW
December 31, 2013, 04:20:32 PM
 #6

Robocoin's chief executive, for his part, took a shot at buy-only machines such as Lamassu's when his company's ATM debuted this past August. "Seriously, how bush league is an 'ATM' if it can't do the equivalent of deposits and withdrawals?" Robocoin CEO Jordan Kelley said.

aigeezer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
December 31, 2013, 10:08:22 PM
 #7

Zach Harvey, Lamassu's chief executive, said as much in a press release. "We will be shipping to 25 different countries, ranging from Canada to Kyrgyzstan, and we've translated our user interface into more than a dozen languages, including Russian, Chinese and Friulian," Harvey said.


Public service announcement:

English                                                               Friulian
Hello; my name is Jack!                                         Mandi; jo mi clami Jacum!
Today the weather is really hot!                             Vuê al è propite cjalt!
I really have to go now; see you.                           O scugni propite lâ cumò; ariviodisi.
I can’t go out with you tonight; I have to study.       No pues vignî fûr cun te usgnot; o ai di studiâ.

http://en.wikipedia.org/wiki/Friulian_language
solex
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


100 satoshis -> ISO code


View Profile
January 01, 2014, 01:47:55 AM
 #8

Anyone know what the story is with Robocoin's rollout?  Nothing concrete since the Vancouver one went in,

dave111223
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


View Profile WWW
January 01, 2014, 02:25:51 AM
 #9

Anyone know what the story is with Robocoin's rollout?  Nothing concrete since the Vancouver one went in,


Probably because their terms/price sucks.

Someone on here was trying to get a group buy together for one; the contract was terrible for the buyer, basically the buyer pays for the ATM upfront, but continues to pay the vendor 50% of fees forever....so buyers put up all the capital, take all the risk, run, house and maintain the machine and only collect probably less than .5% per trade when all said and done.
freedomno1
Legendary
*
Offline Offline

Activity: 1610
Merit: 1036


Learning the troll avoidance button :)


View Profile WWW
January 01, 2014, 04:30:24 AM
Last edit: January 01, 2014, 05:19:11 AM by freedomno1
 #10

Anyone know what the story is with Robocoin's rollout?  Nothing concrete since the Vancouver one went in,


Probably because their terms/price sucks.

Someone on here was trying to get a group buy together for one; the contract was terrible for the buyer, basically the buyer pays for the ATM upfront, but continues to pay the vendor 50% of fees forever....so buyers put up all the capital, take all the risk, run, house and maintain the machine and only collect probably less than .5% per trade when all said and done.

Pretty much why I went with the Lama for an experiment as the risk is the same
If it passes maybe then look at the robocoin as a risk equity calculation lamas just make the best business sense when penetrating a marketplace.

https://bitcointalk.org/index.php?topic=330662.0
https://bitcointalk.org/index.php?topic=343821.0

Contract for Robocoin is on the two links

Robocoin ATMs Now officially cost 20,000 a unit was 18,500 in 2013 as a special offer
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!