So today my father brought to my attention that to buy a "Bitcoin ATM" machine is roughly a $16,000 investment. I just wanted to see what some of the Steemit community has to say and hear some opinions so I can share this with my father.
Is it a wise investment and how much percentage does the investor pocket?
I know there is only 2 ATMs in Manhattan and my father was thinking to branch out into other locations around New York. So I'm just curious to see what people have to say and looking for some feedback.
-Thanks Nick
Need to read more about this! Awesome!
Yes, me as well! Good stuff though!
I've looked into this and wrote a post about it 2 months ago.
"So, I have been interested in operating a Bitcoin ATM.
But after some research, I realize that it is not easy for a small startup to just purchase a Bitcoin ATM and place it in somewhere.
The reason for this is because of the State Regulatory Requirements."
https://steemit.com/bitcoin/@chronogn/how-state-regulatory-requirements-prohibit-operations-of-bitcoin-atms
have to fight the regulations, its deregulated!!
I appreciate the feedback thank you!
This post has received gratitude of 0.40 % from @appreciator thanks to: @brandonscalera.
Thank you for the feedback!