Bitcoin ATM is also a kind of creating awareness for bitcoin but the security threats it poses is higher than the benefits it presents. If bitcoin ATM should be used then it has to be installed in private and secret places with security personnel who will monitor the activity of people who are making use of the ATM. But sincerely, i don't even see the need for bitcoin ATM because this is a digital currency we are talking about here, it's not like Fiats that are in cash so why should there be ATM for something that we can't withdraw in physical form other than to just send transactions.
I have not read stories of Bitcoin ATMs being hijacked. How exactly will they benefit from doing that since the machine is not like a cash ATM where things are stored inside unless they will somehow tamper with the program in order to steal from the machine without making an actual payment, or is their target the cash buyers who use it to buy bitcoin?
well if the bitcoin atm allows withdrawal of fiat from the machine then surely there would be money stored in it
i heard that some atms will flash a qr code where you can send your bitcoins to and efficiently convert it into fiat in which will be withdrew immediately through the machine you do not need to log your wallet in the machine to sell the bitcoin so it is quite safe but again scammers and hackers are very smart so we can never be too confident about security
In that case it should be called bitcoin/fiat ATM then because i wonder how Fiats will be stored in an ATM meant for bitcoin transactions it doesn't make any sense to me. Bitcoin is in digital form therefore even though ATMs are provided for it do not mean that it will include bitcoin to Fiats transactions, it should be strictly for bitcoins operations.