Quote from: romero121 on October 09, 2019, 03:06:11 AM

Quote from: CryptoBry on October 09, 2019, 01:52:27 AM

I heard that running an ATM for Bitcoin or cryptocurrency can be a good business proposition especially if one can achieve a good traffic or customers. Someone said to me that this can be a booming business and in fact there had been some crowdfunded projects that focused on this business and when I just checked one which I supported early this year I think they are doing fine. As more and more people can be adopting cryptocurrency, this industry can be booming just like the traditional ATM business which is already a permanent option for the many. Lat year, in one of the other forums where I was a member of, someone PMed me about ATM machines and he shared that he was doing business with this ATM-focused platform. Maybe you can get over with them and who knows you might like what they are offering. I don't have any personal knowledge nor any relationship with that site and I am sharing it to you here as one of your possible choices.

Before thinking about starting your own Bitcoin ATM business it is good to find what all the consequences needs to be faced. It requires lot of licensing process and those are not much used now because of the increased transaction fee. Recently came across an article from which understood very few are using bitcoin ATM. This is from an author who has shared his experience in Japan where it is believed to have the largest number of bitcoin ATMs in use. Bitcoin ATMs in Tokyo There Arent Any

This is expected as the government is making sure that the industry will not be run by scammers and frauds. This is money involving here so either the ATM has to pass the regulatory requirements of a money exchanger or as a pseudo-bank which can be stricter and tighter to pass. Implementing the legal guidelines is for the sake of the consumers so they will not be hoodwinked into money scams or similar schemes which might use the ATM business as just a front or as a magnet to attract victims. However, no matter how strict, there will be some that will really qualify to do business. A good idea is for the government to approve a franchising scheme where those who are interested to be in the Bitcoin ATM business can be under a big operator but as always strict implementation of the rules must be observed. There is actually a big potential of this business and years from now there is a big possibility that some banks are already leading this industry.