some btc atms can also accept ethereum, they make sense if they offer a bit of anonymity if you don't want the government to see how much money you made from crypto. Also it's a quick way of getting cash when you need it
That is what I wanted to know . So if a crypto ATM is installed and if it can easily support / add other cryptos then it can be very useful in future .
Maybe if I release my own token to be used in my city , say for commuting , they can transact that in ATMs .
It doesn't seem very far to me . Already here too people are talking about installing the ATMs . With so much of opposition by RBI they are planning to do this , what happens if RBI gives a green signal ?
Fees are not outrageous. You don't need to put in your name or other details but you do need to provide a phone number ( my phone number is not registered to my name) and there are cameras everywhere, that's why I said it's sorta anonymous
For me at least it works, I don't have to declare my income and don't have to pay the state taxes. That wouldn't fly if you received the money in a bank account
Great way to get around the system which I am all for. I hope they keep it up and make it even harder to track.
No matter what the government, they are all the same in my opinion, out for blood. Time we start sucking them dry since politicians and bureaucrats are a never ending, bottomless pit to keep feeding.
Have you seen any other crypto ATM apart from BTC ATM ?
Does it make sense?
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some btc atms can also accept ethereum, they make sense if they offer a bit of anonymity if you don't want the government to see how much money you made from crypto. Also it's a quick way of getting cash when you need it
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That is what I wanted to know . So if a crypto ATM is installed and if it can easily support / add other cryptos then it can be very useful in future .
Maybe if I release my own token to be used in my city , say for commuting , they can transact that in ATMs .
Just saying.
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I think that's way in the future from economical/mainstream point of view but I think it's totally doable from a technical point of view
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It doesn't seem very far to me . Already here too people are talking about installing the ATMs . With so much of opposition by RBI they are planning to do this , what happens if RBI gives a green signal ?
RBI = Central Bank .
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until you actually see them installed don't hold your breath :) bureaucracy is a thing you know
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Oh man I don't care about ATMs I just hope they don't ban the crypto lol .
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You would be better off released your chicken token first.
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Lol yes yes I won't forget it .
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How are the fees on them? Are they outrageous?
And are they anonymous? I guess they pay out in cash so that there is little way to trace it?
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Fees are not outrageous. You don't need to put in your name or other details but you do need to provide a phone number ( my phone number is not registered to my name) and there are cameras everywhere, that's why I said it's sorta anonymous
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Yeah I guess they can facial recognition and tie one's face to the transaction time.
Well at least it is a bigger pain in the rear end for them to trace although I am sure algos could make things up easily.
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For me at least it works, I don't have to declare my income and don't have to pay the state taxes. That wouldn't fly if you received the money in a bank account
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Great way to get around the system which I am all for. I hope they keep it up and make it even harder to track.
No matter what the government, they are all the same in my opinion, out for blood. Time we start sucking them dry since politicians and bureaucrats are a never ending, bottomless pit to keep feeding.
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