|
|
TrailingComet
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 12:13:02 PM |
|
I am an Axis customer as well Good, solid bank, no tech pioneers though
|
|
|
|
Daniel91
Legendary
Offline
Activity: 3374
Merit: 1824
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 12:34:14 PM |
|
WOW this is really great news! I hope many other banks will follow it. Have dream that soon I will be able to walk out to my nearest ATM machine and cash out my salary in bitcoin
|
|
|
|
ljudotina
Legendary
Offline
Activity: 1260
Merit: 1029
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 12:45:58 PM |
|
Arn't Banks evil? Dont they want BTC dead? Or is it just that they keep their friends close, but theit enemies even closer? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
thepenmen22
Newbie
Offline
Activity: 16
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 01:31:02 PM |
|
Wait I don't understand how this would work. How would someone deposit/withdraw money from this? There is a slot but wouldn't that be for a credit card or something? How would someone go about using this machine?
I would assume that this could only be used to deposit money to convert to bitcoins, right?
|
|
|
|
Nabu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 01:36:47 PM |
|
hot news arrived to India by elephants
|
|
|
|
ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 01:44:16 PM |
|
Arn't Banks evil? Dont they want BTC dead? Or is it just that they keep their friends close, but theit enemies even closer? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) lol, i was thinking the same thing about that one. But when u think about that, bitcoin may also be banks friend in some way, since people still need to use them to fund accounts on exchanges, and therefore banks also get their fee. Perhaps certain banks are are ignoring bitcoin at this stage, considering it as something else rather than a threat.
|
|
|
|
banque
Newbie
Offline
Activity: 28
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 02:43:27 PM |
|
With an hour average time to get 6 verifications for a trans to be final, how can they offer an ATM service?
Unless they are just allowing you to send btc from an existing account to what a long address you type in? Sure they have the ocr tech tied into btc, but the interface is what? Existing account to accept btc? Existing account to send btc to then do what, wait an hour for the funds to be liquid?
I'd have to see it in action to understand if it makes sense, I know other atms for btc are popping up too, canada has some and I think some are in orlando if I remember right, but the hoops seem hard for a bank to use, the other atms were from btc based companies, so they must have an account protocol, just my speculating on the whole thing, since I have yet to see one in action and read a solid explanation of how they work, do you need a btc account with the atm service, can any btc wallet be used, what ocr app are they running, etc.
I know for restaurants you can now scan an ocr bill in your iphone and send btc to the restaurants wallet, so it must use a similar ocr tech.
But you still have the hour delay in a final transaction, so deposit only and come back in an hour?
That kinda of defeats whole aspect of atms.
Now if they are actually creating accounts to HOLD BTC in that would be bigger news a major bank creating btc based accounts so you can liquidate them at an atm.
Usually POS systems sell a service or goods that isn't that much, under 100 bucks like a minor food/bar tab and they route through a simple merchant app to create the ocr for the transaction, but they are subject to the buy not going through and being rejected.
BTC is moving so fast and creating so many new techs and ways to move it around it's mind boggling almost.
|
|
|
|
Radelderth
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 02:46:42 PM |
|
Awesome news, if every bank start to accept bitcoin then bitcoin would be the new currency..
|
|
|
|
matt608
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 02:54:40 PM |
|
hot news arrived to India by elephants
The bitcoin community should crow-fund the hire of elephants and have them decorated with the bitcoin logo so localbitcoins sellers in India can then ride around on them selling bitcoin.
|
|
|
|
scribbles
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 04:22:47 PM |
|
Wait I don't understand how this would work. How would someone deposit/withdraw money from this? There is a slot but wouldn't that be for a credit card or something? How would someone go about using this machine?
I would assume that this could only be used to deposit money to convert to bitcoins, right?
Put cash in, get paper wallet with equivalent btc balance out.
|
|
|
|
RocketSingh
Legendary
Offline
Activity: 1662
Merit: 1050
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2014, 10:46:04 PM |
|
Wait I don't understand how this would work. How would someone deposit/withdraw money from this? There is a slot but wouldn't that be for a credit card or something? How would someone go about using this machine?
I would assume that this could only be used to deposit money to convert to bitcoins, right?
Imagine you are buying from a local bitcoin seller in face to face meet. Just the seller will be replaced by the ATM.
|
|
|
|
|
karlb187
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 100
Need To Contact Me? Go To My Site!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 01:52:36 AM |
|
nice. Bitcoin will take over the world! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
RobDeleu
Newbie
Offline
Activity: 3
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 02:23:58 AM |
|
Well, this certainly helps. The more exposure, the better ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
BitCoinDream
Legendary
Offline
Activity: 2366
Merit: 1204
The revolution will be digital
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 09:37:18 PM |
|
Well, this was actually a morning trivia. The way u guys showed enthusiasm, AXIS bank got spooked and deleted the post fearing probable RBI enquiry... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
Kipsy89
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 280
Merit: 250
Relax!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 09:44:44 PM |
|
Awesome! It's always a great thing when people with a lot of followers tweet something about bitcoin or simply mention the term! Overstock is doing a great thing with their TV ads. Man, those are exciting times we're living in!
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 09:47:29 PM |
|
I'm getting some error and can't see the tweet? Anyone else? SS maybe?
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
BitCoinDream
Legendary
Offline
Activity: 2366
Merit: 1204
The revolution will be digital
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2014, 09:49:37 PM |
|
I'm getting some error and can't see the tweet? Anyone else? SS maybe?
Please read my post just 1 post above yours. The answer is there ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
|