Bitcoin ATM in a gas station

[tread93]

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.
 Read the full details here.
https://www.reuters.com/article/us-usa-crypto-currencies-atms-idUSKBN2B714L?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

Bitcoin ATMs aren't a new development, the first one was launched on the strip in Vegas in 2014 (there are many others who claim to have the first one around that time frame in other places). Since then, they've grown rapidly. If you want to learn more about Bitcoin ATMs then check coinatmradar.com - it'll tell you everything you need to know.

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[Ecol]

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

[mamiko]

I want bitcoin atms to increase more and more around the world. With the increase in these ATMs, bitcoin as a coin that appeals to the eyes may be more attractive to people. And as coins, we can also destroy the bad thoughts in their minds by creating a different perspective for people who don't see it as the real thing.

[Twentyonepaylots]

Bitcoin ATMs have been existent even before the massive adoption and price pump last year. Although of course because of the aforementioned eventualities there seemed to be an increase in number to cope with the increasing needs of people to transact through bitcoin. But I don't think they will be as ubiquitous as regular fiat ATMs just yet. We needed the adoption to come first before these people see the need for these types of ATM

[dohh]

The use of bitcoin ATM is becoming more and more popular in the cities and the latest is a bitcoin ATM installed in a gas station in the Montana and delis, having a bitcoin ATM in a gas station is another milestone for the entire usage of bitcoin what I can tell is if one can pay for gas using bitcoin in the station but the fact is bitcoin is gaining widespread adoption. What are your takes on this new development.

In Tallinn, in Estonia, more condom vending machines can be found in cinemas and sports clubs these days. This must mean that sex is becoming more popular!

[dohh]

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

LOL. https://bitinfocharts.com/comparison/bitcoin-transactions.html

My arse.

[BIN-BIN]

The number of Bitcoin arm keep increasing globally the awareness of bitcoin keep getting to the mainstream and a lot of platforms keep adopting bitcoin and other cryptocurrencies. We have about twenty four bitcoin ATMs globally, you can get the real statistics here:
https://news.bitcoin.com/number-of-cryptocurrency-atm-locations-24k-worldwide/

[ChrisPop]

ATM in the gas station. Haven't seen one yet although I live in another part of the world. So far we only have them mostly in malls/shopping centers, but I'm sure they'll spread out.
I'm more interested in paying with crypto at a gas station though.

[Malam90]

Adoption with Bitcoin is increasing rapidly though out the world. We have read many news and articles about Bitcoin ATM. It's a new revolution to the crypto i think. Car users, Drivers can buy gas and pay with Bitcoin which is good for crypto users. I haven't seen any ATM booth of Bitcoin in my reign but i hope we can see Bitcoin ATM in our Indian Subcontinent very soon.

[Renampun]

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

Bitcoin usage is increasing but I'm not sure the government in the future will allow traditional fiat atm to be replaced with bitcoin atm...

I think atm machines around the world will be able to give users options whether they want to withdraw/deposit money with Bitcoin or fiat. I myself am really looking forward to the bitcoin atm machine being in my country, it will definitely be big news.

[Smartvirus]

The innovation is nice and a very much welcomed one for sure. I've heard of bitcoin being used in a number of places but, at the gas station is one place I've not seen the use, judging by the wait time it would take to confirm transactions and actually getting your gas but then, I come to understand that, this innovations goes far above the services for which is rendered by the machine itself, its a sort of innovation that actually justifies claims that bitcoin isn't a scam, isn't an insecure project and could be used in an everyday life as well. Innovations like this in the public is a good boost of curiosity in the minds of the public and who knows, a lot of persons would want to try it out thereby, bringing in more and more investors.

[Macadonian]

These things have started to be non-news, more like adverts for the companies installing them, make a quick interview about a company, promote it and classify it as news. The most important thing in all of this is one line:

Fees range from 6% to 20% of a total transaction,

At those rates, those things are starting to target one-time shoppers, fleece them as much as they can, and then to the next buyer or more like victim rather than focusing on volume and on dedicated customers. Just for fun, I looked two weeks ago at a Batm, the fees were not that bad at 7% but buying 100 euros worth of bitcoin wouldn't get me 93euros in my wallet because they would also charge me close to 15 euros for the tx.

If they keep these things up and go full KYC on every purchase they will soon be left with no customers.

Those fees are rediculous how can they charge as high as that? I am sorry but for those saying that Bitcoin atms are good they are not if they are charging that amount that is robbery and you should not be paying any fee. AFAIK the atms work by querying a API from a popular exchange they do not do the converting themselves and they do not deserve to charge those rediculous fees.

[shield132]

These things have started to be non-news, more like adverts for the companies installing them, make a quick interview about a company, promote it and classify it as news. The most important thing in all of this is one line:

Fees range from 6% to 20% of a total transaction,

At those rates, those things are starting to target one-time shoppers, fleece them as much as they can, and then to the next buyer or more like victim rather than focusing on volume and on dedicated customers. Just for fun, I looked two weeks ago at a Batm, the fees were not that bad at 7% but buying 100 euros worth of bitcoin wouldn't get me 93euros in my wallet because they would also charge me close to 15 euros for the tx.

If they keep these things up and go full KYC on every purchase they will soon be left with no customers.

And they are left without customers. My friend has a cafe in one small country but his cafe is located in a very prestigious area where you'll often see the tourists. They not only walk near his cafe but they also usually hire the apartments in that area. Tourists are mostly from Russia and East European countries and there were times when I was often in his cafe during the day.

I have never seen tourists or local people using the Bitcoin ATM in his cafe. Once, an old woman came here and asked us to help her in paying of bills I have said this story already in past. I can really confirm that no one uses that ATM, it's not profitable, have never been too but idk, it's still in his cafe and the owner of that ATM pays him the rent price.
Also, there was one crypto cafe opened in another prestigious area. My GYM was in front of that Cafe, so, I was seeing that cafe from outside every day. Sometimes I was even visiting them and you know what's funny? No one was paying with crypto but with cash

[Hamphser]

We will hear more of these news day by day. Bitcoin is slowly starting to enter every person's life. Who knows, maybe all cash machines will turn into bitcoin machines in the future.

Bitcoin usage is increasing but I'm not sure the government in the future will allow traditional fiat atm to be replaced with bitcoin atm...

I think atm machines around the world will be able to give users options whether they want to withdraw/deposit money with Bitcoin or fiat. I myself am really looking forward to the bitcoin atm machine being in my country, it will definitely be big news.

Why would really people been thinking that it should replace fiat ATM's if both things could exist on the same time on where people could have an option?

Yeah, this might be requiring more adoption rate to be seen these atms on lots of places but at least we are seeing some progress on where recognition of its existence then that would

already be a considerable thing that we are really heading on that one.No matter how hard it would be accepted in some countries but not all would really be ending up on the same decision.

[romero121]

An ATM installed on gas station and getting access to pay with bitcoin shows the progressive market and the advanced thinking of the Gas station owner who have come up with this plan.

It is clear to know at present it won't generate big revenue, with time it'll give good profit in the future. Because, now people have got the free access to pay for the gas, if paid with bitcoin it'll cost atleast a 10% fee which is really big and very few who are much passionate using bitcoin unlike its fee go for it.

[worldofcoins]

An ATM installed on gas station and getting access to pay with bitcoin shows the progressive market and the advanced thinking of the Gas station owner who have come up with this plan.

It is clear to know at present it won't generate big revenue, with time it'll give good profit in the future. Because, now people have got the free access to pay for the gas, if paid with bitcoin it'll cost atleast a 10% fee which is really big and very few who are much passionate using bitcoin unlike its fee go for it.

Wait a sec.. Are you saying they've started accepting bitcoin on petrol stations?
In 2010 a good internet connection was a big deal let alone people accepting bitcoin anywhere and after 10 years it's officially accepted in petrol stations, quite a progress.

Can you tell me which country or state is doing this?

[bittraffic]

Its more of a promotion for the companies installing these ATMs. This is good if the gas station alo accepts BTC as payment so it will make sense.

The gasoline station has warnings about not using phones though whenever near the pumps. Hope we won't be seeing news about gasoline station explodes because of BTC payment. That would be a worse fud news 😄

[masterrex]

This information is nice to read and it brings hope and positivity, soon all these Bitcoin ATM's became an ordinary scene in most countries around the globe, and if more and more people will be using Bitcoin in every country I'm sure the politicians and their respective governments will consider it as an alternative currency/asset other than fiat and those atm's will not be only limited in gasoline stations but in all other busy places in every city and every country. anyway, it was just part of my positive opinion.

[seramania]

actually this is a good thing it's just that in my opinion is how to apply oil prices and bitcoin prices. because the price of bitcoin has fluctuations up and down. if it doesn't match I think there is one party who is at a loss because the price is different

[bosede1]

Do you know that after reading the subject topic I thought I will open it and see a different story but I was flabbergasted really seeing it's true. This is really a positive development as well as awareness for bitcoin.