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.
I haven't too much information and knowledge about Lamassu. But if those reports that are saying that it's profitable to start operating your own bitcoin ATM business there, go for the goal.
But don't just rely with those reports, keep n conducting your own research and it's the best way to believe on your reports because you did it by yourselves.
Why not give it a shot that you'll also operate those ATM's before selling to interested people or just have a business venture. Good luck with your business.