Having a Bitcoin ATM in every store branch sounds like a smart business move. It shows that the company understands Bitcoin is becoming more popular and will be used for everyday purchases, just like regular money. I am talking about Costco. The news says they are putting Bitcoin ATMs in all their stores across the USA.
The biggest benefit is that it will increase their revenue.
However, there is a downside. They will need more security. We have heard stories of criminals stealing Bitcoin ATMs. There is also a risk that criminals might follow people home after using the ATM to try and steal their Bitcoin.
To be fair, there will always be risk as far as ATM goes, we have seen criminals targeting it.
Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target.So what do you expect from Bitcoin ATM? Sooner or later this crime is bound to happen. Will Costco put a security 24x7? I doubt that because that will be another overhead cost for them.