Category Archives: Using bitcoin ATM

Buy Bitcoins at Bitcoin ATMs

Bringing the Unbanked into the Financial World with Brandon Mintz

In this video, you will hear Brandon Mintz, the founder, and CEO of Bitcoin Depot, one of the first professional OTC crypto trading companies in the world. Bitcoin Depot is also the fastest-growing company and one of the household names in the Crypto ATM space. He will talk about how he got into crypto, how he started his company, and managed to scale it to one of the largest Bitcoin ATM companies in the world. He will also discuss how unbanked people are realizing the power of crypto.

The Beginning

Of course, Brandon started off with how he got into the whole idea of Crypto ATMs. He explained how back in 2013 he spent numerous hours trying to complete a transaction at Coinbase after which they just canceled the order when the price of Bitcoin went up. Later on, he discovered a suspicious looking site that offered to exchange Bitcoin for money after just 15 minutes. He decided to risk it, and it turned out legit. That gave him the idea to make crypto transfers easier for everyone else and help with the overall crypt adoption.

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Building Bitcoin ATMs with Moe Adham

In this interview, held in August 2019, you will hear Moe Adham from the Canadian Bitcoin powerhouse Bitaccess. He talked about Bitcoin ATM adoption, volume, and how they are at the front line of the Bitcoin industry.

Founding of Bitaccess

To start the interview, Moe talked about how he got interested in crypto somewhere at the beginning of the decade when he was a nanotechnology student in Switzerland. He used his knowledge in FPGA programming to start mining and fell in love with Bitcoin instantly. Shortly after he came back home to Canada so he can dedicate his time to learn as much as he can about Bitcoin, and in 2013 he founded Bitaccess and started manufacturing Bitcoin ATMs.

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Interview – Bitcoin ATMs with Martijn Wismeijer

In this interview, you will hear Martijn Wismeijer who works at one of the biggest Bitcoin ATM manufacturers in the world General Bytes, talking about Bitcoin ATMs and some other interesting stuff related to crypto.

Link to the episode: https://cryptonewsweekly.podbean.com/e/interview-bitcoin-atms-with-martijn-wismeijer/

https://pbcdn1.podbean.com/imglogo/image-logo/2678252/CNW_logo_2019_1mb.jpg

The beginning

Like most people, Martijn got into crypto accidentally, while he was looking for a job. He first got into mining and after he mined his first 50 coins he interestingly got rid of them because he thought that he will never get any use of them. This was a decision which he now deeply regrets. He got back into crypto when the price got up to $100 and at the time discovered the Bitcoin ATMs which he found useful. He immediately tried ordering ATMs from every company that he could find but had no luck since none of them would deliver. Not until the Bitcoin expo in 2014, when he met the founder of General Bytes, that he ordered his first 4 machines and started operating them in the Netherlands.

A couple of years later, his marketing suggestions to General Bytes are recognized and he was offered a job at the company. Since then the company experienced an exponential rise in numbers. They overcome the 1000 mark at the end of 2017, then surpassed the 3000 number nearing the end of 2019 and reached the 5000 until October 2020.

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Blockchain Interviews – Adam O’Brien, CEO of Bitcoin Solutions

In this interview, Ashton Addison is speaking to Adam O’Brien, the CEO of Bitcoin Solutions, a Bitcoin ATM and service provider based in Canada. They will be discussing the adoption of Bitcoin across Canada, how the pandemic has affected Bitcoin markets, and the upcoming deal which will make Bitcoin Solutions the first Bitcoin ATM company to become a publicly-traded company with a listing on the TSXV stock exchange.

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Interview: BelcoBTM CEO Elena Belyayeva

In this interview, you will hear Tony from Thinking Crypto talking to Elena Belyayeva who is the CEO of BelcoBTM. She will talk about Buy and Sell bitcoin machines, a new Mobile App, and adding new coins to their ATMs among other stuff.

The History of BelcoBTM

The idea for BelcoBTM started in 2015/16 when Elena first got into Crypto. She was working for a financial company and looking to transition into opening her own business. She had a feeling that crypto will be booming and noticed that there were very few ATMs at the time so she made a bold move and invested her savings into the Bitcoin ATM company. She liked the idea of Bitcoin ATMs back in the time when she was doing some Bitcoin trading, and noticed that these machines were the best way to introduce people to cryptocurrency and start the mass adoption.

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Interview with Chris McAlary, the CEO of Coin Cloud

In this podcast, you will hear Mike Townsend interviewing Chris McAlary, the CEO of Coin Cloud, which is the world’s largest Bitcoin ATM Company with over 800 machines (and growing), all of which allow two-way transactions of Bitcoin and 29 altcoins.

Being that Coin Cloud has a plan to overcome the 1000 ATMs margin in the next couple of months, it is logical that their plans are also related to expanding overseas. According to Chris, their next country will be Brazil. As he explains, it is especially suitable for Crypto ATM business because of its cash-intensive economy, where more than 50% of people get their income in cash, whereas in the United States that percentage is around 10%. Of course, the United States continues to be the priority of all Crypto ATM operators because of the extensive adoption of cryptocurrency by the customers and regulators as well.

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Making Bitcoin More Accessible with Daniel Polotsky of CoinFlip ATM

In this interview held in April 2020, you will see Lea talking with Daniel from CoinFlip ATM. Some of the stuff they will be talking about will be about how they run their business, what sets them apart from other companies, what are their plans for the future, how the global pandemic affected the crypto market, and much more.

Talking about the CoinFlip ATM business Daniel shared that they currently are at about 550 ATM’s and are trying to push 20 ATM’s per week so they can try to end the year at over a thousand, and hopefully continue that trend so they can end the next year at 2500 or 3000.

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Bitcoin Basics: How do Bitcoin ATMs work?

In this podcast published in March 2020, you will hear Gordon and Faris from CoinCompass answering questions on how bitcoin ATMs actually work.

The concept of this podcast is for people to send their questions related to Bitcoin ATMs for Gordon and Faris to answer. It’s not going to be too much technical or too much economic detail but simply the basics of Bitcoin – those questions you thought were too silly to ask but actually are not.

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The Promise of Lightning Network ATM’s

In this post we have a brief overview of what Lightning Network is and how it can and is integrated with existing cryptocurrency ATM’s. We check what are potential advantages and disadvantages of using LN payments for both users and operators.

Lightning Network Overview

There is a lot of information on what Lightning Network is. In short, it is a second layer protocol on top of cryptocurrenices like Bitcoin, Litecoin etc. Effectively, two users have a mutual (multi-signature) transaction on the base layer and then exchange signed new transactions, which are not broadcast to the base layer network and hence are not included into blockchain. Only last transaction in a sequence of exchanged signed transactions (commitment transaction) is broadcast to the blockchain, when one party decides to close the financial relationships with counterparty. Such funding transaction and exchange of signed transaction is called a payment channel.

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Perfect case for bitcoin ATM’s – accompany cannabis vending machines

During the recent years there was natural growth in two industries — bitcoin ATM installations reached almost 6000 as of end 2019 and cannabis industry legalization was happening steadily over time in various US states. In this article we check how the two industries fit together and factors that can be beneficial for both sides from synergy.

Bitcoin ATM for Cannabis Industry
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