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This is pretty cool and all but I don't really see the use case for a btc ATM. Maybe if the shop offered 10% off on some coffeeif you paid With btc, but the ~1
by Moral_ 13y ago
This is pretty cool and all but I don't really see the use case for a btc ATM. Maybe if the shop offered 10% off on some coffeeif you paid With btc, but the ~1 hr confirmation time makes this somewhat unuseable. Plus would someone want to hagle with depositing money then paying with btc? Either way cool post and idea
- CookieMon 13y agoOnce bitcoin ATMs are in major cities around the world, you no longer need Western Union.
- sliverstorm 13y agoSo what you are saying is wire scams will be even easier to pull! ;)
- jamestnz 13y agoYou were probably kidding :-) But: from the screenshot in TFA, they require you to provide biometric identification and then they appear to apply a $1001 per day usage limit to this identity, and this is specifically in place to comply with AML regulations.
- mrb 13y ago"This is pretty cool and all but I don't really see the use case for a btc ATM" Every HN thread about Bitcoin is flooded by critics complaining it is hard to quickly and easily purchase bitcoins. Well that's probably the major use case that an ATM fulfills perfectly!