Quote from: Coinreport.net

So how did this relatively small Bitcoin startup succeed on this scale? The trick is that the Bitcoin ATMs aren’t just Bitcoin ATMs. They’re actually conventional ATMs owned by the “National Credit” Bank of Ukraine which have had their software updated to support BTC transactions. By partnering with a popular bank and leveraging existing infrastructure, BTCU.biz was able to leapfrog ahead of many of the dedicated Bitcoin ATM companies, without having to personally raise the capital necessary to put that many machines on street corners.

So all they did was a software change? Seems a bit too easy. Almost like cheating.

Also it's weird to see that a bank was involved in this. I was under the impression that banks hate Bitcoin. Maybe things are a bit different there.

Quote from: iflash on July 11, 2014, 01:15:39 PM

I think the story is missing a major point: What is the fee of those ATMs?

From the same website as above:

Quote from: Coinreport.net

The machines sell BTC at a rate of $693 per Bitcoin, $45 above the current CoinMarketCap price of $648, a transaction fee of about 7%, which is on the high side, but may well be worth it for the convenience.