Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their
first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
Well, youre right, there should be lots of ATM machines being launched in developing countries but the problem is that since there isnt much people who are making use of cryptocurrency, it might not benefit those that are running the ATM, so a lot of people are going to give up on it. Running a bitcoin ATM is going to be profitable if its being run in a country where there are lots of people making use of it.
I guess Venezuela is a good place because to what it seems there are lots of people that are adopting Bitcoin there. For other countries I believe that when the rate of adoption starts being noticeable, then there will be more features being released to them.