Should BTM Companies Offer Altcoins In Their ATMs?
In December 2015, it was announced that Lamassu had struck a deal with Dash that meant that it will offer Dash along with Bitcoin as an alternative coin in all its BTMs. Are they needed? CoinTelegraph decided to conduct a survey of BTM owners to know their opinion on whether BTM companies should offer altcoins in their ATMs? If they ever tried it, what was the user response like? Eric Grill, the founder of CoinOutlet Inc. said: “I think it’s a great idea if there is a demand for it, We have not seen any demand for it. Blockchain ATM’s are an easy on and off ramp for fiat currency to....
Related News
BitSell plan to offer a $150 Bitcoin ATM. They are crowdfunding their project on Indiegogo. Purchasing Bitcoin or altcoins through an online exchange can be time-consuming and frustrating. To ease this process, entrepreneurs developed Bitcoin ATMs, which function similarly to traditional ATMs, but transfer cryptocurrency rather than paper bills. Bitcoin ATMs have become quite popular. They have been installed all over the world - from Los Angeles to Honk Kong to Africa. Despite their popularity, Bitcoin ATMs are quite expensive. Even Skyhook, branded the low-cost Bitcoin ATM option, costs....
Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut Down in Singapore to Comply With the Central Bank’s Guidelines Cryptocurrency ATMs are closing down in Singapore to comply with new regulations published Monday by the central bank, the Monetary Authority of Singapore (MAS).....
Interested in becoming a bitcoin ATM operator? ATM Marketplace, an ATM industry resource, has released a 40-page guide on bitcoin ATMs that explores every aspect of the business opportunity. The report is titled, "Bitcoin ATMs 101: Opportunities for the IAD." IAD stands for independent ATM deployment. The guide, the first to examine the emerging cryptocurrency ATM market, notes bitcoin ATMs offer an efficient and secure way for people to buy and sell bitcoins. ATMs are an alternative to bitcoin exchanges that many believe are more susceptible to hacking and fraud. Bitcoin ATMs shoulder the....
Bitcoin ATMs are becoming increasingly redundant. Innovative bitcoin service providers and companies are transforming existing bank and public ATMs into bitcoin machines by installing their signature software. In countries like Taiwan, South Korea, the Philippines and Switzerland, users can visit literally any convenience store, bank ATM and subway teller machine and see a bitcoin option. Bitcoin companies are developing software that are applicable to existing ATMs and allowing users to utilize machines located nationwide to either purchase or sell bitcoin. As a result, bitcoin ATMs have....
Lamassu Bitcoin ATMs open source code can be modified to support Ethereum and also interact with smart contracts on Ethereum network. Automatic Teller Machines, known across the world by its abbreviation – ATMs were revolutionary machines that made banking convenient for billions of individuals across the world. ATMs made people avoid visiting their bank branch for regular cash withdrawal, deposit, check deposit and other transactions. Today ATMs are prevalent, with at least one ATM in each block. Banks are adding new features to their ATM networks, enabling people to even pay their....