New Yorkers can now buy Bitcoins at traditional ATMs

[cryptononymous62]

One of the most visited states in the U.S. has opened up the opportunity to buy Bitcoins from any traditional ATMs, by using a debit card. There has been a new license issued by the LibertyX group together with regulators in New York which has now become the first to offer a debit card in order to purchase bitcoin options to any New York State resident.

The bitcoin payment service provider



https://www.cryptolinenews.com/2019/01/new-yorkers-bitcoins-traditional-atms/

[squatter]

What a misleading headline. They make it sound like people can just get up and buy bitcoins through existing ATMs, right now. That's not the case at all.

LibertyX got a BitLicense to potentially offer a debit-card-to-bitcoin service, that's all. It doesn't mean that traditional ATMs can sell you bitcoins yet, and there's no indication of how many Genmega machines will ever be Bitcoin-enabled. Genmega caters to the independent ATM deployers market -- enabling the bitcoin-buying feature at ATMs would be dependent on whether independent operators want to offer it.

A more accurate headline: "New Yorkers may be able to buy bitcoins at some Genmega ATMs at some point in the future, not clear how many"

[automaticmoney]

slowly we are witnessing the bitcoin mass adoption soon we will see more merchants accepting bitcoin in all major shopping malls we can experience change

[samuraijin]

This is very interesting and of course this super power country has provided traditional ATMs, of course, this makes a lot of users there, and it will make it easier for them to exchange and shop ...

[Crowell]

slowly we are witnessing the bitcoin mass adoption soon we will see more merchants accepting bitcoin in all major shopping malls we can experience change

Bitcoin or more reasonable currencies? Wasn't it proven that BTC doesn't have the capability to become a mass currency? Pff. Proof of concept.

[ribowo76]

Whatever the reality, we certainly have seen. A global adoption process on bitcoin is increasingly being carried out. And I believe, it will attract more people to bitcoin

[kucritt]

is this true? i think if this true the bitcoin popularity can be increasing because of this news, and i think it will be started in the bitcoin era when you can buy a bitcoin with your debit card directly from the ATM

[Magkirap]

I hope this kind of ATM machine will be use in all countries because we know all country already know and use cryptocurrency especially bitcoin. I this kind of machine can attract some people to buy bitcoin and I think there will time that they will use their fiat to buy bitcoin through using ATM machine.

[2double0]

What a misleading headline. They make it sound like people can just get up and buy bitcoins through existing ATMs, right now. That's not the case at all.

LibertyX got a BitLicense to potentially offer a debit-card-to-bitcoin service, that's all. It doesn't mean that traditional ATMs can sell you bitcoins yet, and there's no indication of how many Genmega machines will ever be Bitcoin-enabled. Genmega caters to the independent ATM deployers market -- enabling the bitcoin-buying feature at ATMs would be dependent on whether independent operators want to offer it.

A more accurate headline: "New Yorkers may be able to buy bitcoins at some Genmega ATMs at some point in the future, not clear how many"

The cause why I don't believe straight before going through the whole news actually is this, sometimes OP doesn't know what he is posting and gets misled and then he misleads others. It's like someone just said that a glass is shaking off and the other minute, the ugly stupid guy shouts that "hey, it's an earthquake, we're being shaken up and going to die." Heights of stupidity. They are going to put up crypto-based digital machines which should not be called ATMs (I saw the case in India, just because they called it an ATM, their govt sent that exchange's admins behind the bars).

[Sadlife]

What a misleading headline. They make it sound like people can just get up and buy bitcoins through existing ATMs, right now. That's not the case at all.

LibertyX got a BitLicense to potentially offer a debit-card-to-bitcoin service, that's all. It doesn't mean that traditional ATMs can sell you bitcoins yet, and there's no indication of how many Genmega machines will ever be Bitcoin-enabled. Genmega caters to the independent ATM deployers market -- enabling the bitcoin-buying feature at ATMs would be dependent on whether independent operators want to offer it.

A more accurate headline: "New Yorkers may be able to buy bitcoins at some Genmega ATMs at some point in the future, not clear how many"

Thanks for the correction, i thought all states have officially legalized bitcoin as investment but turns out to be a misleading info if this were to happen then it could be bullish for btc but it's actually only one company who implemented it. But still a good news though to spread awareness about an alternative asset such as bitcoin it could btc grow and we might be able to see institutional and companies investing in it.

[Johnzky]

I hope this kind of ATM machine will be use in all countries because we know all country already know and use cryptocurrency especially bitcoin. I this kind of machine can attract some people to buy bitcoin and I think there will time that they will use their fiat to buy bitcoin through using ATM machine.

Theres alot of bitcoin ATM spreads around the world and you can use this instead of bank ATM like what OP had mentioned

But thats more enough if this ATM will also available by using debit card because this is more appropriate to use by regular people in every country’s,specially in asian and other continent aside from america and Europe