GBA TO LAUNCH FIRST ROBOCOIN BITCOIN ATM IN THE U.K

[qiwoman]

Bitcoin is here to stay and ATMS are going to be popping up everywhere now..
Investors are pouring into GBA ordering machines and crowdfunding will soon be available to micro investors..This is going to be huge I can see it.. This has only to help the price of BTC go up and up..

http://globalbitcoinatm.com/
https://www.facebook.com/gbaltd


FROM GBA ON THEIR FB PAGE: 

Global Bitcoin ATM is proud to announce that it will soon be ready to place its first Kiosk in London UK in February 2014.

We have several more machines on the way so we are actively searching for suitable venues in the UK.

Polls are currently showing that Bitcoin ATMs may increase traffic by as much as 32% for business owners, translating into greater revenues for your business.

If you would like to be considered as a venue please visit the link below, register your interest and we will be in contact with you soon.

http://globalbitcoinatm.com/

[gambitx]

scam.

also v shady website

[silverkinguk]

It's a real business,you don't really have much eye for details..

[qiwoman]

scam.

also v shady website

You don't have a clue and because you don't have a clue I suggest you keep imbecile comments off the forum boards.. no offense..

Do due diligence before making accusations.. The company is registered and I know for sure the machine is on its way..

Also thanks Sam for the thumbs up.. appreciated.. When they see the ATM go live they will not be able to poopoo it so not really worried lol.

[qiwoman]

I am looking forward to the all the press that GBA will receive once the first machine is placed..Only a few more weeks to go. I will be posting more out breaking news once I receive it from the Horse's mouth.. stay tuned for some exciting news in the coming days..

[uranian]

So it's money in and bitcoin out, is it? Or can you do 2 way transactions, i.e. pay in a bitcoin, receive cash? The website is rather sparse on the details.

[WompRat]

So it's money in and bitcoin out, is it? Or can you do 2 way transactions, i.e. pay in a bitcoin, receive cash? The website is rather sparse on the details.

It will only be one way.  Two way is far too much of a headache and besides you wouldn't be able to get on a two way machine for all the drug dealers queuing up to launder their money.

[CaptainBeck]

scam.

also v shady website

You don't have a clue and because you don't have a clue I suggest you keep imbecile comments off the forum boards.. no offense..

Do due diligence before making accusations.. The company is registered and I know for sure the machine is on its way..

Also thanks Sam for the thumbs up.. appreciated.. When they see the ATM go live they will not be able to poopoo it so not really worried lol.

You need to not care about trolls/scam callers on here.

But he is right, the website sucks, scam or no scam, a better website will help alot now of days, especially for a virtual based product or world.

I'm hoping this and the news on the tax change for BTC really boasts things here in the UK.

[qiwoman]

So it's money in and bitcoin out, is it? Or can you do 2 way transactions, i.e. pay in a bitcoin, receive cash? The website is rather sparse on the details.

It will only be one way.  Two way is far too much of a headache and besides you wouldn't be able to get on a two way machine for all the drug dealers queuing up to launder their money.

Nope it is a two way machine and there are limits to how much you can pull out or put in in a day. I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.

@CaptainBeck the site is under construction still it even says it on the site. They are building a better website. Most of the initial capital funding has just come from word of mouth and without mentioning names (because I am not allowed to disclose here names of investors ) there are some pretty nice backers of this project and like I said be prepared to find some nice news coming soon.. Also may I point out this is a brick and mortar business as the machines are not virtual they actually are objects to be placed in venues around the World. There will be some internet based services also but they will come at a later date for now we are looking at ROBOCOIN ATMS. Hope this info helps a bit.

[CaptainBeck]

What about how much you can pull out in fiat??

[qiwoman]

What about how much you can pull out in fiat??

I will ask my Friends about that they have all the info. I just bought BTC from the Machine in Vancouver twice so let me get back to you on that..I think for every country there are different regulations regarding money laundering but I will ask what it is for the U.K if you like back and forth fiat and btc.. Very good question..

[uranian]

Nope it is a two way machine and there are limits to how much you can pull out or put in in a day. I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.

cool! i think this is a big step in bitcoin's life, as it'll make it much easier for the average joe to actually use bitcoin. i look forward to my first use of such a machine

[CaptainBeck]

Yeah, to go both ways would be great.

This will hopefully see more places accepting BTC now aswell.

[Mk2vr6]

Company details as listed with Companies House -

http://wck2.companieshouse.gov.uk//compdetails

Only been trading just over a month now...

[WompRat]

I welcome any Bitcoin cash machine and welcome being corrected, but the UK has got to be one of the most backwards countries in the EU when it comes to Bitcoin.  I seriously doubt they can meet the regulations required for a two way mechanism to operate within the law.  The UK doesn't have ID cards and passports are not going to be sufficient ID to prevent abuse.

[hilariousandco]

Great news. I'm sure we'll see a few pop up in other major cities this year.

I welcome any Bitcoin cash machine and welcome being corrected, but the UK has got to be one of the most backwards countries in the EU when it comes to Bitcoin.  I seriously doubt they can meet the regulations required for a two way mechanism to operate within the law.  The UK doesn't have ID cards and passports are not going to be sufficient ID to prevent abuse.

Why would ID be sufficient but passports not?

[flagel8]

...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.

What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?

[qiwoman]

...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.

What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?

I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out.. All I know is the Machine is compatible with Federal laws in each country like the Machines to be deployed in the U.K are fully compliant and FCA approved.

[flagel8]

...I have been twice to the Robocoin machine in Vancouver and if over 1k Canadian dollars you need to put in i.d and be scanned like you do at airports lol.

What's to prevent someone from doing multiple transactions of less than 1K Cdn to avoid "documentation"?

I don't know all the protocols off hand in place but there are people operating the ATM in the Cafe so it's gonna be obvious if the same peep comes to try get money in or out.. All I know is the Machine is compatible with Federal laws in each country like the Machines to be deployed in the U.K are fully compliant and FCA approved.

Thanks for the information.

People new to cryptos should be able to get enough to satisfy their curiosity. This is a good thing, widespread adoption has to start somewhere. Though I wonder if the operators of the ATM would do anything to prevent clients from making multiple buys? Don't think they're law bound to do so.

Good to see the proliferation of these machines. Has anyone done a count of just how many there are? Of course, that number seems to be changing daily.

[qiwoman]

We were featured here in Coindesk..very interesting read..

Terry James was Interviewed who is one of our Directors..enjoy..

http://www.coindesk.com/startups-race-install-londons-first-bitcoin-atm/?utm_source=CoinDesk+subscribers&utm_campaign=821d42910b-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-821d42910b-75912605