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?
I don't know how ATM works for Bitcoin, specifically the ATM for buying and selling Bitcoin but one thing is I know is that there are technological advancement in everything we use. If the shop is accepting Bitcoin and not selling Bitcoin, I think machine can be easy to operate and even if it's open publicly, the owner doesn't have to worry about the stealing of funds, a master public key is enough to generate billions of wallet address for people send Bitcoin into and there is no need to worry about anything since the onwer of the shop hold the private keys.
Bitcoin ATM is not like the regular Banks Atm where funds are kept on the back the machine, the only thing needed is the private key and I'm sure they wouldn't include it for security reasons. The ATM Manchines will only be operational in a way where master public key will be used like the way webs used Bitcoin to receive funds and provide services for people.