Quote from: JonMaxwell on March 17, 2018, 06:33:56 AM

when you say atm are you talking physical atm?

Yes. Cash-in/Cash-out ATMs. For persons residing (banking) in the US, the use of crypto ATMs do not really make much sense, especially considering how expensive they are (their fees/exchange rates). But, for residents of MX and other Central and South American countries these make a lot of sense, not so much in their ability to exchange crypto, but in their ability to store money and transfer money (fiat) using crypto (blockchain) as the means of exchange.

The amount of money that is remitted from CA and US to MX is significant, and expensive. We aim to make it easy and inexpensive.

When Coinsafe launches, it will legally be able to service customers in dozens of countries, but in the US, Coinsafe will only be able to [legally] service a dozen states, unless we decide to commit to licensing in all states (a $200k USD expense in state fees plus $1m in reserves for minimal net worth and bonding requirements plus legal, accounting, etc.) Initially, our investment schedule included all US states, and in fact we had prepared all of our applications (painful as it was) and they can be submitted tomorrow (or Monday) if need-be. But, last month we decided against it, instead we are going to spend some of our capital on installing CATMs up and down the coast in CA/US/MX, and in a few other key locations in MX.

We want users to use Coinsafe not only to exchange their fiat into or out of whatever crypto (quickly/inexpensively), but to also use it as a means of moving money locally, instate, interstate, and internationally.

When we grow up, we would like to participate on the Ripple settlement network, and actually bring -non bank- liquidity to the table, because the sooner we -and every other Fintec company- can stop having to rely on banking, the better it is for everyone. Banking is why crypto exchange is so expensive.