The Bitcoin ATM Market and Its Potential

Table of Contents

Bitcoin ATM – Digital Currency

With the election over, many anticipate deregulation and a big spark in the digital currency market, aka Bitcoin ATM, in the US. This is also expected in Europe.

News

In-depth review of Fintech in 2025 — Fintech 2025 document — The Age of the Fintech Hyperscaler. We’re so back. The vibe shift is noticeable. The companies that survived winter are moving into new geographies and cross-selling. We’re at the dawn of the Fintech hyperscaler, with Nubank over 100m customers, Klarna at 85m and Revolut snapping at their heels at 50m. The infrastructure is shifting. Stripe and Adyen are snapping at the heels of Chase. The Neobanks are rebundling finance and new payments rails are showing signs they could challenge the card networks. The incumbents had a great year, but never had more capable, scaled challengers, now powered by AI.
Bitcoin ATMs in C-Stores in Texas Now—Chicago-Based digital currency platform company CoinFlip announced in a press release Thursday that it’s working with Fort Worth-based Yesway to install 45 Bitcoin ATMs in several of its Yesway and Allsup stores across five states. Yesway has locations throughout the Midwest and Southwest, and the kiosks will be installed in stores in Iowa, New Mexico, South Dakota, Texas, and Wyoming.
Digital financial assets law in California upheld — “The law’s common-sense restrictions, including a $1,000 daily limit at crypto kiosks, protect consumers from fraudulent transactions and limit the use of kiosks for illicit purposes. The Department will continue implementing this important legislation, which will strengthen responsible innovation in the state’s crypto industry and protect Californians,” said DFPI Commissioner Clothilde Hewlett.
Minnesota New Crypto Laws—The new legislation requires all ATM operators to disclose full terms and conditions to customers and warn them of the risks of fraud. It has also established a daily transaction limit of $2,000, which limits the amount that investors could potentially lose through fraudulent activity. This helps curb money laundering.

Events

See Bitcoin Market Update (kepro)
Coinme-Enabled Coinstars get hacked

Multiple members have been very involved in the Bitcoin ATM market. Immediate recommendations include:

bitcoin machines

Introduction

Ok, what about the ATM aka Kiosk? What’s the difference between them?

For reference we do keep a running blog on Flipboard covering Bitcoin and yes, even crypto in general..

Bitcoin kiosks look like traditional ATMs, but do not connect to a bank account and instead connect the user directly to a Bitcoin wallet or exchange. While some Bitcoin machines are traditional ATMs with revamped software, they do not require a bank account or debit card.

A BATM is a kiosk that lets you buy Bitcoin using an automatic teller machine or a dedicated Bitcoin Kiosk. Some offer both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are the same as ATMs but are similar.

These kiosks are self-service machines connected to the Internet. You use cash or credit card in exchange for Bitcoin. They look like traditional ATMs, but they connect the customer directly to a Bitcoin exchange for a convenient way to purchase Bitcoin in person. Conventional interchange fees with banks are eliminated. Common locations are retail stores, shops, taverns, restaurants, malls or airports.

Bitcoin Kiosk History

On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is understood to be the world’s first publicly available Bitcoin machine. Robocoin ceased operations in 2015. The first machine in the United States went online on February 18, 2014, in a cigar bar in Albuquerque, New Mexico. It was removed 30 days later. On December 8, 2013, Europe’s first Bitcoin machine was installed in Bratislava, Slovakia.

Video

Here is a video example of a typical customer using a Bitstop ATM

Using the BitStop ATM

bitcoin.com/bitcoin-atm/
coinstar.com/bitcoin
wikipedia.org/wiki/Bitcoin_ATM
kiosk.com/market-solutions/bitcoin-atm/
digitalmint.io/
nationalbitcoinatm.com/
paxful.com/buy-bitcoin-kiosk
coinflip.tech/

PostCounter: 180

Bitcoin ATM aka Bitcoin Machine