Quote from: Nicholson55 on October 22, 2018, 08:07:29 AM

Smart vending machines capable of handling cryptocurrency payments will be installed throughout Malaysia and Israel by the end of 2018 as a result of a partnership between iVendpay and GoByte. Sergey Danilov, the founder of the iVendPay project, told CCN:

The partnership between iVendpay and Gobyte is caused by the high demand for universal services allowing to pay for goods with cryptocurrency in everyday life. The choice in favor of GoByte was made due to the peculiarities of this cryptocurrency, designed for instant processing of micropayments with a small commission. Payment for purchases using GoByte in any vending machine equipped with iVendPay takes less than 3 seconds.

He also provided a Youtube clip showing the ATM in action. GoByte is a fork from the Dash cryptocurrency aimed at processing merchant transactions. GoByte claims to be an improvement on the original Dash currency with a separate payment infrastructure that allows lower or non-existent fees for processing payments.

Article containing the above info is here if anyone is interested : https://www.ccn.com/interview-ivendpay-founder-sergey-danilov-on-bringing-cryptocurrency-vending-machines-to-asia/

A good initiative but UNOCoin has already tried and landed up to being arrested in India.It might worked well in other countries in asia but in India Crypto is not a legal tender but it's transaction is also not illegal so there is a tricky situation.Same might happen in China also.