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Author Topic: Bitcoin ATM  (Read 3471 times)
DannyElfman
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July 03, 2014, 04:02:05 AM
 #41

Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.

Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.

I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.
I think part of this would be the additional AML regulations that are in the US that are not in Canada.

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July 03, 2014, 10:27:34 AM
 #42

Coindesk has an ATM map to find out where in your city you can find a bitcoin ATM (if it exists!).
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July 04, 2014, 07:30:17 AM
 #43

 I agree with you, Bitcoin ATM would help make it easier to buy and sell for users. 
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July 05, 2014, 12:45:04 PM
 #44

I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.

Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
NapoleonBonaparte
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July 05, 2014, 01:37:15 PM
 #45

I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.

Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.


Bitcoin ATM is cheap if you amortized it over a year. If you charge your customer 2-3% per transaction, you will ROI very quick if there is volume.
DannyElfman
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July 05, 2014, 09:42:06 PM
 #46

I originally thought that bitcoin ATMs were costly and impractical, therefore would not succeed. I was wrong.

Most interesting development is Ukraine. where they appearantly changed the software in all conventional ATMs to include bitcoin. In a country with a really unsafe currency. That is big.
Bitcoin ATM is cheap if you amortized it over a year. If you charge your customer 2-3% per transaction, you will ROI very quick if there is volume.
There are a lot of uncertainties regarding bitcoin that would make this less then a sure thing. For example regulation could make it so that bitcoin is all but outlawed.

Your post also assumes that the level of consumer adoption will hold steady or rise, which is also not certain.

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July 09, 2014, 07:05:51 PM
 #47

http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/
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