I have a choice to receive cash or a Lamassu bitcoin atm. Ya I know... weird right? I'm looking for info about running the Lamassu in California. Not sure how profitable it is. I have a friend that runs a smoke shop that is willing to let me put it in there. Anyone with experience in this? What would be the upfront costs? Thank you!
I'm exploring whether it be profitable to operate a bitcoin ATM in California. I'm wondering who is the typical user of a bitcoin ATM. Why would anyone use a bitcoin ATM instead of buying from online exchanges and transferring the money their bank account? These (USA legal) ATMs are pretty invasive to privacy. They are legally required(in the USA) to collect personally identifying information such as driver's license, fingerprints etc. I see online articles claiming several 10s of $K of transaction volumes. Who's using these machines?
Abney and Associates Tech Research: Bitcoin gets easier to buy and spend
It's getting easier for consumers to buy and spend bitcoin, the cybercurrency that has captured much of the tech world. With each passing month, Bay Area entrepreneurs are rolling out new technology for consumers to buy and store bitcoin, shop online with the virtual currency and send it to friends. Last week, a bitcoin ATM was unveiled in Mountain View -- put in a few hundred bucks, out comes a bitcoin. And more retailers -- from consumer electronics to coffee roasters and pizza delivery -- are accepting bitcoin, making it easier for consumers to choose the Internet currency over dollars. "It's all about to change over the next 12 to 24 months," said Marshall Hayner, a San Francisco entrepreneur who this month will launch bitcoin app QuickCoin. "We are going to see all kinds of people adopt it. It's going to power transactions on the Internet." Bitcoin is a cybercurrency and payments network created in 2009 by a mathematical formula as an alternative to banks and government-controlled currency systems. Bitcoins are added one at a time to the network by computer programmers around the world, and most bitcoin is bought and traded on global Internet exchanges. The Bay Area bitcoin community is filled with entrepreneurs and investors pouring millions of dollars into their projects. But for the rest of us, still buying with cash and plastic, bitcoin is a bit of a mystery. "You've got people out there who are software engineers who don't understand it," said Vinny Lingham, co-founder of Gyft, a San Francisco digital gift card app that accepts bitcoin. "It's far too complicated out there for the average consumer to understand. But that will change." Cary Peters is hoping to uncomplicated bitcoin for consumers with the ATM he unveiled at Hacker Dojo, a nonprofit shared tech space in Mountain View. His is the first bitcoin ATM in California, and anyone can use it by setting up an account with a phone number, ID, and face and palm scan, which is used to run a background check to rule out potential fraud. "Regulation has to be implemented," Peters said, a position rarely heard in the libertarian bitcoin community, but one that experts say is necessary to gain the trust of consumers. After about five minutes, the machine sends a text message that the user can start buying and selling bitcoin. Many bitcoin websites take about four or more days for transactions, and that delay doesn't work for everyone. "Something you decide you want to do today you may not want to do in four days," said Hami Lerner, a Sunnyvale resident who works in tech and visited the ATM on Tuesday. Bitcoin valuation can fluctuate wildly on any day; in February, it fell more than 85 percent in less than two hours. Recently valuation has ranged between about $450 and $500, about half its all-time high of more than $1,200 in November. Read full article at Mercury News
Hi guys, I've been trying to sell my BitXAtm kiosk for couple of weeks now. I am moving from LA to NYC and need to sell it asap. If anyone interested please let me know. You can pick it up any time or I can ship it to you. Please PM me if you are a serious buyer. Thank you.
California Bitcoin Atm Locations. 24 Hour Locations, Instant Transactions. Bitcoin ATMs are the Fastest Way to Buy Bitcoin with Cash! There are hundreds of Bitcoin ATMs in California making it one of the most crypto-friendly states in the country. Some popular operators in the state include COINworks, Bitcoin of America, LocalBTM, Bitcoin Depot, and BlockchainBTM. Most ATMs offer buying and selling facilities and let you trade other currencies as well including Ether, Dash, and Litecoin. Assembly Bill 1489 was introduced by ... Find bitcoin ATMs in California. active scam pending. L.P.B. Convenience Store - zzBit. 110 E. Anaheim St Long Beach, CA - 90813 Direction: Fiat → Crypto ATM type: zzBit Limit: $1000/day Hours: Open 24/7 Details. North County Westfield - Coinme. 272 E Via Rancho Pkwy Escondido, CA - 92025 Direction: Fiat → Crypto ATM type: Coinme Limit: $2,500/day Hours: Mon-Sat: 10:00 am – 9:00 pmSun ... Remittances via bitcoin ATMs. You can send cash-to-cash payments to your relatives or friends in other countries by using two bitcoin ATMs. From country: To country: How to start a bitcoin ATM business. Bitcoin ATM industry is relatively new, join it and start your business on the cutting edge of technology. Check-list for running a bitcoin ATM Revenue and Costs of operating a bitcoin ATM Real ... Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion. Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ...
Bitcoin: Buying from a Bitcoin ATM Machine using cash ...
MY ALL-ENCOMPASSING GUIDE TO GETTING STARTED WITH BITCOIN: https://www.btcsessions.ca/post/how-to-buy-sell-and-use-bitcoin-in-canada Today I check out anothe... In this video, I do a live bitcoin purchase from a Bitcoin ATM Machine using cash. This machine is from Coinsource and is located at 3663 S Las Vegas Blvd #4... My First Time Using Bitcoin ATM in California! - Duration: 2:46. HighOnCoins 4,103 views. 2:46. Language: English Location: United States Restricted Mode: Off History Help About ... Coinage President Cary Peters, operator of California's first bitcoin ATM, demonstrates how it works. The ATM is made by Robocoin and lets users buy and sell bitcoins for cash. Follow reporter ... Bitcoin ATM in Glendale Mall in Glendale, Los Angeles CA. Please like and subscribe for more videos like this.