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Archive for the ‘ATM licensing’ tag

Jul 8, 2019

Update: Building (and placing!) a Bitcoin ATM

Posted by in categories: bitcoin, cryptocurrencies, economics

A new section: Bitcoin ATM business model
has been added. Jump to “2019 Update

The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (visit this website for more information on that). You might also wish to rethink your business model —especially user-demand. That’s the topic of our 2019 update at the bottom of this article.

A photo of various Bitcoin ATMs appears at the bottom of this article. My employer, Cryptocurrency Standards Association, shared start-up space at a New York incubator with the maker of a small, wall mounted ATM, like the models shown at top left.

What is Inside a Cryptocurrency ATM?

Continue reading “Update: Building (and placing!) a Bitcoin ATM” »

Mar 11, 2018

Building a Bitcoin ATM is easy, but…

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, internet

A new section about Bitcoin ATM business models
has been added. Jump to “UPDATE – July 2019

The good news is that building a Bitcoin ATM is easy and less expensive than you might expect. But, offering or operating them engulfs the assembler in a regulatory minefield! It might just be worth sticking to selling bitcoin on PayPal (visit this website for more information on that). You might also wish to rethink your business model—especially user-demand scenarios. See our 2019 update at the bottom of this article.

A photo of various Bitcoin ATMs appears at the bottom of this article. My employer, Cryptocurrency Standards Association, shared start-up space at a New York incubator with the maker of a small, wall mounted ATM, like the models shown at top left.

What is Inside a Cryptocurrency ATM?

Continue reading “Building a Bitcoin ATM is easy, but…” »