Diebold: Bitcoin ATM Attempts Have Been Flawed
The Bitcoin ATM industry is unlikely to last in its current form, according to Devon Watson, VP of global software and strategy at ATM and financial services giant Diebold. In a new interview, Watson discussed what he suggested was the uncertain future for the bitcoin ATM market, which since late 2013 has manufactured speciality machines for the conversion of physical fiat funds into digital currency. Today, more than 400 bitcoin ATMs are in operation globally, with the number of units doubling in the last year, according to CoinDesk's Q3 State of Bitcoin report. Watson, however, believes....
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CoinTelegraph speaks to Devon Watson, Diebolds VP of Global Software R&D, on a mobile driven ATM, conditions for using Bitcoin in mobile banking and implementation of Blockchain into the Diebold platform. Diebold Inc are a financial self-service, security and services corporation, incorporated in the United States since 1876. It is the world's largest manufacturer of ATMs with divisions in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. Devon Watson, Diebolds VP of Global Software Research and Development, is an owner of bitcoinCT r: 8 and a big fan of....
Gold bug Peter Schiff has been publicly confronted by his 18-year-old son, a bitcoin proponent, on the topic of value. Calling his dad’s understanding of money “Flawed,” Spencer Schiff made the statement in defense of TV Personality Max Keiser, who was having an argument with Peter on Twitter. ‘Your Understanding of Money is Flawed’ Gold bug Peter Schiff was confronted by his son, Spencer Schiff, on Monday after he accused TV personality and bitcoin proponent Max Keiser of not understanding the concept of fiat money. “According to Max Keiser, I oppose....
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Bitcoin is trading at new record highs, and the naysayers are out in droves. Skeptics range from Nouriel Roubini to Peter Schiff, and many more. And while this next challenger of the cryptocurrency’s long term value says he is “not a Bitcoin hater” like the others, he has taken the time to go over Plan B’s stock-to-flow (S2FX) model with a fine-tooth comb, and claims that the most important valuation model going is “flawed,” “faulty,” […]
Unlike the flawed banking system, Bitcoin and digital currency put the end user in full control of their money, wherever they are, at any given time. There is no central oversight, which some people see as a weakness. But stories such as what is going on in Canada goes to show how central oversight is not always preferable when the wrong people are in charge. Regardless of where one looks in the world, financial turmoil is brewing everywhere around us. Canada is no exception to this statement, unfortunately, even though the new Liberal government is planning to invest in people and the....