Quote from: davis196 on October 27, 2017, 06:20:42 AM

Quote from: DevelopmentBank on October 27, 2017, 01:47:46 AM

My friends and I are considering building bitcoin ATMs. We're still doing the necessary research and planning and we've been looking at existing ATMs like Lamassu. Based on what they've been reporting online (and other sources), it seems to be a pretty profitable business.

We understand that there are lots of regulations involved depending on the country of residence, but we are considering just building and selling the machines, not operating them. Off the bat, are there any other important considerations we should know? Red flags? Any feedback will be appreciated.

Bulding ATMs isn`t cheap and you have to be sure that there is demand for bitcoin ATMs in your country.
I don`t think that the "build and sell" business model would work.Your cusomers will have to trust you about the quality of the ATMs.What if they don`t work properly?It`s very hard for a brand new business to build trust.
The "build and operate" business model is better for brand new companies in the bitcoin ATM business.
Good luck.

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Bulding ATMs isn`t cheap and you have to be sure that there is demand for bitcoin ATMs in your country.

sure building atm's is not cheap but they can always use a low end brand of equipment and tools in order to build it cheaply yet quality must still always be prioritize and i think there always a demand for this kind of business because bitcoin today is mostly recognized all over the world and most people theses days are now using it as an alternative to fiat money for easy transactions online and offline.

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I don`t think that the "build and sell" business model would work.

sure it would work and will be a succesful business today because of bitcoin trend.

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your cusomers will have to trust you about the quality of the ATMs.What if they don`t work properly?

i guess they need to ensure that their product will have the best quality and will run for years or decades and they can always do a warranty for their costumers to get satisfied if the products wont work properly.

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It`s very hard for a brand new business to build trust.

yes your right , its hard for a newbie business brand to build trust , but all good brands like apple are always come from newbies. and i believe they can earn trust to the public as long as they can market thier product verry well and provide the best experience to thier costumers.