Re: Building Bitcoin ATMs

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.

Why are you only considering to do build and sell those ATM machines. If you are one of the pioneers on Lamassu to have that type of business, the competition will not be tough to you. But expect that there will be competitors that are going to come out when they see that your business has no competitor. I'm curious about the current research that you are doing. Could you share us on what are your gathered information base on your plans and research?

This is right if I do have the knowledge and the resources on bitcoin atm's then this would really give you some serious fortune and as being said you wont really have any competition knowing that bitcoin isn't known yet globally or on most countries on the world which if there are some several bitcoin users on your place then it would be an advantage.Later on selling out or exporting these atms will extent possible income.

There's no manipulation, no competition and why not take over the whole business industry of having an ATM all over Lamassu. But if they are a start up company, it's also good to take the risk for covering all ATM's on the places where they started to conduct researches. Profit for generating transactions of Bitcoin ATM + being a manufacturer itself of those ATM's that will also entertain international orders, why not give it a try right?

No one can really stop them if they would really like to try on their business offline. Its always worth to face the risk since this is business after all.If you wont try you wont able to find out if it would have the potential to make it big.Covering all atms on the places will just really act as a test phase same as you said this will like conduct research if it do have some spark or not. If they do have the capability and resources. Why not? It really worth to try talking on bitcoin is already growing larger and larger as the years have passed and these business will really boom up.