Crypto ATM firm 'Bitcoin Depot' will go public on Nasdaq starting July 3

[TheUltraElite]

The bitcoin ATMs seem to be accumulated in some specific countries as per the coinatmrader website and I guess that follows the local government rules and regulations. I would like to see them come to more countries but I guess this will follow the same order as western companies did gradually moving to eastern countries.

I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.

Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.

[Velemir Sava]

Crypto/Bitcoin ATM does help in Bitcoin adoption but they are not the best place to buy or sell Bitcoin. The reason being high transaction fees, less to nil security and you might also face technical issues. It is better to use exchanges rather than ATM.

Makes perfect sense especially the market's wild price swings, potentially affecting its stock value and investor sentiment. However, this could at least signal a shift in the way traditional financial institutions and investors view the crypto industry, which will lead to increased interest in and investment in the sector today .

[pawel7777]

I was never really a fan of Bitcoin ATMs, because I never felt the  need to use one(and there aren't any Bitcoin ATMs in the city where I live).
Bitcoin/crypto is more convenient 100% online and without having to visit a certain place outside of your house.

Sure, but if convenience is your goal, then your best bet is probably to ditch crypto altogether and stick entirely to fiat.
The appeal of ATMs is/was the ability to exchange fiat/crypto anonymously (if cash is accepted), something rather hard to do when exchanging online.

I've never used Bitcoin Depot's ATM before, but a quick google search shows that they allow btc purchases with physical cash and require phone verification + email, so something that doesn't necessarily have to be linked to anyone's real identity. For this reason I expect they might face some regulatory problems in the future, given the global tendency to crackdown on anonymous transactions.

Their debut was quite successful though, with 12% rise of the stock price:
https://www.coindesk.com/business/2023/07/03/crypto-atm-operator-bitcoin-depot-debuts-on-nasdaq-following-spac-merger/

[dansus021]

Bitcoin ATMs have been widely spread around the world that support Bitcoin. in the US there are also Bitcoin ATMs but some are also not operating.
There may be feature updates from Bitcoin Depot which will be launched on Nasdaq on July 3.

Yep, its already spread if the company really going to the Public they will get "fresh cash" from the Initial Public Offering maybe they can even expand more. But I hope a company like this expanding to outside the united states

For example, it would be great if they can expand to our home country Indonesia right  , I think bitcoin is fully comply to government rule since the function is only buy and sell right

[SeriouslyGiveaway]

Well, It may not be the biggest, but it can be referred to as one of the biggest - with over 9,000 locations worldwide. Secondly, the search engine you used, is actually not globally recognized and does not have enough data to give such accurate information about what you are looking for. So, try the search again using Google.

Coinatmradar.com is a famous website about Cryptocurrency ATMs.

I am surprised when I did not find Bitcoin Depot at coinatmradar.com. More surprised as Bitcoin Depot has 9000+ ATMs.

They have a blog post about Bitcoin Depot
https://coinatmradar.com/operator/220/bitcoin-depot-bitcoin-atm-operator/

But at the manufacturers page, no information about Bitcoin Depot ?
https://coinatmradar.com/manufacturers/

Difference between operator vs manufacturer?

[taufik123]

-snip-
For example, it would be great if they can expand to our home country Indonesia right  , I think bitcoin is fully comply to government rule since the function is only buy and sell right

LoL, that would just be a dream, Bitcoin alone is not fully recognized yet. We are still lucky to be able to trade Bitcoin in Indonesia and not be completely banned.

Expecting Bitcoin ATMs to be present again like the one that once existed on the island of Bali, it will only be a discourse that will not be realized because it collides with Regulations.

The government must have full control of Bitcoin ATMs and benefit from the taxes that will be applied.
Of course, the tax will be expensive and this will be a profit field.

[Blitzboy]

The bitcoin ATMs seem to be accumulated in some specific countries as per the coinatmrader website and I guess that follows the local government rules and regulations. I would like to see them come to more countries but I guess this will follow the same order as western companies did gradually moving to eastern countries.

I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.

Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.

Bitcoin ATM distribution is significantly influenced by the state of the law in the area. There will be a change in availability and acceptance of Bitcoin and other cryptocurrencies as their validity grows, in my opinion. Seeing Bitcoin ATMs pop up all over town is an exciting prospect for the future. In all seriousness, this would be a huge step toward making Bitcoin transactions commonplace. It is crucial to maintain optimism despite the fact that we recognize the legal and regulatory difficulties that such endeavors confront. There are many others who share your excitement for Bitcoin, and we can all work together to keep bolstering efforts to spread the currency.

[tread93]

Well done Brandon Mintz, I spoke with him a few times, I could never win their business when I was providing the internet services to BTM machines they have a family friend connection or something of that nature. Needless to say I think it is a huge win having BTMs hitting the NASDAQ! He will get a nice pay out for sure. On the other piece about Bitcoin of America those guys ignored demands from the SEC to cease and decist operations in states where they tightened up on regulations and they just kept everything as is and never did anything about it. Operators like that have it coming to them regulators are putting down the hammer on these services as of late. Other operators better have proper Anti Money Laundering and Know Your Customer policies in place now!!! If not then expect to see more of those. I think the biggest player now is Genmega/Bitstop who just merged. They are  about to take over CoinCloud, RockitCoin, and I think one other. Saw Drew Barnard at B23 and the future looks very promising in the space.  

[justdimin]

The bitcoin ATMs seem to be accumulated in some specific countries as per the coinatmrader website and I guess that follows the local government rules and regulations. I would like to see them come to more countries but I guess this will follow the same order as western companies did gradually moving to eastern countries.

I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.

Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.

Bitcoin ATM distribution is significantly influenced by the state of the law in the area. There will be a change in availability and acceptance of Bitcoin and other cryptocurrencies as their validity grows, in my opinion. Seeing Bitcoin ATMs pop up all over town is an exciting prospect for the future. In all seriousness, this would be a huge step toward making Bitcoin transactions commonplace. It is crucial to maintain optimism despite the fact that we recognize the legal and regulatory difficulties that such endeavors confront. There are many others who share your excitement for Bitcoin, and we can all work together to keep bolstering efforts to spread the currency.

That is of course true but also depends on the wealth of the nation as well. When you have it on the USA or western nations you know that people have the money for it and they will use it, you can use it on lower income nations as well, but would you do it on Somali even if they allowed it? Like let's assume Somali as a government ended up making bitcoin legal, even further, made it legal tender, would you put an ATM there? Of course not, why? Because they are a poor nation, it will not bring you much profit.

This is why it is important to remember that we are going to end up with a problem one way or another, it just has to be a different approach eventually and you will do much better on the long run and it will give you some profit in bigger economy nations.