![]() ![]() “If anything these ATM are discouraging people to try Bitcoin instead of helping.” During my time there, I saw like 10 groups wondering what it was all about, but when they saw the price between buy and sell, they all said no way will they try Bitcoin.” “I do not see these machines becoming successful unless they change the fees. They can process a trade behind on an exchange at that moment and keep the risk at a minimum, but the difference would be like 0.5%.” “This is an ATM, and they are treating it like a commodity trading device. According to a review of the Robocoin-based ATM given to CCN.com writer Scott Fargo, the Robocoin machine did not function as well as expected. While not associated with Coin Cloud, last year an ATM running on Robocoin opened in Las Vegas. Can Coin Cloud Overcome Vegas Bitcoin ATM Disappointment Caused by Robocoin? They boast that they’re able to make travel easy for bitcoin users, but the current problem most bitcoin users face is spending their bitcoin. ![]() Customers can play pool, shuffleboard, corn-hole and even a giant game of Connect Four.Ĭoin Cloud apparently plans to target casinos, malls and most tourist destinations in their business plan for Bitcoin ATM expansion. They have an area called “The Living Room” as well as one called “The Backyard” during their always-open hours of operations. The Gold Spike is an interesting venue for the event, as it operates as a bar and restaurant by day but a party spot at night. The party will take place on Friday, Jan. #Las vegas bitcoin bar freeNot only that, but they’re also offering free drinks to patrons who use their machine. But Vance says that tech customers, with only a few exceptions, might need to work on their mustaches.During CES 2015, one of the largest technology conferences in the United States, a bitcoin ATM company plans to host an unveiling of their new machine. For tech junkies in the area or those visiting the CES conference, Coin Cloud is hosting their launch party for their new product at Gold Spike Hotel & Casino. Getting the word out hasn’t been a problem so far. Vance only had to provide an Internet connection for the machine, which charges a fee per transaction and is operated by Robocoin and MyLocalBitcoin. “It’s definitely helping us get last-minute people who are looking for a South By venue.” “South By is a pretty big deal for us,” Vance said. His bar has been booked for months for SXSW Music, but it still has slots for SXSW Interactive that he hopes to fill with the help of the new ATM. Vance, who said his bar already attracts a lot of techie customers, said he anticipates that will increase. Bitcoin is democracy’s biggest invention since the Internet.” The Lone Star State is a natural launchpad for Bitcoin, the currency of freedom and independence. “It’s a tech hub, and we’re excited to launch a month before South by Southwest. “Austin is one of the coolest cities in the world,” he said Thursday. Jordan Kelley, CEO of Robocoin, came to Austin to help with the ATM launch. I bought a taco with Bitcoin the other day.” ![]() “A community has sprung up around it, and over the next 12 to 18 months a lot of people will learn about it. We’re trying to be the first people to make it mainstream,” Piri said. “There’s a lot of skepticism around (Bitcoin). (The second machine will be featured on the Expo Hall floor at South by Southwest Interactive next month, Piri said.) Instead, Reza Piri, a Web developer, and his brother Mike formed a month-old Austin company called MyLocalBitcoin ATM and seem to be reaping a whirlwind of national attention after purchasing two ATMs from Robocoin. Vance didn’t have to pay for the machine, which costs $20,000 and is sold by a Las Vegas company called Robocoin. ![]()
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