Bitcoin ATM's are popping up

[alisafidel58]

Its not new to us here in the Philippines, we already have that years ago. Although i have never seen nor withdraw from the ATM machine, ever since i came to know bitcoin ive been using other much more secured ways for me to withdraw my money than going there having to think if its safe or not.

Links : https://coinatmradar.com/bitcoin_atm/475/bitcoin-atm-genesis-coin-makati-sunette-towers/

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[harapan]

Some people get arrested after installing an ATM. I remember it was the case in ASIA. 

Asia? exactly which country do you mean, I'm also from Asia, in my country now there are many bitcoin ATM installed. and the government does not prohibit it.

[thinkright]

they are even prevalent these days. They are available in over 77 countries and counting. Pretty soon it going to be accessible from every part of the world

[teejayrichard2]

Yes this is absolutely true and we are very happy seeing this development. It goes to show people are beginning to see the importance and benefits of cryptocurrency usage and are beginning to accept and adopt its use. I believe in time coming, we will see more Bitcoin ATMs pop up in more countries.

[Ipwich]

Yes this is absolutely true and we are very happy seeing this development. It goes to show people are beginning to see the importance and benefits of cryptocurrency usage and are beginning to accept and adopt its use. I believe in time coming, we will see more Bitcoin ATMs pop up in more countries.

We have more present into physical things now, this would make the people to be aware about crypto.
In our country there are also ATM for crypto and it's the start of adoption, this is bank suspporting crypto that we once think will combat crypto.

[SIDDHI777]

Las Vegas is a good attraction point for any potential currency because the cash flow is immense than any other region in America or any other country which can do a considerable to the progress of Bitcoin and its adoption because when there is more cash flow involvement growth and expansion become very easy

[Daniel91]

Yes, it's true.
For example, in my country, Croatia, we got first btc ATM 2-3 years ago, I think, in the city center (Zagreb) but recently we got 2 more btc aTM, one in other city so btc atm's are spreading here.
It's good, specially for tourists with bitcoin for spend

[Oyarebu]

Totally different from what is currently happening in my country. Some other countries around us have archived this over 3-4 years back but we are yet to have one install. Hopefully to see more of these ATM's machine be install in the nearest future.
Just joining the forum because of the potentials i see in the technology and how it can be use to improve our economy.

[yohananaomi]

This is a very positive news that has happened with the number of atm bitcoin popping up, indicating that bitcoin has begun to be recognized and trusted. but I doubt that atm bitcoin can solve the problem of transactions that will be carried out, clearly there are costs that must be incurred and will be different from the transactions that we have often done, maybe it will be bigger.
but for me bitcoin atm is not too important because I am more happy with the existing system and can be trusted.

[Coyster]

Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability

[Zadicar]

Some people get arrested after installing an ATM. I remember it was the case in ASIA. 

Asia? exactly which country do you mean, I'm also from Asia, in my country now there are many bitcoin ATM installed. and the government does not prohibit it.

Just like on my place there are already some Bitcoin ATM's as of this moment but it doesnt mean that overall banking sector do already legalized cypto on my place.
They are various Banks which do still on neutral side or shall we say they are just still on observing state.

[Carollzinha]

Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability

It has not spread so far and to a more variety of countries just because of policies being used. There are some measurements that have to be be taken in first place before jumping into these implementations.
Banks need to update their softwares in order to provide such currency exchanges. Which is not an easy step like snapping your fingers.

There are alot of back side agreements taking place right now so it's just a matter of time till we see them expanding even more.

[MakeMoneyBtc]

Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability

Bitcoin ATM's are not something new since they have been existing since 2013 when first bitcoin ATM was opened. But in the last months, especially in the middle on 2018 they started to get more popular. Right now according to some statistics I found there are around 4400 bitcoin ATM's existing in the world and you can't say that's little. Of course, when we take in consideration there are hundreds of cities where people use bitcoin this number seems low but still I consider there are quite a few of them out there and its not that hard to find one that's near you.

[killat]

Globally the number of Bitcoin ATMs has increased very much. Even in my country I saw last month 2 new machines. These are good news as they are a sign that demand is on an ascendant path and this should translate soon into a price increase.

[GreatArkansas]

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=

Adoption is increasing. As we can see on different countries, bitcoin ATM also popping, not only in Las Vegas. Bitcoin ATM is one of the biggest tools to increase the users of bitcoin, as time goes by, bitcoin transactions are increasing. This is a good sign for adoption on Bitcoin. But there is recent news about Bitcoin double spenders scam. https://thenextweb.com/hardfork/2019/03/14/double-spenders-scam-150000-bitcoin/

[dat.ho12492]

Yes, it's true.
For example, in my country, Croatia, we got first btc ATM 2-3 years ago, I think, in the city center (Zagreb) but recently we got 2 more btc aTM, one in other city so btc atm's are spreading here.
It's good, specially for tourists with bitcoin for spend

In my country, bitcoin atm has also appeared, the number is similar as your country but instead of every bitcoin user can use bitcoin atm easily, my government has prevented it and said that using bitcoin is illegal and bitcoin ATM has been abandoned until now, no one dares to use it. Honestly, I'm not too concerned about bitcoin ATM because I believe very few people use it when spending bitcoin is not a story that people like to do, people just like to store and wait until it rises strongly

[gribble]

​​Dubai's first bitcoin ATM installed at Rixos Premium on JBR

Dubai residents and tourists can now buy Bitcoin through an ATM using just cash.

According to a Khaleej Times report, the UAE's first ATM that dispenses bitcoin is at the five-star Rixos Premium Dubai Hotel at JBR.

Buyers need present no documentation other than cash to buy bitcoin instantly. Customers will need need an Emirates ID or passport to sell the digital currency later, according to Anhad Dhingra, CEO, Amhora, which holds the licence for the ATM.


“At this kiosk, you just insert cash and you get Bitcoins instantly. It is possible to purchase Bitcoins through banking platforms and debit cards already but since we accept cash, it is very different. This is the first commercial Bitcoin kiosk in the city,” Dhingra was quoted by the report to say.

Dhingra’s ATM has been licensed by Dubai’s Department of Economic Development. There is a five percent commission on the total purchase for buying bitcoin through the ATM which transacts the currency in real-time exchange rates.

[btc78]

Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:

https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=

Maybe its better that the crypto ATM from banks must be spread than bitcoin ATM because this only offers single coin than crypto atm can provide many cryptocurrencies
No wonder that gamblers will be more interesting in withdrawals as they can use all the crypto assets than single coin
I will also benefits from this if chance that spreads in our region because i will be having chance to use some other coins

[markdario112616]

This is just a symbol or a sign that the Bitcoin is clearly but slowly being adopted in the system. Though, This ATMs are only available (as far as I know) on countries in which Bitcoin is legally accepted. Nevertheless, This year seems to creating a good implication to what Bitcoin could be on the future, aside to the recent fall of rates. Hoping that this is a good start for the advancement of the Crypto world.

[qwertyup23]

This one is not surprising to me since I already read some articles testifying with this similar report. But the thing is what is the point of popping up of this machine for bitcoin is the charge fee for transaction is high. This would just inform the world about the realness of bitcoin but to those who knew about this will simply ignore it because of the high fee.

There are similar bitcoin ATMs here in the Philippines yet people seldom utilize them. I guess the problem revolves around the distribution of each ATMs as there are currently around two (2) working ATMs across the country. Given that the reputation of cryptocurrencies in the Philippines are still increasing, this implementation is bigger than we thought.

The only problem that people experience, like you said, are the transaction fees. I've known people who actually used the ATMs and they complained that the transaction fees are indeed, too high. Our local exchange platform offers various services and options and it is much more convenient than going to an ATM and withdrawing your bitcoins by converting them to fiat. Hopefully this problem gets addressed soon.