Category Archives: Bitcoin ATM

How to use a bitcoin ATM. Sounds pretty simple but it conjurs visions of hackers, the dark web and a bank of PCs with Nvidia processors mining for Bitcoin.

If you spend any time on Yahoo Finance, you can see the Bitcoin ATM deployments are up 85% this year, thanks in part to the coronavirus.

Bitcoin ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.

The spike demonstrates the rising popularity of bitcoin as a payment mode. The fear of getting a coronavirus infection has accelerated the growth in the broader contactless payment market this year, according to Global Trade Magazine.

In brief from Decrypt article
Bitcoin ATMs are a convenient way to buy and sell small amounts of the cryptocurrency.
For small transactions, they don’t require KYC, making them easier to use than setting up an account at an exchange.
Before transacting with a Bitcoin ATM you’ll need a cryptocurrency wallet, though some ATMs can set up a paper walllet for you.
How Do I Use a Bitcoin ATM?
Nice video by CoinFlip shows how to use one..

Bitcoin ATM Industry Links

Using A Bitcoin ATM – How To

How To Use article decrypt.co How to Use a Bitcoin ATM or BATM. Sounds pretty simple but it conjurs visions of hackers, the dark web and a bank of PCs with Nvidia processors mining for Bitcoin. If you spend any time on Yahoo Finance, you can see the deployments are up 85% this year, thanks in part to… Read More »

Bitcoin ATM aka Bitcoin Kiosk

Kiosk Industry Launches Bitcoin ATM aka Bitcoin Kiosk As part of the new website design KI added a new Bitcoin ATM news section. This to facilitate the growing interest and business that the kiosk industry has experienced this year. Deployments are up 75%. Along with the new Bitcoin Kiosk News, KI has resequenced its news segments such as:… Read More »

Coinapult 300 Bitcoin Kiosks Deployed

Bitcoin provider Coinapult and Punto Pago, a kiosk operator, which will see 300 kiosks selling bitcoin to Colombians.

Source: www.cryptocoinsnews.com

I am not sure what exact clientele these machines are serving in Colombia. The main bills are mobile, telephone and broadband. Spend your pesos to get bitcoin to pay your bills

Bitcoin ATMs Cash Accessibility, Cash Free and Cashless Kiosks

We were looking through the Target Center RFP and couldn’t help but notice that “cash” will not be a accepted. Welcome to the world of “Cash Free”, mobile phones and contactless cards. We wonder if swipe will be supported almost. Given the sports teams that use the Target Center, they will have a “Court Cash” loyalty app. The… Read More »

Bitcoin ATM Bitcoin Kiosk News – Bitstop and KIOSK Information Systems Bitcoin ATM Partnership at NRF Big Show 2019

January 10, 2019 11:08 AM Eastern Standard Time LOUISVILLE, Colo.–(BUSINESS WIRE)–Bitcoin ATM pioneer Bitstop has partnered with KIOSK Information Systems (KIOSK), the largest custom self-service solution provider in North America, to create an innovative Bitcoin ATM platform enabling customers to easily buy and sell digital currency on the spot. KIOSK will be featuring the newest Bitstop ATM model at the 2019 NRF… Read More »

Bitcoin ATM – Costas Crypto Kiosks Worldwide Starting Today

Costas, Inc. (OTC:CSSI) wholly owned subsidiary, AuthentaCash, a division of AuthentaTrade Ltd. is now operational selling Cryptocoin Automated Teller Machines, referred to as Crypto Kiosks.

Source: globenewswire.com

According to  Statistica  there were 1,885 Bitcoin ATMs as of December 2017 globally. Cross-referencing with Coinradar.com, specific operating Crypto ATM’s as of 2017-12-29, were: 2005 (100%) Bitcoin (#BTC) ATMs,  699 (34.8%) ATMs w/ altcoins (#ALT) support, 662 (33%) Litecoin (#LTC) ATMs,  288 (14.3%), Ethereum(#ETH) ATMs, 156 (7.8%) Dash (#DASH) ATMs, 107 (5.3%) Bitcoin Cash (#BCH) ATMs, 10 (0.5%) Zcash (#ZEC) ATMs, 4 (0.2%) Dogecoin (DOGE) ATMs, 1 (0.1%) Monero (#XMR) ATMs, Totaling 3,933. We believe the market is highly underserved. Currently there are no known Ripple Coins (#XRM) to Costas.

Bitcoin ATM Kiosk & Bitcoin Kiosks in Grocery Stores

There are few familiar places in the regular life of a consumer other than the grocery store, and that familiarity can breed a type of trust, a sense that nothing too weird or threatening will happen there. That doesn’t mean they can’t be about innovation. Supermarkets are home to some of retail’s major and ongoing […]

Source: www.pymnts.com

Not sure I see the worth and payback either. Grocery stores still use Redbox DVD dispense.  Coinstar reminds me of digital signage (in search of an ROI).

Bitcoin ATM News – How Trump became bitcoin’s unlikely savior

As bitcoin’s spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

Source: www.paymentssource.com

Premise is that one Trump consequence is the blocking of more traditional money transfers will drive users to alternative mechanisms like Bitcoin.  I think Bitcoin is might be desperately optimistic if it is counting on Trump following thru with a blockade.  I think it more posture than possible.

ARCA and HP partnership Bitcoin ATM

  Learn more about ARCA here: www.arca.com Since 1998, ARCA has been helping people find better ways to automate financial transactions in bank branches, … Source: www.youtube.com ARCA is definitely one of the leaders in financial technology. The Alliance with HP only increases their spread.  Another smart move by a smart company. ARCA Focus Banking – financial institutions.… Read More »

ZenBox BitCoin ATM Serves 10,000 Daily Commuters At Anaheim Transportation Hub

TAGS: bitcoin ATM, vending, two-way bitcoin ATM, Anaheim Regional Transportation Intermodal Center, Mission Market Express, digital currency, ZenBox ANAHEIM, CA — A two-way bitcoin ATM has been placed the new Anaheim Regional Transportation I Source: www.vendingtimes.com Mission Market Express was the first convenience store in California to accept bitcoin, according to ZenBox, and it is now introducing the… Read More »

Bitcoin ATM Kiosk Manufacturer TurnKey Kiosks Selected by Robocoin

TurnKey Kiosks LLC announces that it has been selected by Robocoin to manufacture the world’s leading Bitcoin ATM Kiosks. The biometrically enabled kiosks let customers instantly buy, sell or transfer Bitcoins. What started with the world’s first Bitcoin ATM in Vancouver, Canada, Robocoins have now been deployed to 19 countries with 12 unique currencies and growing. From Coffee… Read More »

BitOcean Releases Two-Way Kiosks to Compete with Bitcoin ATM Market Leaders – CoinDesk

CoinDesk BitOcean Releases Two-Way Kiosks to Compete with Bitcoin ATM Market Leaders CoinDesk The new machines – the second generation developed by the Beijing-based company – are two-way kiosks, meaning they enable users to buy and sell bitcoins,… Source: www.coindesk.com BitOcean has priced its machine at $10,000 per unit, placing it mid-way between the popular Lamassu ($5,000) and Robocoin… Read More »

Robocoin Selects Fujitsu’s PalmSecure Biometrics Technology for All Bitcoin Kiosks

Robocoin to use Fujitsu PalmSecure biometric authentication as part of their global network of Bitcoin kiosks. Robocoin CEO to deliver Keynote at ATM Source: www.businesswire.com We are very excited that a cutting-edge company like Robocoin in the burgeoning bitcoin space would select Fujitsu’s PalmSecure biometrics technology for positive authentication of their account holders,” according to Randy Fox, vice… Read More »

Denver Area’s First Bitcoin ATM Kiosk

>PRWEB.COM Newswire Source: www.digitaljournal.com The company says their kiosk attendants are ready to help throughout the transaction process. That includes clearing up common misconceptions surrounding bitcoin, and explaining security risks; even sending a micro transaction to a new user’s wallet demonstrating the ease and speed of transactions on the bitcoin network. Also, according to Berger, “the opportunity to… Read More »