For those who missed it – we have a nice Android app for finding bitcoin ATM locations. After hard work we released some major updates of the Android app recently (latest version 2.0.1).
So what has changed:
Almost every day there is a new bitcoin ATM installed somewhere in the world. Most of the locations are in the U.S. and as it was mentioned in previous posts there is a concentration trend continues in bitcoin ATM industry. Concentration happens on both levels: geographical level (bitcoin ATM locations are not evenly distributed with some peak numbers in particular cities) and operator level (there are some big players appeared on the market that have many bitcoin ATM machines installed). Two trends are interrelated as the same operator may want to locate machines in the area where the company or owners are located. However, some bitcoin operators have nationwide or even worldwide networks.
With these trends in place it is very important for bitcoin ATM operators to distinguish their machines from competitors’. There are many reasons for this, but the main ones are:
Remittance market is a huge transfer of money happening every day. According to World Bank report the estimated remittances size in 2015 was forecast to be $601 billion. International transfers were one of the best-fitting envisioned applications of bitcoin, as it is state border-less by definition and cheap to send money irrespective of amounts sent, while only fees per transaction size in bytes matter. However, it is still a hard way to get Bitcoin adapted at a massive scale. Early stage of its development makes it an instrument for tech advanced people only.
With introduction of new bitcoin services we are moving closer to the case when bitcoin is used daily by many households, bitcoin ATM is one of such services. Initial idea of bitcoin machines is to exchange cash to bitcoins or other cyrptocurrencies and vice versa, bitcoin to cash. However, there are other use-cases for bitcoin ATMs evolved. One of them is international remittance.
During recent update on the site we’ve added two new features, which might be very useful.
On every bitcoin ATM listing page there is now a block available for:
If the ATM you reached is not working, you can, of course, leave a feedback for it, but also find the closest bitcoin ATM and move there. All closest bitcoin machines are sorted according to increasing distance from current bitcoin ATM, so it is very easy to see, which is the next available nearby.
We’ve launched a new functionality on our website of tracking bitcoin ATM locations – reports of any bitcoin ATM’s state as working or non-working. There were many complaints when someone did a long journey to bitcoin ATM just to find out that machine is not working or is simply not there anymore.
We update the site regularly as soon as we find or receive information about any changes, but sometimes this is not enough.
New functionality allows anyone to report any bitcoin ATM as active (working) or as non-working / removed by simply upvoting or downvoting a particular bitcoin machine and leaving a short feedback for reference.
Since launch the functionality have already been used by several users, e.g. somebody reported bitcoin ATM in Bucharest, Romania as working: