Will bitcoin ATMs do well in the future? - Quora

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
submitted by jamesassoc1 to abneyandassoc [link] [comments]

How to Use a Bitcoin ATM 2019 - YouTube how to buy bitcoin tutorial using a bitcoin atm - YouTube How to use a Bitcoin ATM - YouTube Bitcoin ATM - I went to a Bitcoin ATM! How does it work ... Bitcoin purchasing at Bitcoin ATM - YouTube

Bitcoin ATM machine in Sunnyvale at Chevron – General Bytes Installed on August 8, 2020. Status and feedback. Reported by provider 22 minutes ago: Online. Based on user feedback : Available. Score 0 Show votes Please share your experience using this cryptocurrency machine and leave your feedback (min 30, max 300 chars): ... Someone (owner or clerk?) posted the ATM's bitcoin send-address on the machine, so people could check the available balance beforehand, without having to show up and be disappointed. This came in handy. I checked the 2 transactions on my phone that I had made with that machine, and indeed they came from the same bitcoin address. Even the change ... Bitcoin ATM machine in Sunnyvale at Chevron – BitAccess Installed on June 2, 2018. Warning: Based on user feedback this ATM is not available at this location anymore. Status and feedback. Reported by provider 1 hour 20 minutes ago: Offline for 2 months 9 days. Based on user feedback : Off / Moved / Closed. Score 0 Show votes. Previous feedback: July 30, 2020. talked to the cashier/owner ... Find Bitcoin ATM’s. Use this map to help find Bitcoin ATM locations. This map can show you a variety of things including the fee %, location, nearby amenities, type of machine, and type of transaction. If you have used an ATM and would like to add information about any of the things please use the ‘Report ATM’ button. Bitcoin ATM has the potential to do well and reaching out to the mass majority. An ATM that instantly dispenses Bitcoin would be key. That is, the ATM should dispense a paper wallet. That would allow the ATM to reach out to customers who are new...

[index] [7692] [7378] [31251] [12523] [1614] [34886] [35558] [51295] [36975] [1326]

How to Use a Bitcoin ATM 2019 - YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. I will show how to buy bitcoin from a Bitcoin ATM. We are using the genesis where you can buy or sell Bitcoin We will use our Coinbase app as a wallet. Use C... Bitcoin this is how easy it is!buy bitcoin directly at ATMinstantly receive your coins One super convenient way to purchase bitcoin is with a bitcoin ATM. Here is a step-by-step guide! Note: Regulations differ for ATMs depending on where you're...

#