Re: Building an ATM: what are the steps?

Quote from: Cofee.BLUE on July 17, 2018, 01:45:45 PM

Quote from: FiNaR76 on July 11, 2018, 09:45:33 AM

Hi All,

First of all, apologies if I am posting this in the wrong forum; @Admin, please move this topic in the appropriate category in case it is necessarily.

I am embarking on a DIY project, building a multy-coin ATM, starting with Bitcoin...

I am more focused on the SW than the HW (Hardware is easy to find even in Amazon) was wondering if anyone here has some good resources for this project and in particular:

1) Open Source Projects; so far I have found:

http://projectskyhook.com/ which does not seems to be live anymore
https://catm.io/ good project, but as far as I am concern it does not have KYC and AML processes embedded

2) What are the Steps to get CKY and AML embedded into the ATM

3) Can a BTC ATM have also Credit Card Reader (I have seen only Cash machine so far)

4) what is the best way to provide liquidity? (hot-wallet, bitcoin exchange connection, others?)

many thanks all

Regards

Ivan

I don't think so that building ATM is a good idea when it comes to bitcoin because in the other hand we all known that bitcoin was created with the purpose of giving a much easiest and fastest way of making transactions so why building or creating ATM. Is there difference with the bank and to bitcoins when that happens. I think and I believe that we don't need ATM if we wanted a much convenient way of doing any transactions.

But I do not find any wrong if ATMS for bitcoin are installed. There may be many shopkeepers who may not be accepting bitcoin or may not be having much knowledge about it. ATMs will deliever fiat currency. So for payment to them fiat currency will be required and ATMS I think are must for this purpose.