Lamassu: Bitcoin ATM Owners Earning Up to $36,000 Per Year

RoboCoin, The $20,000 Bitcoin ATM, Now Available For Pre-Order

RoboCoin, The $20,000 Bitcoin ATM, Now Available For Pre-Order submitted by coolcityboy to Bitcoin [link] [comments]

I own a Bitcoin ATM and here are my thoughts on what needs to be changed...

My Lamassu displays the total price of 1 btc on the screen at all times. I believe this should immediately be changed to what $1 can buy in Bitcoin. All the people that saw my machine said they did not have 500$ to buy a Bitcoin and a lot of complications arise from listing the price like this. If we list the price of how much 1$ can buy you in mBtc or bits this would look a look better and more attractive. If someone can help build this advancement on the main screen that'd be great. I posted the topic here: https://github.com/lamassu/lamassu-admin/issues/43#issuecomment-43493250
submitted by bitcoinfans to Bitcoin [link] [comments]

Bi-Daily Crypto News Recap: Cryptocurrencies see flush of green as Circle launches dollar-backed stablecoin and Bitmain officially applies for IPO

Crypto News

Sources:
https://cointelegraph.com/news/bitmain-files-draft-application-for-listing-on-hong-kong-stock-exchange https://www.ccn.com/bitcoin-giant-bitmain-finally-files-ipo-in-hong-kong-emphasizes-328-yearly-revenue-growth/ https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/ https://cointelegraph.com/news/breaking-circle-internet-financial-launches-stablecoin-usd-coin https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/ https://www.ccn.com/newsflash-bitcoin-unicorn-circle-launches-usd-pegged-cryptocurrency/ https://www.coindesk.com/fedex-joins-hyperledger-in-blockchain-consortiums-latest-expansion/ https://www.ccn.com/the-last-frontier-robinhoods-commission-free-crypto-trading-goes-to-alaska/ https://bitcoinist.com/lamassu-new-line-crypto-bitcoin-atms/ https://cointelegraph.com/news/porsche-increases-investments-in-new-technologies-with-focus-on-blockchain-and-ai-startups https://cointelegraph.com/news/ukrainian-national-bank-considering-launching-state-digital-currency-tied-to-local-fiat https://cointelegraph.com/news/us-sec-seeks-sanctions-against-individuals-behind-alleged-crypto-scam-plexcoin https://www.coindesk.com/sec-seeks-court-sanction-against-plexcoin-ico-founders/ https://www.coindesk.com/us-dairy-farmers-to-trial-blockchain-in-bid-to-track-milk-products/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Cryptocurrency ATM Market - The Biggest Trends to watch out for 2018-2025

Xpodence Research updated data for competitive structure of the Global Cryptocurrency ATM Industry to devise effective growth strategies and facilitate better decision-making.
Cryptocurrency ATM are machines or kiosks connected to internet which allow the inclusion of cash in exchange of cryptocurrencies such as Litecoin, Bitcoin and others. The ATMs generates paper receipt which allocates the money to a public key on the blockchain. Cryptocurrency or virtual currency is a medium of exchange generated and stored electronically in the blockchain using the encryption techniques for controlling the creation of monetary units and for verifying the transfer of funds.
Bitcoin, Ethereum, Litecoin and Dogecoin are few crypto coins available and are dominating the market. In some cases, the transaction entails the users to have current accounts along with the operator. Moreover, these machines are also introduced to support multiple wallets and exchanges and are programmed to support any nation currency of various denominations. Growing acceptance of decentralized means of transaction is expected to fuel the market over the forecast period.
Growing number of investors, and user confidence in cryptocurrencies, are also projected to spur the industry demand. Also, increasing mining complexity and growing awareness among the consumers for the crypto coins is further expected to enhance the demand. According to the Coin ATM Radar, the number of bitcoin ATMs is increasing at a steady growth rate of 1.72 ATMs per day.
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In 2017, Coinsource, one of the major players in the bitcoin ATM industry from California has added 14 new ATM machines in Southern and Northern California. The company installation rate has increased from 1.2 machines per week in 2016 to 2.3 machines per week making a total of 39 units in the region.
The ATM machines installed by Coinsource network are “one way” machines which is only used for buying the bitcoin but the consumer cannot sell the bitcoin. Two-way ATM machines globally represent only one-third of the supply (approx. 30%), which also allows consumer to sell the crypto coins, i.e., bitcoin for approved cash and one-way ATM machines two-third of the market share around 70%.
However, companies such as Lamassu are installing the Ethereum ATM’s. The processing time of Ethereum ATM’s is quite less as compare to the Bitcoion ATM’s. An Ethereum ATM takes few seconds for completing a transaction whereas Bitcoin ATM takes around 10 min to complete a transaction. Lamassu has launched approximately 196 ATMs holding a noble share in crypto ATM in the international market.
However, the issuing fee associated with transaction made for buying the crypto coins is expected to restrain the market. Furthermore, the providers and manufacturers of the ATM machine are different results in support issues and less efficient ATMs which is also anticipated to hinder the industry.
Obtain Report Details with technological advancement at https://www.xpodenceresearch.com/Reports/Cryptocurrency-ATM-Market
North America region remains the dominating region in terms of value and volume owing to the maximum installations of ATMs in the region such as U.S., Canada and is also expected to dominate the market share over the forecast period. The region is then followed by Europe, Asia Pacific and Latin America. The Key manufacturers in the market include Genesis Coin, General Bytes, Lamassu, Coinsource, BitAccess, Covault, and BitXatm.
About Us:
Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe.
We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements.
The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.
Contact Us:
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Email: [[email protected]](mailto:[email protected])
submitted by mansee36 to u/mansee36 [link] [comments]

Various Bitcoin "ATMs" with KYC/AML aspects briefly listed. (22 brands)

Bitcoin "ATMs" (AKA vending machines/kiosks/branches/BTMs/CTMs) continue to spread around the planet. Here is a current snap-shot of most of the manufacturers with some further information about their products.
Just as operators of various machines may decide on what colour or graphics the machine has, operators may also have optional Know Your Customer (KYC) and Anti-Money Laundering (AML) features at their disposal. Companies like BitPay, Coinjar, Kraken, Mt Gox (did), Bitstamp, Coinbase etc require your ID. Our face is the biometric most commonly used by people and governments alike for ID. Fingerprints are less commonly utilised as a biometric ID by governments. Banks commonly use our face as a biometric ID.
1W=cash to bitcoin (one way). 2W=cash or CC to bitcoin and the reverse, "Cash out" (two ways)
AML aspects would typically include daily transaction amount limits. Operators may set AML limits on their machines.
Here is one apparent operators thoughts: (I hope re-posting is OK)
"I operate a Lamassu kiosk and while the manufacturer has recently developed software enhancements to comply with KYC/AML regulations, I have chosen not to implement them. Yeah, my ass is on the line here, but I've used the Robocoin machine and felt it was very intrusive. I like the idea of anonymity and I don't want to have to keep records of my customers' identities and monitor their private transactions. That's not Satoshi's way, nor is it mine. So far, I'm operating well under the radar and I'm not very worried about it (though some attorneys have warned me that I am taking a huge risk by following this path). I have a FinCen license, but there are no final state licensing regulations (yet), so until they tell me what I have to do to stay out of jail, I will continue to operate my machine as it was shipped, without collecting personal information from the users. The only "compliance" feature I've turned on so far is a maximum transaction limit of $500 USD. This is partly to avoid having to file Suspicious Activity Reports, but mainly to keep me from running out of bitcoins on a daily basis." - by Magg0tt
submitted by BitcoinOdyssey to Bitcoin [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

Asia's 1st Public Bitcoin Vending Machine launches Friday Feb 28th

Singapore-based Bitcoin Exchange launches Bitcoin Vending Machine at Citylink Mall
Singapore, 28 February 2014 – Singapore-based firm Bitcoin Exchange Pte Ltd (“Bitcoin Exchange” or the “Company”) today launched Asia's first Public Bitcoin Vending Machine at Citylink Mall at 1 Raffles Link. The Company is the first operator in Asia for the Lamussu Bitcoin Vending Machine.
The availability of Bitcoin Vending Machines has been making waves globally. This launch is a significant development in Singapore which has a fast-growing Bitcoin community. This will contribute to the growth of merchants accepting bitcoins as a form of payment.
“We are glad to be Asia’s first operator for the Lamassu brand of Bitcoin Machines. This user friendly machine allows bitcoin buyers to convert cash to bitcoins in less than 15 seconds. The Bitcoin community in Singapore is growing rapidly and this math-based currency is an attractive option for e-commerce and storefront shops alike. Bitcoins users do not have to pay financial intermediaries like banks transaction fees. This translate to cost savings for consumers. We are happy to bring this potentially groundbreaking technology to Asia and Singapore,” said Ms Zann Kwan, Executive Director of Bitcoin Exchange.
Located in basement one (#B1-K2) at Citylink Mall, the Bitcoin Vending Machine scans a Bitcoin QR code and send bitcoins to the users Bitcoin wallet, which could be a mobile wallet or a printed paper wallet.
Bitcoin Exchange has plans to install more Bitcoin Vending Machines by the end of 2014 at public venues with high traffic flow.
“We are Bitcoin lovers and truly committed to building up the community in Singapore and the region. Our strategy is therefore to remain independent and place our Bitcoin Machines at public venues to heighten the access of Bitcoins,” added Ms Kwan.
The Company is also exploring opportunities to bring the machines to neighbouring countries in South East Asia.
"Bitcoin price volatility has been high, however as adoption grows and the technology matures, most people expect the price swings to moderate," according to Ms Kwan.
Tonight at 7pm on site, there will be a launch party. The media and public are welcome to try out the machine. The first 50 users will receive S$5 in cash and a paper wallet as a way of introducing Bitcoin to Singapore. For media, please kindly contact Zann Kwan at [email protected] for your attendance.
Zann Kwan, CPA, FCCA, CFA
www.bitcoinATMsg.com
[email protected]
+65 9657 8313
submitted by bitcoinliberty to Bitcoin [link] [comments]

Building a Bitcoin ATM

What software and hardware are required to create a Bitcoin ATM? Does anyone have any idea how to build an ATM as Lamassu.is?
This is the Bitcoin Machine. Here's how it works:
submitted by rodrigohenrik to Bitcoin [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to Bitcoin [link] [comments]

Buying Bitcoin from a Lamassu Bitcoin ATM Lamassu Bitcoin Machine Demo - Bitcoin 2013 - YouTube Lamassu - Starting a Bitcoin (ATM) business - YouTube ATM Bitcoin Machine - Lamassu Lamassu Bitcoin Machine, Turns Your Cash Into Bitcoin In 15 Seconds

Lamassu has reported its bitcoin ATM operators now process an average of $20,000-worth of bitcoin each month, while units placed in prime locations receive as much as $40,000–$60,000 in monthly ... Bitcoin ATM Germany - find bitcoin machine location . Bitcoin Geldautomaten verzichten Bitcoins für Landeswährung (Johnny Cash), und wenn die Maschine bidirektional ist, kann es zusätzlich Geld für Bitcoins verzichten. Bitcoins sind die des Käufers Bitcoin Wallet (über gescannte QR-Code auf der Käufer Mobilgerät oder Papier Geldbörse ... Lamassu. In 2013 we invented, designed and shipped the world’s first Bitcoin ATM, which we called the Bitcoin Machine. Five years later, with a bustling cryptomat industry, we present a whole new level of multi-cryptocurrency machine. View. LocalCoin. Localcoin is a Toronto-based company whose mission is to provide a simple buying/selling experience of digital currency for customers while ... Software that controls the Lamassu Bitcoin machine - Yoyae/lamassu-machine-monoeci Lamassu. Lamassu, a Switzerland based company, is the oldest BTM manufacturer around (since 2013). Lamassu machines are open-source and support Bitcoin, Zcash, Ethereum, Bitcoin Cash, Litecoin, and Dash. You can add additional coins manually if needed. Lamassu has four different Bitcoin ATM models: Gaia

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Buying Bitcoin from a Lamassu Bitcoin ATM

Lamassu Bitcoin Machine Demo - Bitcoin 2013 - Duration: 0:33. Lamassu 32,234 views. 0:33. How to CORRECTLY Solder A Vertical Copper Pipe (Complete Guide) GOT2LEARN - Duration: 13:48. ... I was able to get started with Bitcoin in less than 15 seconds using actual cash and this Bitcoin Machine at CES. Check out the video and for more informatio... Starting a Bitcoin (ATM) business - Zach & Josh Harvey, Co-Founders of Lamassu https://www.meetup.com/Bitcoin-Meetup-Switzerland/events/238794401/ http://bit... Buying $1 worth of Dash on a modified Lamassu machine in Panama. Cash to Bitcoin in under six seconds - but we took our time on this Bitcoin Machine demo. Find out more: lamassubtc.com/ Bitcoin 2013 Convention - San Jose, ...

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