Are the BTM companies all going to shut down because the Bitcoin ATM business has become unprofitable?
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Robocoin News
The Bitcoin ecosystem is getting larger due to the appearance of Bitcoin ATMs, which are becoming wider and wider spread. Robocoin is a large company producing and providing ATMs for cryptocurrency. The world’s first publicly available Robocoin machine for cryptocurrency opened in 2013 in Vancouver, Canada. Robocoin received a wide response and the amount of transactions was over a million Canadian dollars during the first month of operation. Robocoin ATMs, when compared with their counterparties, have bigger machines, allow users to make two-way transactions between fiat and cryptocurrencies and take a one percent fee from every transaction made. Recently, the company has announced about possibility of making money transfers via their ATMs.
Defunct Bitcoin exchange Mt. Gox is said to have ran out of money six months before it filed for bankruptcy; an Australian government inquiry has set the stage for Bitcoin to be treated like a national or foreign currency, and news
347The number of Bitcoin ATMs across the globe has hit 400. Meanwhile, operators are reportedly making US$1-3K monthly of their Lamassu units, 2-way machines are on the rise, and other interesting metrics from CoinATMradar
1234BTM developer Robocoin has unveiled its hotly rumored new direction in the form of a software development kit (SDK), which will allow any ATM to function as a Bitcoin ATM (BTM).
340Network issues at Robocoin, which affected its BTM network yesterday, have led to rumors of more serious problems with the company, it has emerged.
362The world of Bitcoin is coming to the 2015 Consumer Electronics Show, sponsored by a huge partnership between BitPay, Circle, Kraken, Bitmain, Blockchain, Bitstamp, Private Internet Access, Robocoin, and yBitcoin. The world of Bitcoin show will feature ten different brands that are shaping the Bitcoin and virtual currency industries.
442Cointelegraph has partnered with Coin ATM Radar, which regularly updates a helpful and navigable Bitcoin ATM map, to get the most comprehensive data about new BTMs as they go online.
401Today many owners of BTMs (Bitcoin Teller Machines) are wishing they had picked a manufacturer other than Robocoin. The Las Vegas-based BTM company is now attempting to control the operation of machines that have already been sold, against the wishes of some (and possibly many) of the machines’ owners. And the proprietary 2.0 software Robocoin is attempting to push would jeopardize the security of customers using the BTMs.
420On Wednesday, October 15, Andrew Wilkinson was out of patience. He and his business partner had ordered a Robocoin ATM to place in a pub in Canada...
431According to Coin ATM Radar’s data as of Monday, October 20, there are 273 live BTMs around the world, and that number is growing daily (and at an ever-increasing rate). Below are a few that were installed and began operations last week, starting with the United States, which average one new BTM per day last week.
315RoboCoin is launching its 2.0 network which include ATMs that plan to do more than just dispense cash or Bitcoin.
313Unlike his congressional counterparts, Colorado Democrat, Jared Polis, is not scrambling or scratching his head in an attempt to figure out how to deal with nascent cryptocurrencies.
222If the metaphor that best applies to the Robocoin machines is an ATM, then the appropriate metaphor for Asia Nexgen Bitcoin Exchange’s new storefront in Hong Kong would be … Western Union?
287Robocoin has announced plans to install one of its Bitcoin machines in the West Edmonton Mall in Alberta, Canada, the largest such mall in North America and one of the largest in the world.
260We reported just a couple of days ago that Robocoin would be launching America’s first Bitcoin ATMs in Seattle and Austin, but Bitcoin machine maker has apparently beaten Robocoin to the punch.
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