Thoughts on Bitcoin ATMs??

in #bitcoin • 7 years ago

So today my father brought to my attention that to buy a "Bitcoin ATM" machine is roughly a $16,000 investment. I just wanted to see what some of the Steemit community has to say and hear some opinions so I can share this with my father.

Is it a wise investment and how much percentage does the investor pocket?

I know there is only 2 ATMs in Manhattan and my father was thinking to branch out into other locations around New York. So I'm just curious to see what people have to say and looking for some feedback.

-Thanks Nick

#atms #nyc #debitcard #creditcard
7 years ago in #bitcoin by
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     7 years ago 

    Need to read more about this! Awesome!

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    [-]
     7 years ago 

    Yes, me as well! Good stuff though!

    [-]
     7 years ago 

    I've looked into this and wrote a post about it 2 months ago.
    "So, I have been interested in operating a Bitcoin ATM.
    But after some research, I realize that it is not easy for a small startup to just purchase a Bitcoin ATM and place it in somewhere.
    The reason for this is because of the State Regulatory Requirements."
    https://steemit.com/bitcoin/@chronogn/how-state-regulatory-requirements-prohibit-operations-of-bitcoin-atms

    [-]
     7 years ago 

    have to fight the regulations, its deregulated!!

    [-]
     7 years ago 

    I appreciate the feedback thank you!

    [-]
     7 years ago 

    it has no real use. After all it takes an eternity to transfer a real Bitcoin. Maybe Bitcoin cafe's plus wifi, library and childrens' corner might be something, so ppl can use the time while waiting for the transaction.

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      [-]
       7 years ago 

      Thank you for the feedback!

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         7 years ago 

        This post has received gratitude of 0.40 % from @appreciator thanks to: @brandonscalera.

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           7 years ago 


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