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

[WompRat]

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

Thanks for the link. I like the bit about there being no laws or regulations to cover it. Lets see how long that lasts.

Can Robocoin can accept multiple documents?

I think it possible the regulators would regard a combination of a passport and a photo driving license as sufficient proof of id and address.  There would be too much potential for fraudulent abuse with a single document.

A one way bitcoin machine could be classed as a vending machine or something similar, but if it pays out real cash then it might be classed as a betting machine or a cash point.  That wouldn't be great for you as the regulations are strict.

People most definitely would be hanging around, using it to clean illegal cash if at all possible.  A number of gangs in London use 'fixed odds' betting machines in bookies in some areas for precisely this purpose.  They pay groups of men to feed money into machines continuously.  The winnings are all legitimate and tax free and it matters not at all that they are losing several percent in losing bets.  The bookies don't care that much as the machines are highly profitable.

Having said that I would check it out if it is easier to pay in money than the current tortuous methods.

[silverkinguk]

Great news there Global Bitcoin ATM the first in the UK lovely and sweet!

[qiwoman]

We are featured here too..Looks like the news is going Viral..

This will make the purchasing and selling of BTC accessible to Everyone...

 


http://www.ibtimes.co.uk/uks-first-bitcoin-atms-coming-central-london-february-1433362

http://uk.news724.com/uks-first-bitcoin-atms-coming-to-central-london-in-february/

http://www.ibtimes.co.uk/bitcoin-centre-nyc-launches-open-source-atm-software-1433269

Also reason why we chose Robocoin against all other machines and technology is because it is a 2 way dispensing machines..others only sell BTC not the other way around..

[An amorous cow-herder]

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..

Hmm, so the "gang" splits funds first and each one gets just below registered amount?
Well, i guess they could go for camera surveilance, but then again, i heard the best prices are allways on halloween, no?

[qiwoman]

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..

Hmm, so the "gang" splits funds first and each one gets just below registered amount?
Well, i guess they could go for camera surveilance, but then again, i heard the best prices are allways on halloween, no?

I don't know why a lot of you are focusing always on the dark side of Bitcoin use. Fiat has been around for centuries along with the Pimps, Prostitution and slavery, gambling, drug dealing, wars and what not. Bitcoin ATMS bring Bitcoin to the masses and if 1% of the population is dodgy let the Police and Crime fighters sort them out as that is their job. If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance.

[An amorous cow-herder]

If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance.

I wasnt arguing against the coin, just wether those restrictions make any sense in conjuction with bitcoin. But since "following the money trail" is a common tactic and the blockchain is public for all time i kinda doubt bitcoin will be very attractive for criminals.

[qiwoman]

If everyone believes only saints are going to use Bitcoin we are not wearing rosy colored goggles but give the Coin a chance.

I wasnt arguing against the coin, just wether those restrictions make any sense in conjuction with bitcoin. But since "following the money trail" is a common tactic and the blockchain is public for all time i kinda doubt bitcoin will be very attractive for criminals.

I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree?

[An amorous cow-herder]

I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree?

Definately. Probably quite a few people will try out "this weird internet money thing" just because its easy this way.

[qiwoman]

I think it is good to have something legal in place to make the users of the machine rest assured and also gives the owners and operators and vendors a good name but I guess that is just my opinion. I think all in all it can only enhance the name and presence of Bitcoin in general would you agree?

Definately. Probably quite a few people will try out "this weird internet money thing" just because its easy this way.

There is going to be a lot of excitement on opening day and there are lots of plans in the works for many other bitcoin related projects not just ATM machines so this will really bring Bitcoin the the Brits in a big way but not only for the Brits but globally. I am sitting on the edge of my seat wondering how big this company will grow by next year and what service it will do for Bitcoiners the World over..

[flagel8]

Does anyone wonder if the various countries' tax authorities might start surveillance of these ATMs? Sounds ultra paranoid, but what if they get (more) desperate? is it against the law to purchase BTC whilst wearing a Guy Fawkes mask?

[uranian]

Does anyone wonder if the various countries' tax authorities might start surveillance of these ATMs? Sounds ultra paranoid, but what if they get (more) desperate? is it against the law to purchase BTC whilst wearing a Guy Fawkes mask?

Ha I'm glad I'm not the only one that wondered that. I wonder if a secondary market in "please go to that bitcoin machine for me" would develop. Not dissimilar to localbitcoins.com really.

[qiwoman]

I am sure everything will be legal and done properly but if there is govt surveillance well that is up to every individual country to decide what it wants to do. Personally ATMS will be a great way to get Bitcoin much more into the mainstream Market. If even 1% of the world's fiat can be converted to BTC it would mean BTC value skyrocketing to over 300k a piece..

[hilariousandco]

Does anyone wonder if the various countries' tax authorities might start surveillance of these ATMs? Sounds ultra paranoid, but what if they get (more) desperate? is it against the law to purchase BTC whilst wearing a Guy Fawkes mask?

Probably not unless you're already under suspicion or surveillance for this kind of thing.

[CaptainBeck]

http://www.wired.com/wiredenterprise/2014/01/bitcoin_atm/

Have you seen this story about a man who sits at the ATM and offers people BTC for cheaper than the ATM???

Interesting of capitalism. 

[hilariousandco]

http://www.wired.com/wiredenterprise/2014/01/bitcoin_atm/

Have you seen this story about a man who sits at the ATM and offers people BTC for cheaper than the ATM???

Interesting of capitalism. 

Yeah, there's a thread about that somewhere. Thought it was pretty funny. Capitalists gonnna capitalise.

[murraypaul]

Their website says:

Please note that completion of our main website will be in early February 2014.

It is early February now.

[hilariousandco]

Their website says:

Please note that completion of our main website will be in early February 2014.

It is early February now.

Well 'early' is a bit vague. Zipzap were meant to be going live in the UK 'early' this month too, but nothing so far.

[murraypaul]

Well 'early' is a bit vague. Zipzap were meant to be going live in the UK 'early' this month too, but nothing so far.

http://www.coindesk.com/can-now-pay-cash-bitcoin-28000-uk-stores/

Bitcoiners can now pay cash for bitcoins at 28,000 shops across the UK, thanks to a new service set up by ZipZap.

The service enables people to head to their nearest ZipZap payment location, hand over cash and see bitcoins deposited in their wallets almost instantly.

Currently available via Bittylicious, BuyBitcoin.sg and BIPS Market, the service will go live with ANXBTC and ANXPRO next week, followed by Kraken, CoinMKT and BTCX.se.

[hilariousandco]

Well 'early' is a bit vague. Zipzap were meant to be going live in the UK 'early' this month too, but nothing so far.

http://www.coindesk.com/can-now-pay-cash-bitcoin-28000-uk-stores/

Bitcoiners can now pay cash for bitcoins at 28,000 shops across the UK, thanks to a new service set up by ZipZap.

The service enables people to head to their nearest ZipZap payment location, hand over cash and see bitcoins deposited in their wallets almost instantly.

Currently available via Bittylicious, BuyBitcoin.sg and BIPS Market, the service will go live with ANXBTC and ANXPRO next week, followed by Kraken, CoinMKT and BTCX.se.

Ah.

Currently available via Bittylicious, BuyBitcoin.sg and BIPS Market, the service will go live with ANXBTC and ANXPRO next week, followed by Kraken, CoinMKT and BTCX.se.

Customers simply have to log into their accounts with one of these companies and select the cash payment option, they then choose the amount of bitcoins they want to purchase and head to their local ZipZap payment location to complete the transaction.

So it's not just as simple as topping up you phone. You might as well just use Bittylicious directly really.

[WompRat]

So it seems with ZipZap that you can only pay by cash if you have already registered your id and address documents online.  I don't know how they could operate legally  in the UK any other way.  Isn't this an issue for Robocoin as I understand it doesn't work that way?