Bitcoin ATMs: Bridging Cash and Bitcoin | Bitcoin Backstage w/ Adam O'Brien
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- Опубликовано: 5 май 2024
- Picture a traditional ATM, but instead of dealing with fiat currency, it's all about Bitcoin. In this video, we dive deep into the world of Bitcoin ATMs (BTMs), starting with their Canadian origins dating back to the first live Bitcoin ATM in Vancouver in 2013. BTMs, short for Bitcoin Teller Machines, are equipped with screens, QR scanners, bill acceptors, and dispensers, all linked to the internet and the Bitcoin network to provide real-time exchange rates.
These machines serve a crucial purpose: offering individuals a convenient way to convert fiat currency (like dollars, euros, or pounds) into Bitcoin. They simplify the process, allowing users to buy Bitcoin with cash or debit cards, bridging the gap between physical cash and digital currencies.
Bitcoin ATMs also play a role in international money transfers, especially in areas with significant immigrant communities. Users can convert cash into Bitcoin and send it to their home countries, bypassing hefty transaction fees charged by traditional services like Western Union.
Some Bitcoin ATMs operate without strict adherence to KYC (Know Your Customer) protocols, offering anonymity at a premium. This convenience comes at a cost, reflecting the desire for non-KYC transactions among certain users who prioritize privacy.
However, government scrutiny is increasing, with calls for tighter regulations on Bitcoin ATMs due to concerns about rising illicit activities. But is this blame justified? We delve into the history of illegal activities and the role of Bitcoin in facilitating them, highlighting the age-old challenges of crime that existed long before Bitcoin's inception.
Ultimately, this video explores the nuances of Bitcoin ATMs, their impact on financial freedom, and the broader narrative surrounding Bitcoin's role in the world of finance and regulation. It's a journey into the evolving landscape of cash, cryptocurrency, and government oversight.
PLUS, an interview with Adam O'Brien, founder of Bitcoin Well, the company behind 196 Bitcoin ATM's across Canada. Get his insight into the history and role of Bitcoin ATM's, not only now, but into the future. 
Развлечения
Most bitcoin atms I have used charge a hearty and heafty fee to use them.
What’s the fees? I saw one at the gas station today.
This over dramatic Presenter gives me headache, 1st those finger snaps now the shouting. Matthew Cratter has also been vocal about Bitcoin magazine's hippocracies
Crazy Eyes❤!
They banned them in the UK. They didn't work great anyway, I ended up having to phone the bloke that owned the one I tried. Shame it isn't easier to buy and sell.
The style of this is off --she sounds like a Nikelodeon show. This video would be helpful if it showed the mechanics of buying BTC on these ATM's --where does the BTC you buy get stored? Whjat app is used to scan QR code? And other actually useful information... When he finally does explain the process there are no visuals -even for an experienced bitcoiner it's way too complicated. Needs video SHOWING the process
This guy goes from one scam to the next - He put his own house for auction and to enter the draw you sent him bitcoin for a chance to win his house.
Then once he accumulated deposits totaling $600,000 or some number I forget - He cancelled the auction! I guess he used the proceeds to buy these ATMs. scammer.
boomers 🤣🤣🤣👌
Marry me
If it's not BSV then it is slave shait shait coins