Quote from: nydiacaskey01 on September 25, 2019, 04:33:23 PM

I wonder if this machine that can be found in 7 11 stores in the Philippines can be considered as a Bitcoin ATM because I can buy Bitcoins thru this machine. As long as theres a line of communication, this machine is online and you can buy Bitcoins through Coins.ph, if not then here in the Philippines I guess theres only 1 Bitcoin ATM.
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I think these kind of machines are also counted.
In South Korea, or somewhere near there there are normal bank ATMs where you can (or will be able to) buy bitcoins, but you can't sell bitcoins there. If you count these ATMs too, the rise in the numbers is understandable.
Also, I understand if you sell bitcoin at the BTM, it requires ID or KYC or anything, because you'll get fiat in the end and you can use that fiat for nearly everything everywhere.
But why the KYC or ID scan is needed when you buy bitcoin? You have your fiat money (in cash or coins) and it's anonymous (you can prove the origin or you can't it doesn't matter now). You buy bitcoin with it which is also anonymous (pseudo, I know). You can't do whatever you want with your bitcoins, but because of the few exit possibilities of the bitcoin system (exchanges, localbitcoins, bitpay at webshops, etc.. not much thought) if you really want to spend your bitcoins for something everyday thing, you have to exchange it back to fiat, where KYC is required again...