Hi, I don't think I'm understanding you correctly. How is the operator protected against volatility exactly?
Walk me through this if I was initially setting up the unit. Would I purchase Bitcoins from an exchange and then transfer them to my ATM operating wallet? What happens after that? If a user makes a purchase does the machine automatically top up the wallet? Thanks.
The operator is not protected against volatility. All they can do is set a minimum price so that it does not sell below what you paid for the bitcoin.
For example I bought $1000 and put it on my skyhook atm and then bitcoin has fallen over $100. My bitcoin is overpriced and I have sold nothing. I mistook the term "pull request" to mean that it could be hooked up to buy bitcoin in real time when someone uses the atm. Wrong!