Grocery Stores In U.S Set To Install Bitcoin ATM

[lixer]

It is great to see the Bitcoin ATM are installed on U.S . It has its advantages and also has disadvantages. The advantage of this is that it can be used to quickly convert Bitcoin into cash. But it will be a lot more expensive Bitcoin ATMs always charge high free.

It's still more convenient compared to withdrawal from crypto to banks. The existence of Bitcoin ATM is visible proof that Bitcoin is emerging in different areas. In most cases where we're having a hard time encashing our Bitcoins, these ATMs will provide convenience for us. I hope that more countries would consider installing Bitcoin ATMs. 

Some of the advantages of it are already posted by the OP but it would be better if he also include its disadvantages. It's like we are introducing btc and cryptos. We don't want others to feel surprised and complain later on. Take note that it's not only bitcoin atm's that will be installed but there's also shiba inu atm's along with it. It sounds crazy isn't it? That they keep on pushing this meme coin.

I thought that this meme coin is close to dying already but despite of it maybe this is a good alternative for those who want to save fees and don't want to use a bitcoin atm but id be glad if other much better altcoins are also going to become available.

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[2stout]

The biggest advantage of this is exposure of Bitcoin to the masses and raising their curiosity and awareness.  Not my preference but I can understand the thought behind it since people would want more familiarity and comfort and most everyone knows how to use an ATM.

[Lucius]

Not my preference but I can understand the thought behind it since people would want more familiarity and comfort and most everyone knows how to use an ATM.

Classic ATM requires a simple operation of inserting the card, then entering the PIN, and selecting the amount to be withdrawn. When you buy BTC, the process is a bit more complicated because you have to understand some basics - you need a crypto wallet, knowing what a public coin address is and what a private key is - although some ATMs offer the option to get a private key print, but I would always prefer direct transaction.

As an additional step in the whole process, KYC can be included in the form of scanning a personal document or even verification by recording a video - of course all with confirmation by the code you receive on your mobile number.

[24Kt]

Not my preference but I can understand the thought behind it since people would want more familiarity and comfort and most everyone knows how to use an ATM.

Classic ATM requires a simple operation of inserting the card, then entering the PIN, and selecting the amount to be withdrawn. When you buy BTC, the process is a bit more complicated because you have to understand some basics - you need a crypto wallet, knowing what a public coin address is and what a private key is - although some ATMs offer the option to get a private key print, but I would always prefer direct transaction.

As an additional step in the whole process, KYC can be included in the form of scanning a personal document or even verification by recording a video - of course all with confirmation by the code you receive on your mobile number.

Once you experienced using the btc atm, it will be easier the next time around. So for me, this won't be a problem. And nowadays, it is getting sophisticated everyday. You may just use your smartphone to scan the code to proceed your transaction. So the installation of btc ATMs would be a good initiative to reach out more people to introduce the crypto market. If it is readily available, some people will use it for convenience purposes.

[The Cryptovator]

Well, installing a new Bitcoin ATM machine is definitely positive. But there should be an easier process that will encourage users to use that. I know when it comes to fiat KYC would be mandatory and since it's on US tax is a matter as well. So there should easy procedure to complete all the related tasks. And shouldn't charge a high fee to withdraw or deposit Bitcoin anyway.

[rby]

New Bitcoin ATMs are set to be installed in 59 Latino grocery stores around the United States.



A bitcoin ATM is used to purchase and trade cryptocurrencies like bitcoin using cash. More than 10,000 bitcoin machines have been placed in various locations around the US since it first became available in 2015.
As its operation will appear safe and the same as using a regular ATM that they have been accustomed to for years, it looks more convenient and pleasant to be used with those who are new to cryptocurrencies.

The Bitcoin ATM brings a number of benefits to your company, including:
1. Standing out from other companies in terms of market competition
2. Increase revenue generation
3. Create space for more clients
4. Possibilities for marketing
5. Continuing the current financial vogue.

Always cool to see bitcoin ATMs installation in rampant and in streets, it is showing us that bitcoin has come to stay and we have nothing to be afraid of about Bitcoin. Apart from the bitcoin ATM, this is my first time of hearing that altcoin has ATM. Not even a very top altcoin, but a meme coin. This will be a very goodnews for Shiba investors because it is giving hope that Shiba will last more longer.

Not everyone will spend huge money for installation without making research about the feasibility of the project. Maybe unless it is very simple to load the ATM with another coin, incase a particular project fails.

[xSkylarx]

This is a good news if the atm accepts payment from non-custodial wallet like metamask or trust wallet. But if it only accepts a centralized bitcoin wallet that is owned by a company then I would avoid using it. Using centralized wallets requires KYC and their company is regulated by the central bank of that country. So if you use that atm, the government would know that you own some crypto assets which I think is not good because it destroys the purpose of bitcoin itself.

[asimi.io]

Good thing for the stores. A step towards mass adoption. However, I don't think that those who are concerned about privacy would want to use these bitcoin ATMs for purchasing Bitcoin.
Bitcoin crypto card is really needed the company like Binance and other who work with VISA also great

[so98nn]

More ATM’s and that’s way intriguing stuff on going in USA. Im so happy to see such companies are putting efforts for the bitcoin. I'm startled with the tweet by the way, they are also trying for SHIBA ATM? Im wondering how they are going to compete with the low value distribution of the SHIBA? One will have to have millions of SHIBA to sell off to get plenty of cash. Lolz. Anyways, its good to see different coins has ATM now. Gives us more freedom to buy and sell en route.

[Pesona1]

Although a few months ago the installation of bitcoin ATMs decreased due to uncertain world geopolitical conditions, but now according to Cointelegraph the installation of bitcoin ATM machines in various worlds is starting to increase again, although not as much as what happened in 2019, but the increase that is happening now shows that the existence of ATM bitcoin is starting to happen again and is consistent throughout the june, according to available data, currently bitcoin ATMs have spread around the world about 38,000 units.



Source : Cointelegraph

[TheNineClub]

That's not a bad experiment. But it really depends where those stores are located and what demographics they attract, because that will be the biggest factor in how successfull it will be. However, the timing might be off a bit with the market being down.

[Osteoid]

Bitcoin ATMs in grocery store will not only help bitcoin holders for faster, secure transactions using bitcoin, but the presence of Bitcoin and ShibaInu ATM in a place like the grocery store where all kinds of people are present, will definitely attract people and make them feel interested into knowing what is crypto, what is bitcoin, how is it different from normal currency, etc. This  will also increase the volume of transactions of bitcoin daily, and the number of people involved in this community.

[Marykeller]

I wonder what the charges will be to transact with the bitcoin ATM since the bitcoin price is never stable. Shiba is trying harder to make herself relevant in the crypto space. This is a nice move, if I am to say. Going by the same initiative with bitcoin.
This is the kind of bitcoin adoption news I want to be listening to from other countries. Countries installing bitcoin ATMs

[AmoreJaz]

I wonder what the charges will be to transact with the bitcoin ATM since the bitcoin price is never stable. Shiba is trying harder to make herself relevant in the crypto space. This is a nice move, if I am to say. Going by the same initiative with bitcoin.
This is the kind of bitcoin adoption news I want to be listening to from other countries. Countries installing bitcoin ATMs

if nothing else, this is indeed a good move for SHIB. because if the fees are cheaper than using btc, then there's likelihood that people will try to get SHIB instead of BTC. and SHIB is now available in a lot of trading platforms which is not a burden anymore for traders. and definitely, people will get curious and maybe try to use it if it is already available within their area.