Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin ever exist in currency notes?
by
denzkilim
on 03/03/2019, 02:10:40 UTC
It might interest you to note that the bitcoin policy has been accepted and implemented by some banks. Not long ago, I read a post on this platform which stressed on the facts that there are bitcoin ATMs in some parts of the Europe and United States.

The question is " how will these ATMs  operate?" Will customers withdraw money in the form of Bitcoin notes or fiat??? Please share your views on this topic. I need clarifications.

No. There are no bitcoin notes, though there have been coins minted in the past as collector's item. You don't withdraw bitcoins from these ATMs, you basically exchange your fiat through them. Bitcoin ATMs are usually cash-in only but I read there are two-way ATMs out there.
One of the largest banks in our country is a supporter of Crypto Currency/Blockchain technology and they have already launched the first Bitcoin ATM machine in the country but only in some locations and not all their branches have that ATM machine, I also wonder if a person can actually withdraw cash from it or it is only a one way machine just like what you have said. I'll go research later about the Bitcoin ATM in my country if it's a one-way type or a two-way type. Cool