Post
Topic
Board Bitcoin Discussion
Re: New Bitcoin ATM map
by
BtcATMs
on 02/03/2020, 12:55:38 UTC

Would be an interesting study (and it's probably worth a discussion anyway) but are there fewer bitcoin ATMs in crypto friendly countries because they are just not needed as much.

Using the one I posted about.
If I could go to Vegas and go to the cage (or even buy in at the table) with my BTC then I would not need an ATM.
If I could pay for my coffee / drinks / whatever with crypto instead of cash then I would not need an ATM.

So in countries where many retail merchants / locations take BTC at the register do you really need cash?

-Dave

I have read a few articles saying that Bitcoin in general is not needed in developed nations with modern banking systems (although I would argue that point - see what happened to ePayments.com recently - an "FCA" regulated  Roll Eyes payment provider in the UK). But as far as the "need" for BATMs, you can do all those things you mention with your fiat bank debit card, yet there are still fiat ATMs on every corner. Even with all the digital payments available, Cash is still King. So IMHO, yes, you really still do need cash (or at least there is still a proven need for ATMs). But I am hoping in the future it goes the other way, where you really do need BTC and you really need BATMs  Wink