this is a good idea for bitcoin development in the future, but it will be risky at every regulation in every region, no one can guarantee the project will be successful or not
This sounds like a great way to support the cause towards mass adoption of cryptocurrency, but I wonder about regulatory hurdles? It would be great if you can expand further in that respect.
One thing we've learned in the ATM business is that there is usually a way through the regulatory hurdles. It requires persistence, creativity, and money to get past them. We've got the former two, and while we do have some venture capital money, we think a big bankroll from the UpToken sale will make a big difference!
Hi there! I like the idea of crypto ATMs, but aren't people use smartphones to change currency or cryptocurrency? And what is the meaning of the uptoken, what is it and how is it connected with ATMs? I dont see any necessary connection in here between ATMs and uptoken.
There are three problems with smartphone purchases:
- Smartphone purchases of crypto require integration with your bank account, which gives some people the willies.
- Online purchases usually require a waiting period for new customers (to avoid fraud)
- Most importantly, a lot of the world doesn't have a bank account. We want a crypto ATM to be their bank!!
Is there a particular reason why UpToken is an eth token instead of an OMNI asset?
Also, what's the ICO price in BTC? ETH?
My business partners insisted on an ERC-20 token, but I feel confident that UpToken will benefit Omni (that's why I'm involved - I want to see "An Omni ATM on every corner")
For the pricing details, I refer you to the terms of sale at
UpToken.org - there's a lot of detail you need to know if you are thinking of participating.