Quote from: AdamSmith on July 02, 2014, 07:55:40 AM

Quote from: cam02003 on July 02, 2014, 07:07:54 AM

Vancouver ATM has been the outlier in volume. Massive success combo being first, media hype, huge chinese community, etc.

Robocoins in USA (austin, mountain view, seattle) have done a fraction of the volume seen in Vancouver.

I love the idea of more bitcoin ATMs. I think lower costs and a friendly legal environment are needed to make them a flourishing business opportunity.

Didn't know they have a Chinese community in Vancouver. Why are the Chinese paying premium to buy bitcoin?

Capital controls back in mainland China make it difficult to get money out. Well know that many wealthy chinese buy 2nd houses (often sending wife and children) in Vancouver so that if shit hits the fan (gov decides to confiscate their assets) they flee. If you look at run up last november much of the volume was coming from China after state TV ran a special on bitcoin.