Bitcoin ATM in a gas station

[suryana]

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

Unfortunately this will not happen in my country. They do not prohibit the existence of bitcoin, it's just that the government says bitcoin is not a legal tender in our country. Even though the development of bitcoin ATMs is really very good, considering there are other functions than trading.

[Dhaniii]

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.

Big businessmen have seen the light for the future of the company, bitcoin has become their hope to take one step forward. they have started to adopt bitcoin and become a medium of exchange in transactions at every opportunity.
some countries still refuse to use bitcoin, but big companies I don't think they are stupid, will definitely adopt bitcoin quietly and become company assets in the future.

[Aliceooo78]

The picture comes from the Internet. I find it very interesting and convenient.

[BIN-BIN]

Cool and exciting to see new bitcoin ATMs in different models and sizes, but I will appreciate it if you can state the locations of those ATMs so that members around that location can know these developments.

[Mr.sprin]

bitcoin users, the more evidence there is atm bitcoin at the gas station here, we can feel that in the future bitcoin will definitely compete with cash, maybe even bitcoin in the future will be easier to transact compared to fiat.

[Kittygalore]

bitcoin users, the more evidence there is atm bitcoin at the gas station here, we can feel that in the future bitcoin will definitely compete with cash, maybe even bitcoin in the future will be easier to transact compared to fiat.

Well, unless the government regulates them, we will have a hard time predicting correctly the future for bitcoin ATM because as of now, these bitcoin ATMs aren't regulated yet but you are right that with more accessibility for bitcoin, that it will be a good future.

[Cling18]

It will be another convenience especially for crypto users who are always traveling. The gas station is commonplace mostly for ATMs so it will be a good place but I hope that they would also put more in public places like shopping malls and supermarkets. This kind of development is considered as a good milestone for crypto users who are aiming for more adoptions.

[Text]

Previously what I’ve often just seen shared locally is a gasoline station and other businesses, big or small, accept bitcoin payment.  Then now there is an ATM.  Well, it's not new to me because I've seen something like this in other conversations.  But that's it, maybe it's in another region, and it's in another as well.  This is just one of the signs that Bitcoin is expanding its reach and its adoption.  There will also come a time when we will experience using that.

[Rigon]

Installing Bitcoin ATM machines at gas stations is a very good initiative. People will be able to enjoy many benefits if shopping complexes can be set up at gas stations etc.If Bitcoin ATMs are set up in different places, people will be able to transact in a matter of moments. So I really like the idea of ​​putting bitcoin in this gas station.

[marissa23]

The picture comes from the Internet. I find it very interesting and convenient.

I noticed a picture of a bitcoin atm that looks like it's in hong kong, is it legal for bitcoin transactions in hong kong, see if i saw the picture wrong or can someone explain it in more detail?

[noorman0]

I noticed a picture of a bitcoin atm that looks like it's in hong kong, is it legal for bitcoin transactions in hong kong, see if i saw the picture wrong or can someone explain it in more detail?

Hong Kong is a Chinese territory with an independent legal and government system, and the rights of citizens are separate from its parent country. Regarding regulations, investing in crypto in Hong Kong is currently legal, it can be said that Hong Kong has the clearest and most detailed requirements for licensing of VASPs. 9 major exchanges are based in that region.

But one of the local financial institutions there has made a proposal for new limits on crypto-based investment or companies. If this proposal becomes a new policy, I doubt that the Bitcoin ATM business in Hong Kong will have the prospects as previously expected.

[cheezcarls]

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

Before the pandemic, I have seen Bitcoin ATMs mostly inside the malls in Singapore, Hong Kong, Taiwan, etc. Here in the Philippines, there’s one active ATM that is under regulation by the central bank, which is Unionbank’s crypto ATM. However, I’ve never encountered any Bitcoin ATM near the gas station.

Although it’s a good thing that the Bitcoin ATM was deployed in a gas station, but the real question is if they are regulated and licensed to operate there.

[Kusman]

We can see Bitcoin ATMs at many places now. And as far as I know, USA is the country which has the biggest amount of Bitcoin ATMs now. According to a website, there are 42266 Bitcoin ATMs there. This is really an insane amount. You can come across them nearly everywhere there I guess.

[monmoynatt]

Now a days Bitcoin ATM spreading all over the World. Bitcoin now Very Popular and it being more popular day by day. In covid situation Bitcoin using more and more. Bitcoin ATM in gas station it is good new for all Bitcoin lovers and i think Bitcoin will use not only ATM in Gas station it will use all sections within short time, i strongly believe it.

[Timelord2067]

Previously what I’ve often just seen shared locally is a gasoline station and other businesses, big or small, accept bitcoin payment.  Then now there is an ATM.  Well, it's not new to me because I've seen something like this in other conversations.  But that's it, maybe it's in another region, and it's in another as well.  This is just one of the signs that Bitcoin is expanding its reach and its adoption.  There will also come a time when we will experience using that.

I've noticed over time that service stations and local convenience stores here have at least one ATM within their premises in part as a way for people to get cash for small items instead of the cashier asking if the customer wants "cash out" with their EFTPOS purchase.  (I can't even recall the last time a cashier anywhere asked me if I want cash out).

I'm wondering if by having BTC ATM's inside service stations/convenience stores whether or not this is a first step towards offering bitcoin transactions instead of fiat EFT

[isaac_clarke22]

~

That's quite sad. I just hope that you can still trade Bitcoins in your country. Having Bitcoin not being legal tender does not make it illegal though. At least people can still somehow do some behind the scenes transaction where they can use Bitcoin under the radar without the authorities knowing. Just not gonna be too noisy.

[Kez1817]

Proliferation of bitcoin ATMs anywhere in every country is a great development of bitcoin but unfortunately bitcoin ATM is just limited in an open countries that support cryptocurrency. Maybe next time not only in gas station but also in different public places, where people can easily access their bitcoins using bitcoin atm. Hopefully we can also have bitcoin atm in our country.

[Wiwo]

A new Bitcoin ATM was installed in my neighborhood last week and a lot of people are complaining about the security requirement because to use the ATM you will need a passport for some form of KYC.

[Timelord2067]

A new Bitcoin ATM was installed in my neighborhood last week and a lot of people are complaining about the security requirement because to use the ATM you will need a passport for some form of KYC.

That's the exact argument coin mixers use to justify their services.  Privacy.

If you buy bitcoin from an ATM that knows *you* have a wallet address 3soMeRanDom1oRoTHerXXXXXetc (according to the blurbs at least) "THEY" can track where and what you spend your funds on.

BTC ATM's in gas-stations may not be for everyone.

[bakasabo]

A new Bitcoin ATM was installed in my neighborhood last week and a lot of people are complaining about the security requirement because to use the ATM you will need a passport for some form of KYC.

How does this happen? You approach an ATM and there is guy next to it asking to provide a passport? Or you enter private information (like passport Nr.) in ATM's UI ? Or present a passport to a laser and it scans info and then proceed to next UI screen? If there is no person involved in "checking passport" then anyone else passport can be used. And that is in my opinion is illogical.