Post
Topic
Board Bitcoin Discussion
Re: Biggest Shopping Mall in USA Goes All in BTC ATMs for Holiday
by
hello_good_sir
on 27/11/2019, 20:27:10 UTC
This is the biggest News for the adoption of bitcoin.  Time for bitcoin everywhere.  Smiley

Quote
“With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping. Bitcoin is the perfect gift for family and friends this holiday season. Our Bitstop Bitcoin ATM mall locations are at the forefront of a trend as Bitcoin and digital currencies become part of the mainstream culture.”

Quote
This is another series of marquee locations after our recent Bitstop Bitcoin installation at the Miami International Airport back in October. We want to make sure our customers always have convenient access to our Bitcoin ATMs.
There are now over 130 convenient Bitstop Bitcoin ATM locations across the country, with many more growing every month. We intend to expand our Bitstop network to include 500+ locations by the end of 2020.”

Source: https://dailyhodl.com/2019/11/26/largest-shopping-mall-operator-in-the-us-goes-all-in-on-bitcoin-atms-for-holiday-shoppers/
That's actually massive, I would have never expected malls to take a gamble on bitcoin-related services for the Black Friday/Cyber Monday specials, there's going to be a crap-ton of sales anyway, and I guess they think that the extra crypto payments will cover the fees.

Although... I'm curious to see their reasoning behind it, I personally have a theory that they are going to charge huge spreads, and attempt to profit off a possible price pump + their outrageous fees that they are going to be charging. There's something with crypto-currencies, where paying a 5 dollar fee on a 100 dollar item sucks, but paying an extra 0.00048 doesn't sting as much, must be psychology.