primul bancomat bitcoin

[dicksi]

On the 39th floor above Canary Wharf, overlooking London's finance centre, I found a cash machine with a difference. This ATM chews up your £10 notes rather than spewing them out, and in return you get a computer code. This is the world's first Bitcoin cash machine and if the people showing it to me are to be believed, it shows us the future of money.

I found it at the Bitcoin London conference, the biggest event about the crypto currency yet staged in the UK.

BBC News - The Bitcoin believers

https://lamassu.is/

totusi:

Is it a bitcoin vending machine?

yes, it is indeed a "vending" machine - any machine that spills out fiat cash for bitcoins will not reach wide distribution any time soon. The reason is the way Anti-Money-Laundering regulation are designed around the globe. If you take cash and give out something you are looking at the standard business operation - Goods out / Cash in - essentially every store on this planet works that way.

If you turn this operation around and give out cash to people - you have to do KYC (Know-Your-Client) and AML procedures in almost any jurisdiction in the world. The moment you have to do KYC/AML you can safely assume you are regulated and need a license. Or to be exact: you need many many licenses - one for each jurisdiction you operate in.

The challenges with being licensed or obtaining a license are in general:

• "You need to be a bank to become a bank" - In most jurisdictions it is impossible to fulfil the criteria to obtain a license if you don't already have proven years long record operating as a financial institution.
  
• Apart from some places you need to obtain a separate license for every single jurisdiction in the world (that's 48 licenses in the US alone)
  
• The licensing process is very costly and very slow - it usually takes many months if not years for the license to be granted. Legal advisors for the financial sector are among the best paid specialists, there are application fees and in most cases up to several millions have to be deposited with the regulating authority or central bank. Also: Maintaining the licenses isn't cheap - in most cases there are hefty annual fees to pay.
  
• In many (if not the most) jurisdiction obtaining a license is not even possible as the legal status of bitcoin has not yet been clarified. Which could mean that after going through all the pain of obtaining a license, it could turn out to be the wrong license or the given license can end up being revoked. (That's one of the reasons why so many banks shy away from working with bitcoin startups.)
  

I could go on, but you get the picture. No startup in the world will be able to overcome this hurdles anytime soon unless it has the financial power of someone like HSBC (to name a company that is fully licensed in many parts of the world).

In short: Any machine exchanging both ways has very few spots around the globe where it can go. And even those few spots are pending future regulation which might take this machines out of business at any time.

To the contrary: Selling Bitcoins is legal in most parts of the world. - So a "bitcoin vending machine" has by far better chances to reach wide distribution in a short amount of time.

Is it available?

Yes, we are taking orders and shipping. There is a caveat to this: This is not a buy-and-run-it-yourself piece of hardware. The BTM is a part of our product strategy to bring bitcoin out of the "geek-zone" and into the lives of ordinary people. As such it connects to our SMS and Social Network services and is also otherwise embedded in our eco-system. If a Moneero BTM doesn't work, has been setup illegally and gets seized or anything else bad happens - it falls back on Moneero. So in order to buy BTMs the buyer needs to partner with us and the vetting process can take a couple of weeks.

[Eric]

Asteptam si in Romania, poate or sa prinda copii copiilor nostrii.

[livestyle]

Foarte interesant osa putem sa lucram serios......