Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin ATM Project: bring ATMs nationwide! & CryptoCoin debit card [ICO]
by
Bitcoin ATM Project
on 29/10/2017, 10:51:43 UTC
https://gigaom.com/2013/11/07/first-bitcoin-atm-gets-348-transactions-in-first-8-days-now-comes-the-hard-part/
http://www.newsbtc.com/2014/02/09/bitaccess-bitcoin-atms-10k-transactions-daily/
http://www.prweb.com/releases/2014/11/prweb12342558.htm
https://www.atmmarketplace.com/articles/bitcoin-and-cash-like-peanut-butter-and-jelly/

Coinme reports that their ATM's average $100,000 monthly. The statistics are out there online that existing ATMs are generally successful, especially in the first few months at new locations furthest away from any current machines. We took these figures based on average operator reports from existing machines across various websites. The estimates we gave in the above post were using less than $100k monthly, only based on $75k, and overestimating costs to be conservative. (Also this was $100k transaction volume not profit to clarify). Realistically, even at the lowest reported average online of $30k monthly transaction volume, our fee rates would still be profitable (we took this all into account when structuring the concept). Uptoken has no set distribution plan - and they are on the west coast, we are on the east coast so we both would have good starting points. Competition in this market is good anyways because there is no large nationwide provider at all (the biggest single company in the United States is Coinsource and they have around 120 machines) - any company could easily expand the difficulty is in funding the high cost of initial machine purchases, hence the need for an ICO.