BTC ATMs comming to Australia

Discussion in 'Digital Currencies' started by aleks, Dec 31, 2013.

  1. aleks

    aleks Well-Known Member Silver Stacker

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    Not much info or detail just the map from the manufacturers website. Looks like Perth, Brisbane and Sydney

    https://lamassu.is/maps/
     
    aleks, Dec 31, 2013
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  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    whinfell, Dec 31, 2013
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  3. aleks

    aleks Well-Known Member Silver Stacker

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    I just read that there is already one up and running and that BXE one technically isn't the first.
     
    aleks, Dec 31, 2013
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  4. goldpelican

    goldpelican Administrator Staff Member

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    goldpelican, Dec 31, 2013
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  5. aleks

    aleks Well-Known Member Silver Stacker

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    aleks, Dec 31, 2013
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  6. aleks

    aleks Well-Known Member Silver Stacker

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    I seem to recall hearing about gold ATMs when gold was over $1700
     
    aleks, Dec 31, 2013
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  7. trew

    trew Active Member Silver Stacker

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    OK so what exactly is a bitcoin ATM ?
    Just trying to imagine how it would operate.

    Would you use it to buy bitcoins by depositing cash into the machine ?
    Or would you use bitcoins you already have to withdraw AUD ?
    Or both ?

    Will users be sitting there typing in their public key into the ATM machine ?

    How long with they have to wait at the ATM until the transactions are confirmed ?

    Anybody know ?
     
    trew, Dec 31, 2013
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  8. aleks

    aleks Well-Known Member Silver Stacker

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    I think the Lamassu one can only sell for cash by printing or reading a QR code, Robocoin can do both.
     
    aleks, Dec 31, 2013
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  9. Load of Bullion

    Load of Bullion Well-Known Member

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    BTC ATMs already function. If Bitcoin is really of interest to you. I would suggest you simply check out some videos on YT regarding the BTC ATMs and see them in operation via video.
    Please realise that BTC and the technologies being built around it, are still in their infancy. BTC is still in it's infancy!.
    The transfer of Bitcoin via sound 'chirps' has also been developed. Not much is covered on this forum.
    Just check out some of the videos on Bitcoin conferences. This is a good way to get an idea of the wider platform beyond the everyday "currency" aspect.
     
    Load of Bullion, Dec 31, 2013
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