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.
https://www.instagram.com/vvoyagevirtual/p/DFrK4mpRI3x/Do you think that this is a smart move or security concern?
It's a smart move already by Costco, and what I must reiterate is that, there isn't any business that doesn't have risk. The issue is how to manage the risk associated with the introduction of Bitcoin ATM machines and credit/debit cards of clients so as to ensure theft proof or hack proof.
I think also that the Bitcoin ATMs will only be allowed in a more developed city that has heightened security presence and cameras, not just because Costco wants it, but it's because the city does need it.