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Author Topic: We neet bitcoin ATMs  (Read 3986 times)
frankenmint
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September 21, 2014, 07:21:57 AM
 #41

What we need is functional debit card which can be used as a regular card. This would avoid banks and enable people to buy stuff with their coins.

What cost are you willing to pay to get this?  Use XAPO if you don't care about the cost of doing BTC business with a debit card.

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September 23, 2014, 06:09:03 AM
 #42

Seem like in my country Serbia will be one.

According to this article  http://www.b92.net/biz/vesti/srbija.php?yyyy=2014&mm=09&dd=17&nav_id=900624
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Only is left to see if there are promising that they will have this on several other countries.



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September 25, 2014, 07:00:39 AM
 #43

ATM just provide sell and buy, we can not withdraw anything. then what is different?
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September 25, 2014, 12:39:42 PM
 #44

Yeah, yes we do, but we need to stop the ID scan and all that fucking orwelian looking shit. We need to do it anonymous FFS, otherwise it defeats the point. Look at this shit:

https://www.youtube.com/watch?v=vnm4xFC2xNo

We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.

Yes i saw this. This is totally push people out of BTC. Such ATMs should be prohibited by law!
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September 25, 2014, 02:01:53 PM
 #45

We need more security... If our Bitcoin gets stolen then what the heck am I going to withdraw...

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September 25, 2014, 03:51:46 PM
 #46

Yeah, yes we do, but we need to stop the ID scan and all that fucking orwelian looking shit. We need to do it anonymous FFS, otherwise it defeats the point. Look at this shit:

https://www.youtube.com/watch?v=vnm4xFC2xNo

We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
BTC ATMs needs to scan your identification to comply with AML/KYC requirements. If they did not do this then the ATMs would likely get shut down and the owners/operators would likely get charged with money laundering.

I think scanning ID will add somewhat level of legitimacy to both bitcoin and bitcoin ATMs.  

Depending on your Jurisdiction, it may be possible to have low-volume ATMs (less than $1000/day) avoiding any reporting requirements. I looked into this a bit yesterday and document my results in this post. While $1000/day may not be much, if every business has one, it should be possible to find one not maxed out.

Either I missed something, or the US regulations seem to more clearly allow it than the Canadian ones.


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October 08, 2014, 06:04:24 AM
 #47

Hope they come out soon.!! but looks rather Unlikely in my country for the next 3-4 years atleast.!

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