World's First Low Cost Bitcoin ATM under 1000 Euro

[Troya]

Have you seen twitter from PaymaQ?

www.twitter.com/paymaq

they are going to sell a bitcoin atm for 1000 euro!

Everyone knows some thing about it?

[virtualmaster]

http://bitcoinmagazine.com/10559/bitcoin-trendy-spain-100-atm-installations/

[S4VV4S]

As we can see in other countries such as Canada, to buy or sell bitcoin in this machine it is necessary to identify in the system with your national ID card
(an easy process that you can do with an integrated webcam).

As we can see the governments are already trying to find ways to control BTC.

Pretty soon all banks will be working with BTC and giving out loans based on your BTC deposits - Fractional Reserve.

[Troya]

Paymaq is going to sell a Bitcoin ATM for only 1000 euro!!!!!

[Troya]

PaymaQ have started to sell Bitcoin ATM 799 Euro. I'm going to buy one:

https://www.indiegogo.com/projects/paybitcoin-the-first-low-cost-bitcoin-atm

[seriouscoin]

too bad.... it will not be widely used due to lack of regulations.

It needs biometric OR ID scanner to cover the operators at in MANY places. I wonder why they didnt have it in the design.

[Troya]

Today there is no regulation. And for only 799 euro you will have a ROI so high in a few weeks!

[LiteCoinGuy]

its a good price. nice work.

[waldox]

im excited to see lower and lower prices on bitcoin ATM

this will certainly aide global bitcoin adoption

the beats the $20,000 USD robocoin bitcoin ATMs that were introduced (in vancouver) not too long ago

in the video http://www.indiegogo.com/projects/paybitcoin-the-first-low-cost-bitcoin-atm

scumbag al jazeera (connected with CIA/bankers) prejudiced the video news report by saying that bitcoin will be worth nothing by the time all 100 spain bitcoin atms are rolled out.

subliminal garbage, looks like they want it to goto zero the more they repeat themselves and make you believe it

[durrrr]

do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?

[seriouscoin]

do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?

It only sells btc.

[master-P]

I think these machines will become popular in places where there is little regulation.

[durrrr]

do these atms convert bitcoin to cash instantly or just print off bitcoin. and can you buy bitcoin at them?

It only sells btc.

is there any bitcoin atm that you can sell your own bitcoin for cash? and then lets say buy it back later that day with the machine. that is what is needed in all liqour stores

[sergio]

Now that bitcoin was claimed to be property by the IRS, it would seem logical that an MSB permit would not be needed.

Do MSB laws in the USA apply to property???

Do they accept bitcoin for payments for theses 799 euro atms?
They seem to be really cool.

[bryant.coleman]

Most of the Bitcoin ATMs don't have the ability to convert BTC to fiat. That is one of the major drawbacks.

[zolace]

Gosh now it wont be effective if they have to show ID and now the ATMS gotta pay taxes on those machines.