Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Istiak on January 28, 2020, 03:29:56 PM
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Is it possible to launch the BTC atm machine globally? BTC is the most popular in the crypto world and i think its possible if Major countries allow BTC as a payment system in the local markets.
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Allowing bitcoin as a payment in the local market have negative impact to crypto users and bitcoin holders. The importance and value of bitcoin should be maintain now and tomorrow because it is the most outstanding coin that lead the pulse of cryptocurrency.
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It is only possible if government authorities in each country will allow it. That is not the case so far, some countries are still firm on their stance against bitcoin while others are still debating. Regardless, there's already a sharp increase in number last year. Check this site to have an idea how many bitcoin ATMs are currently installed per country https://coinatmradar.com/countries/
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Here our Govt won't allow to keep Bitcoin ATM since someone had placed it and the police forced to remove it from the location. Most Governments are busy to defraud the banks and the customers so they won't allow BTC or any other ATM's.
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I don't think they can launch them in jurisdictions where cryptocurrencies are banned.
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Maybe. But things like that are very prone to crime. Already many people know bitcoin. It is feared that when people take bitcoin via ATM, there will be some bad people who come. Especially if the country is still LEGAL towards bitcoin. Asks for help to whom when that happens ??
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It is possible but we need to ensure the governments to accept it. As not all governments allow the facility of crypto or Bitcoin in their countries, it won't make BTC ATM spreading globally. But I am pretty sure, it is not like a mission impossible. It is possible but not to happen in the near future.
>Check how many countries that already make Bitcoin legal: https://howmuch.net/articles/bitcoin-legality-around-the-world
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Bitcoin ATMs are already widely used but the regulations are very much influenced by various countries, for example because of the un centralized system and the privacy of the sender which makes it difficult to be legal for Bitcoin.
I also think with others that if Bitcoin is used a lot, it's getting better and for the altcoins market as well and of course cryptocurrency will be widely used in various countries as a paper money solution.
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I also believe that this is possible. And if they do, it will have a very good effect on cryptocurrency in general. Now many countries are already installing Bitcoin ATMs and it makes me very happy.
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Maybe. If the country has legalized bitcoin, there may be a bitcoin ATM in a certain place, which is definitely a place that does not cause crime. It's easier to use an ATM than having to trade on an exchange.
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Not possible because bitcoin is not a globally acceptable cryptocurrency now. When bitcoin will be global acceptance currency then it will be possible to set up bitcoin ATMs machines. But some development countries Japan, Canada and USA already set up their bitcoin ATMs machines.
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High alert is necessary to secure btc atm and customers.
Btc holders are not simple minded to withdraw their bitcoin in any machine without assurance of security.
This is possible but there are more preparation to make btc atm successful all over the world. In addition, bad people can create new ways to do the plans ahead of time.
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Not possible to establish bitcoin ATMs globally because bitcoin is not a globally acceptable cryptocurrency. When bitcoin will be global acceptance currency then it will be possible to establish bitcoin ATMs. Japan, Canada, USA and UK top most favourite countries are interested in establishing bitcoin ATMs. But next time bitcoin ATMs number increase globally.
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Can still hope as you wish because I am sure BTC ATMs around the world will be needed even if only used by some people.
This can be a motivation for all altcoins including coins like Ethereum or Ripple.
But the obstacle may be the cost of making an ATM machine and the rental tax can make the place expensive because yes everyone knows that the name of the rent is expensive.
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It's hard to now develop an ATM for Bitcoin because Bitcoin now still hasn't found a good performance to look at in terms of price.
Maybe when Bitcoin is at a high price for example above 15000 USD, then making an ATM for Bitcoin feels easy and easy.
It's easy to think that if Bitcoin is expensive, it's easy to negotiate and if Bitcoin is cheap, it's hard to negotiate!
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For now that can only be possible for country where Bitcoin and cryptocurrency has been legalize that's the only place we can see Bitcoin ATM machine, in my country I have not seen such anywhere in my country, but I only heard it on one of the cryptocurrency seminar that I attended.
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Is it possible to launch the BTC atm machine globally? BTC is the most popular in the crypto world and i think its possible if Major countries allow BTC as a payment system in the local markets.
You are right that BTC is popular globally but that is internally. Most of the county people working behind the government about BTC market and that is illegal. So we first have to ensure to legality of BTC in most of the countries in the world so that they will automatically think for wideness of BTC.
THanks.
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Bitcoin is normally used in Germany especially in Berlin. I can’t wait to visit there and experience the future.
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Bitcoin is normally used in Germany especially in Berlin. I can’t wait to visit there and experience the future.
You can definitely experience the future mate.
For now keep your heart ablaze to ignite your future in Berlin and beyond.
Cryptocurrency is moving forward.
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Still, not everyone seems happy about the growth in the popularity of Bitcoin ATMs.The state regulators is wary of the potential tax issues caused by Bitcoin ATMs.
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That makes sense. I assume that ordinary people don't mind though.
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Only for countries that have accepted Bitcoin as a legal payment instrument, establishing a Bitcoin ATM will be carried out. But it is difficult if globally, because there are still many countries that have not yet accepted Bitcoin.
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If most of the country's government allows the use of cryptocurrency, it is most likely that we will be able to see BTC ATM in every crowded place. Unfortunately, now is still not a good time as we are facing economic decline. There may be some movements which are an advantage for cryptocurrencies like unbanning it from India and South Korea but I guess with the issue regarding COVID-19, it won't become much popular and the effect is somewhat unnoticed.
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I don't think it is possible to launch Bitcoin ATM globally. Still Bitcoin is not legal in most of the countries except few countries but there are limitations on cryptocurrency. It will put more negative impact on society about cryptocurrency i think.
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It’s unclear whether some new countries have had ATMs. Nonetheless, the milestone is one worth celebrating. It means that there are even more ways for people to access their favorite crypto assets.