ATMIA, Tremont Capital Group Releases Report on Bitcoin ATMs

The ATM Industry Association (ATMIA) has published a report titled "An Introduction to Bitcoin ATMs", providing the industry's first in-depth view of bitcoin and its implications for the ATM world. The ATMIA commissioned the report, which was written by Tremont Capital Group, a leading consulting firm specializing in the ATM industry. "We've been asked as an industry body to comment on the significance of bitcoin and digital currencies to the ATM and cash industries," said Mike Lee, the association's CEO. "This paper is our first report of many which will enable us to draw some logical....

The ATM Industry Association (ATMIA) has released a new report that aims to encourage the nascent bitcoin ATM sector to adopt standards that promote consumer protection and security. The paper is the second report issued by the non-profit industry association on the subject of bitcoin ATMs this year, following a March release that assessed how both bitcoin and bitcoin ATMs could more broadly affect the traditional ATM market. Building off the first release, the most recent report suggests that the bitcoin ATM industry needs to adopt methods of self-governance now, before its products are....

ATMIA has started a forum for institutional ATM deployers where ATMs operating banks and financial institutions can com together, network and discuss about solving issues plaguing the ATM industry. Automatic Teller Machines or ATMs are the quickest and the easiest way to obtain cash. Another option is to walk into a bank, fill a form, wait for your turn, and hand it over to a teller and collect cash. The ATM Industry Association (ATMIA) is a global association of ATM operators. The association recently announced the creation of Financial Institution ATM Deployers Forum – a new committee of....

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs)....

The government’s plan to regulate cryptocurrency exchanges in Hong Kong could mean ATMs may also be off-limits, the group claims.