Cryptoobiobi
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March 20, 2019, 09:44:49 PM |
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Bitcoin ATM has been in use in some countries and cities now, though in low supply. Only south Africa can pride themselves of having few bitcoin ATM terminals in the entire African continent. To increase the adoption of bitcoin and cryptocurrency in its entirety, africa needs to get as many bitcoin ATMs as possible, especially, Nigeria- the most populous black country.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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nydiacaskey01
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March 21, 2019, 10:44:52 PM |
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It's a sign that Bitcoin is starting to gain ground in areas where Bitcoin ATMs are installed. In my country with over 7,100 islands, unfortunately there's only 2 Bitcoin ATMs. I am not expecting ATMs all over our country of course but just by looking at the ratio of 2 ATMs with 7,100 islands, our country still have a long way to go in embracing Bitcoin.
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1BTC EQUALS 1CAR
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March 22, 2019, 01:05:27 AM |
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I have a feeling that huge casinos and gambling place will place a lot of bitcoin ATMs in the future. I'm seeing the benefits of what they can get with that because imagine those bigtime gamblers who does not need to withdraw from banks or make a long transaction before they can play again. Instead, they can just transfer their btc on that atm to withdraw fiat again. |
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Darker45
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🙏🏼Padayon...🙏
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March 22, 2019, 01:26:31 AM |
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Actually, Bitcoin ATM (Automated Teller Machine) is not new. A number of them are already installed in selected countries all over the world. There were already Bitcoin ATMs a few years ago. The number is of course increasing as Bitcoin is gaining adoption day after day. The good thing here is that some of these ATMs are not owned by crypto companies. Before, Bitcoin ATMs are owned by them. I am elated to know that the banks, at least in my country, are also joining the party and installed their own versions of Bitcoin ATMs, or crypto ATMs to be exact because they are also catering to altcoins such as ETH and LTC. |
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SIDDHI777
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March 22, 2019, 09:18:46 AM |
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Of course ATM Machines is not a new concept but Bitcoin Atm's are popping up because it is a great business and also a good concept to attract bitcoin users because even it is a digital currency transact via Internet there are occasions that service of a Atm machine comes in handy and companies who knows that a keen to place machines in urban areas to make profits out of it and also to provide best service possible
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[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
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richminded
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March 22, 2019, 02:38:12 PM |
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It's a sign that Bitcoin is starting to gain ground in areas where Bitcoin ATMs are installed. In my country with over 7,100 islands, unfortunately there's only 2 Bitcoin ATMs. I am not expecting ATMs all over our country of course but just by looking at the ratio of 2 ATMs with 7,100 islands, our country still have a long way to go in embracing Bitcoin.
I think my place belongs to this island and i believe we are still not ready for this one compare to other countries. Well, this is still a good sign for adoption we can expect more Btc ATM especially on a rural places. Educate people first and it can help to increase the number of users and the demand for that ATM’s will grow also and some companies will be force to provide more BTC ATM. |
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d_fitrie
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March 22, 2019, 02:44:17 PM |
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Las Vegas have had Bitcoin ATMs for a while now, so this is not new news anymore.  The current distribution of installations across the countries can be found on , https://coinatmradar.com/countries/ to determine if you have a Bitcoin ATM in your area and how rapidly Bitcoin ATMs are being rolled out on a global scale. I am just glad that these companies are still pushing forward, no matter what the price of Bitcoin are and even if people are hesitant to buy and sell bitcoins now. <Hoarding & low price> wow, I just found out if there are websites that index Bitcoin ATMs all over the world. In the united states, have 2742 bitcoin ATM locations and I am sure in the future there will be many Bitcoin ATM locations that will be installed |
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Sandus_Cryptolover
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March 22, 2019, 10:42:27 PM |
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Having Bitcoin ATM available in various cities is great no doubt about that but is the daily transactions from these ATM be enough to maintain the machines and probably pay space rentage it tax?
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[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
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BestBitcoinBuyers
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March 23, 2019, 03:22:45 AM |
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Bitcoin ATM's are like Arcades vs. XBOX/PS/Nintendo consoles
You can travel to the big box and overpay for digital coins or someone will build an app where buyers and sellers can easily meet to exchange money for items near them in a community.
It's silly they want these boxes to take peoples dollar bills when the stores they are located in already have cash registers and staff. The person at the counter can take money and enter the amount of bitcoin to transfer the person... the fee could be lowered without the bulky box there to take the fiat.
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Siren
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March 23, 2019, 03:44:25 AM |
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Having Bitcoin ATM available in various cities is great no doubt about that but is the daily transactions from these ATM be enough to maintain the machines and probably pay space rentage it tax?
But it is much better that they will provide cryptocurrency atm tht just bitcoin atm what you think?because people now in this community are not just having bitcoin but also altcoins,so the many option they have is the most users they will get wow maybe this is what will make Bitcoin back to success, I really hope that with the existence of a bitcoin ATM it will make the price go up again. maybe this will make people interested in bitcoin again. I hope that more bitcoin ATMs will make it easier for us to do bitcoin transactions
Bitcoin ATMs had been around for how many years now,is this the first time you've heard about this?lol And besides in other asian countries (including ours)has already using 7/11 stores to purchase bitcoin,bitcoin cash,ripple and ethereum |
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Digitalbitcoin
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March 23, 2019, 07:36:37 AM |
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Sure. It,s actually a great way of earning some good amount of Fiat currency, by offering a trading facility to users.
While running own ATM, the owner can earn good amount of profit in market volatility. Still, it's a completely new idea, but soon will be accepted by many private and/or corporate vendors by investing own money.
This is giving an idea of the future economy which will be completely digital.
But now my question is in such condition of digital economy will it be really beneficial for the owner to run ATM for Bitcoin?
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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March 23, 2019, 08:09:55 AM |
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Not in my country. Few years ago Bitcoin ATMs were very popular and there were some Bitcoin enthusiasts who engaded for that so few ATMs popped up in very short time in different part of country. But then that stopped, no new Bitcoin ATMs recently and it seams that people don't actually use them. They have variety of different options to buy or sell Bitcoin without need to leave their house and go somwhere.
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