Vending machines that use Bitcoin

[OmDaN]

It would be great to see such machines but I doubt any company will start manufacturing them anytime soon because of the small number of customers using bitcoin. Besides, the lightning network is still under development (testing stages) and using it requires some technical knowledge.

yes, its pretty good idea. but you are right, unfortinatelly, that companies will start manufacturing them.

[tungaqhd]

Now that it's possible to send instant transactions at a fraction of the cost using Bitcoin's Lightning Network, I'm starting to wonder whenever we'll be able to see vending machines accepting Bitcoin someday?

For years, we've been accustomed to vending machines which accept physical cash above all else. A Bitcoin vending machine that would use the Lightning Network would turn out to be quite revolutionary for many businesses in the mainstream world. It'll be even better than paying with physical cash. This would also benefit the Lightning Network in terms of adoption worldwide. I'm sure that someone is already working on this in order to make our lives easier than ever.

What are your thoughts? Is the Lightning Network ready to be used on vending machines, or is it too early to tell? ??

Vending machines that use Bitcoin is a great idea, it helps storing money safer and brings a convenient way for buyers to purchase. However, many countries like VietNam don't accept cryptocurrency  as a payment method so people here have to wait until Bitcoin is a legal payment method.

[RooseveltOah]

How does pricing work? If prices in BTC, does it change everyday? Every hour?

[killerfrost]

How does pricing work? If prices in BTC, does it change everyday? Every hour?

Yes i think they will update the price every hour because the price of bitcoin is always fluctuating and that update will be very difficult for vending machines. It is better for them to use a stablecoin so that things are always stable like with cash. I don't really like the fact that bitcoin will be used to make payments at vending machines

[bobitza]

People are smart to create vending machines that are paid for with bitcoin. This is a brilliant success of the 4.0 technology era. A Brazilian computer programmer builds a Coca-cola vending machine that is paid for in Bitcoin (BTC) through the Lightning Network.
Vending machines can also identify users' needs, Reis used the Lightning Network to make Bitcoin transactions faster and cheaper.

[Oneandpure]

How does pricing work? If prices in BTC, does it change everyday? Every hour?

Yes i think they will update the price every hour because the price of bitcoin is always fluctuating and that update will be very difficult for vending machines. It is better for them to use a stablecoin so that things are always stable like with cash. I don't really like the fact that bitcoin will be used to make payments at vending machines

What using for from vending machines where we know bitcoin and altcoin price is fluctuating where some time with higher and lower price, maybe although higher technology machine can't prediction about how bitcoin price later will higher or not because bitcoin keep stable without can't be prediction by any one else.

[Yaunfitda]

How does pricing work? If prices in BTC, does it change everyday? Every hour?

Perhaps it will be based on the current price on your transaction? Similar to how we purchase on exchanges, so don't make things complicated on your end.

Definitely, there is a possibility that those vending machines are going to accept bitcoin thru lightning network, after all this is why we have LN on the first place, side-chain so that transactions can be processed quickly. LN has been tested in EU already so I will not be surprised that vending machine companies will be one done targeted crypto niche.

[joinfree]

Seriously and franklyspeaking having a vending machine that accepts bitcoin as payment will be very cool and even go the miles of letting more people know about bitcoin. But i guess the lightning network system is not ready for such development. I would prefer if they get into online payment platform first since that is commonly used in this era for so many puurchases

[drlukacs]

Now that it's possible to send instant transactions at a fraction of the cost using Bitcoin's Lightning Network, I'm starting to wonder whenever we'll be able to see vending machines accepting Bitcoin someday?

For years, we've been accustomed to vending machines which accept physical cash above all else. A Bitcoin vending machine that would use the Lightning Network would turn out to be quite revolutionary for many businesses in the mainstream world. It'll be even better than paying with physical cash. This would also benefit the Lightning Network in terms of adoption worldwide. I'm sure that someone is already working on this in order to make our lives easier than ever.

What are your thoughts? Is the Lightning Network ready to be used on vending machines, or is it too early to tell? ??

Yes, the Lightning network is ready to do this with Bitcoin but the important thing is that the demand is not too much. I've seen quite a few vending machines use one of their e-wallet apps and it works pretty quickly, which has taken the convenience to a whole new level. So what does it mean to pay with bitcoin while it makes no difference? Besides, Bitcoin is a highly volatile asset class. Imagine, you want to buy 10 coffe glasses and it is worth about $ 23, and suddenly the price of bitcoin drops by a few percentage points, you will not have enough money to pay for 10 cups of coffe. so I think this idea will be hard to come up with.

[BeManga]

Now that it's possible to send instant transactions at a fraction of the cost using Bitcoin's Lightning Network, I'm starting to wonder whenever we'll be able to see vending machines accepting Bitcoin someday?

For years, we've been accustomed to vending machines which accept physical cash above all else. A Bitcoin vending machine that would use the Lightning Network would turn out to be quite revolutionary for many businesses in the mainstream world. It'll be even better than paying with physical cash. This would also benefit the Lightning Network in terms of adoption worldwide. I'm sure that someone is already working on this in order to make our lives easier than ever.

What are your thoughts? Is the Lightning Network ready to be used on vending machines, or is it too early to tell? ??

well its really good idea to have something like that
but to have a bitcoin as only payment method for vending machine is still not possible
maybe it will be possible in the future if Bitcoin goes mainstream or get more adoption

[tianglistrik]

I am thinking more about faster shipping than now, if bitcoin delivery can be faster then I think the application of the machine you said could be realized. the problem is if a bitcoin transaction still takes a long time, then the expected use of the machine will be difficult to carry out and maybe this time it can't be achieved but someday maybe it can be achieved because this is one interesting idea

[Eugenar]

I am always a fan of lightning network, this will solve the problem of high fees in bitcoin and it's nice that there are people already working on it, this will eliminate the hindrance on why people does not adopt bitcoin for daily transactions.

The purpose of bitcoin then will be serve, it will be fast and cheap with LN.

That's why we have segwit wallet address now for bitcoin, it is much efficient and cheap, so for those who think why we want to transact using segwit wallet then this is the reason. Going back to the topic we have, vending machines in bitcoin could possibly be one of the leading factor why we could achieve market adoption of bitcoin in some areas where they totally don't have any knowledge about it. Imagine if we are putting these machines and don't really have idea what it is even the symbol of bitcoin on it. So, when people comes with the knowledge of bitcoin and used it, they might be curious and be fascinated about how our system works.

[bettercrypto]

It would be great to see such machines but I doubt any company will start manufacturing them anytime soon because of the small number of customers using bitcoin. Besides, the lightning network is still under development (testing stages) and using it requires some technical knowledge.

As cryptocurrency and bitcoin become more popular in each country, manufacturers will become also interest in making atm machines that provide crypto specially with bitcoin. That will happen if the development under lightning networs will be done successfully. Let us see how vast that crypto will arrive soon.

[julius caesar]

It might work actually. But I think the companies who creates such those technologies will need some in depth research on how bitcoin really works and how many of their possible customers will use a bitcoin as a part of their transaction. It is possible to implement but it may take a hard time for those manufacturer.

[Asmonist]

This is somehow like an atm or something that you can pay with bitcoin and you can get some drinks or something. Well, scanning of QR codes are quite rampant now for some stores. So definitely it can happen more for some other uses. Of course it cannot be immediately adopted by many. Transitioning period will really take that long.

[FairUser]

If in the future Bitcoin and cryptocurrency are widely accepted and widely used, I believe this idea will be implemented. But it will certainly take a long time for everyone to see it, I think it will take at least 10 years before we can see vending machines that accept payments in bitcoin or other cryptocurrencies. And I think that the price of Bitcoin or altcoin must be truly stable before they can accept it in payment

[ragavancoin]

Vending machines is already accepting bitcoin some part of the country's but still there are so issues with making payments though bitcoin if they are adopting the lighting network it maybe helps the quick payment process without any payments issues.

[tsaroz]

Lightning network are still in it's early stage and it needs consensus among the bitcoin community  to use it for transactions rather than using bitcoin blockchain.
And using a Lightning network could also make bitcoin centralized to some extent. Using multiple Lightning network would create different type of network.

[Eclipse26]

That's definitely possible. We are innovating so it can happen. But we'll probably see that with developed countries first before other country adopts it. But it's too early for that kind of technological adoption since we're still lacking in mass adoption. And it's only possible if there's a lot of people that will want and ask for it.

[Youghoor]

The addition of bitcoin as a method of payment on a vending machine  will not actually any problems so far the people using it have not with bitcoin bèing an alternative method of payment. And with the use of lightning network, transactions made will be a bit faster. Also, considering the rate at which the crypto ecosystem is growing,  using bitcoin to pay in vending machines will not be a problem...