Bitcoin Payment Terminals vs Bitcoin ATMs: Which is More Convenient?
Making Bitcoin more accessible in a convenient manner for mainstream consumers has proven to be quite a challenge. Various Bitcoin exchanges are looking to implement more commonly used payment methods such as credit cards, whereas other enthusiasts feel there should be more Bitcoin ATMs around the world. But what if the next logical step of Bitcoin....
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Bitcoin ATMs have become one of the symbols of cryptocurrency, with multiple competing manufacturers and hundreds of units deployed around the world. Despite their growing popularity, however, Bitcoin ATMs are still vastly outnumbered by traditional financial terminals. While more Bitcoin ATMs are undoubtedly on their way, one of the best ways to reduce this disparity is not by building new units, but by converting existing terminals to handle bitcoins. This is the route being taken by Bitcoin Romania, the operators of one of the world's busiest Robocoin machines located in Bucharest. "It....
BitSent is one of the first companies to open bitcoin ATMs in Canada and is currently expanding its terminals to locations in Vancouver, Surrey, and Burnaby. Currently, the company has 11 bitcoin ATMs in operation across the country and is hoping to add more terminals internationally. In particular, BitSent will add more ATMs in the British Columbia's Simon Fraser University (SFU) campus bookstores, which is the first university bookstore to accept bitcoin as payment. "As the founder of SFU's Bitcoin club I'm proud that SFU has the first university administered bookstore in the world to....
On January 22, the Czech Bitcoin exchange, WBTCB, launched a new service that will allow Czech residents to buy bitcoin at over 8,000 terminals around the country. After completing three steps, users will be able to have bitcoin in their hands. The ATMs do not require extensive identification documents and allows for anonymous purchases. The transaction is fee is 7%, which is higher than other Bticoin ATMs. According to Czech citizen and Reddit user Kamilosas, the ATMs will vastly improve the Czech Bitcoin economy, despite the high fees.
Australia's big four bank, the Australia and New Zealand Banking Group (ANZ), has announced it will implement China's UnionPay contactless payment feature QuickPass to ANZ electronic funds transfer at point of sale (EFTPOS) terminals and ATMs throughout the Austrasia region. China's UnionPay is moving forward with its global expansion plans, announcing yesterday it had concluded a deal with ANZ that would find the bank implementing UnionPay's QuickPass contactless capability to 90,000 ANZ EFTPOS terminals across Australia. The feature will be deployed to New Zealand by the end of 2015,....
Making the traditional financials sector more secure requires a lot of technical innovation. Unfortunately, the financial sector has seen little to no innovation over the past few decades. In recent months, however, various companies have been experimenting with passwordless and contactless payments. Palm vein technology is now making its way to ATMs and merchant terminals. JCB, a Japanese payment card provider, has partnered with technology company Fujitsu to tackle the issue of making card transactions more secure. Doing so would allow JCB customers to conduct cardless transactions at....