Quote from: Lm2e4 on November 05, 2017, 12:39:37 AM

Quote from: Qurczaku on November 03, 2017, 08:52:38 PM

Do you think if there is any chance that amount of BitcoinATM will be similar as normal ATM in the future?

I guess so! since bitcoin is being more popular everyday. And there is a certain project where the main objective is to build more ATM machines in the united states for bitcoin and any other cryptocurrency. And then later in some part of the world. And I think it is just a start of bitcoin ATM's evolution.

Bitcoin ATMs are the future. The key is having low enough fees so that current experienced Bitcoin users will want to use ATMs instead, and to be in enough locations that mainstream awareness of Bitcoin and other cryptocurrencies grows enough that the average user is drawn in to the Bitcoin world. If everyone started using these ATMs as a bank account alternative (one with much higher interest rates) then it would benefit us all.
Or if you need to withdraw a larger amount of money than a normal ATM card would allow in a day. Or send money across the country to someone instantly at 2 am without having to pay a heavy fee like Western Union.

These machines are more than just marketing (even though they do help bring awareness); its just the potential uses grow according to how common the ATMs are. Bitcoin itself can be much more useful than fiat cash, again its uses grow the more people are aware of it, more people that have it, and more that are willing to pay for or accept transactions with it. You can't pay your buddy back the $20 you owe him in Bitcoin if he doesn't know what it is, at least he probably won't want it.

The big complaints about Bitcoin ATMs aside from not enough locations is lack of altcoin support, inability to sell Bitcoin at most machines, and the biggest the high fees (up to 25%)! If Bitcoin was more mainstream, ATM companies could afford lower fees because their machines would have more users. If there were more machines (more competition among ATM companies) then the fees would also go down - one day there could be several ATMs in every town, run by separate operators competing with each other on prices. Like say gas stations across the street from each other each trying to have the best price on gas.

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