CryptoCoinsInfoClub.com

Bitcoin Atm Midrand

A Short History Of The Worlds 400 Bitcoin Atm Machines

A Short History Of The Worlds 400 Bitcoin Atm Machines

In less than two years, the number of Bitcoin ATM machines across the globe has topped400 quite a leapsinceOct. 28, 2013, when the worlds first Bitcoin ATMwas installed in a downtown Vancouver coffee shop. That first machine, a Robocoin two-way bitcoin ATM, generated lots of buzz,processingthe equivalent of more than$100,000 Canadian dollars its first eightdays ofservicein 348 transactions. AnATM is installed every two days, outlining the growing demand, according toCoin ATM Radar, a website that tracks the bitcoin ATM industry. Operators are reportedly making $1ooo-to-$3,000 US monthly off their Lamassu units. 2014 was the year of momentum, with the launch of hundreds of bitcoin ATMs around the world, notably in Eastern Europe, Southeast Asia, Latin America, the Middle East, and one in Africa. North America has been, and still is, leading the way with 133 machines installed inthe U.S., and 69 machines in Canada. Together, theyhost more than half of all the machines available worldwide. Europe follows North America with 30 percent of all bitcoin ATMs followed by Asia with 10percent(43). Africa remains the most underserved continent with only one machine located in the city of Midrand in South Africa.Botswana should have its first bitcoin ATM operating shortly. The top five countries with the most machines are the U.S., Canada, Australia, the U.K., and Finland. India, known for its growing bitcoin community, is surprisingly still unequipped, and the Maghreb region is unquestionably lagging behind. Lamassu ATMs quickly emerged as an industry leader, holding 32.5 percent of market share. Following Lamassu is Canadian manufacturer BitAccess, with 15.5 percent in market share, followed by low-cost bitcoin ATM manufacturer Skyhook, with 14 percent. The proportion of two-way Continue reading >>

First African Bitcoin Atm In Joburg | Itweb

First African Bitcoin Atm In Joburg | Itweb

Lamassu's Bitcoin ATMs use QR codes for users to access the crypto currency. A local company is set to launch what is claimed to be Africa's first Bitcoin ATM, in what it bills as a move to encourage the currency's use among consumers and retailers. Tremendis Learning - an IT training and recruitment company - will next week unveil a Lamassu Bitcoin ATM machine at MetroMan, a hair salon and life coaching centre based in Kyalami. Users can scan a Bitcoin QR code, insert cash and will then be able to trade the currency. Rolf Deppe, a partner at Tremendis Learning, says Kyalami was chosen because "MetroMan accepts Bitcoin for all its services. We are also doing work with other business owners in the same complex to accept Bitcoin as payment." Deppe notes that introducing ATMs will help consumers and retailers that are stuck between a rock and a hard place. "If someone has Bitcoin, they do not know where to spend it, and if merchants accept Bitcoin, they struggle to get customers [who are] willing and able to pay with it." The new ATM, says Deppe, could go a long way in bridging that gap. SA has 29 companies which accept Bitcoin payments, according to Coinmap - a Web site that tracks and maps businesses' crypto currency. MetroMan is one of six companies using the currency in Gauteng, according to the site. Despite the slow uptake of the crypto currency across the continent, Neil Croft - owner of Mahala Mobile and founder of local currency Madibacoin - says it is "never too early" to launch the machines. "If anything, it will create exposure to Bitcoin for those who have never heard about it." Croft adds that exposure does not mean people will be quick to adopt the currency. He recently announced plans to launch Madibacoin in the coming months, targeting SA's cellphone user Continue reading >>

Buy Bitcoin In South Africa

Buy Bitcoin In South Africa

Buy bitcoin in South Africa from a bitcoin exchange We have two licenced bitcoin exchanges in South Africa for buying bitcoin, namely Ice Cubed , and Luno . Both of these bitcoin exchanges will accept a deposit from your bank account, and once the funds have cleared, you can purchase and trade bitcoins. Buying bitcoin from an exchange is the safest and most secure way to buy bitcoin when you are starting out. Click here for a comparison of local bitcoin exchanges in South Africa Buy and trade bitcoin on localbitcoins.com LocalBitcoins.com is a website where you can find people near to you who are also looking for buyers and sellers of bitcoin. You can advertise that you would like to buy or sell bitcoin, and you can trade with other users of the localbitcoins website. Trades can happen on the website using escrow and bank transfers, or you can meet the buyers in person and trade cash. Click here for a tutorial on how to buy bitcoin on localbitcoins It is possible to use your PayPal account to buy bitcoins online suing the VirWox exchange to first purchase Linden $ (currency used in the game Second Life) and then using those to buy bitcoin. Using PayPal is risky for the vendor as the transactions can be reversed, so there might be limits to the amount of bitcoin you can purchase in the beginning. Click here for step by step instructions on how to buy bitcoin with PayPal . Buy bitcoin using your credit or debit card If you would like to buy bitcoin using your credit card, CEX.IO is the place to go to. Follow our guide to get registered, add your card to the system, deposit money, and finally buy bitcoin. Pay the USD or EUR rate for bitcoin on the CEX.IO exchange, with a 3.5% credit card fee + $0.25 fee for deposits. Our step by step guide to buy bitcoin with a credit car Continue reading >>

Coinreport Zabitcoinatm Brings Bitcoin To Johannesburg - Coinreport

Coinreport Zabitcoinatm Brings Bitcoin To Johannesburg - Coinreport

As weve said before , the third world offers an unprecedented opportunity for Bitcoin to take up the slack left by failures of local governments and economies. Africa certainly qualifies as an underbanked region and prime target for Bitcoin adoption up to 80% of African adults have no bank account. ZABitcoinATM, a company local to Johannesburg, South Africa, is trying to fix one problem in particular with Bitcoin the problem of remittance fees. Every year, African expats working abroad send back more than 50 billion dollars to support their families. This money is subject to major fees, as high as 12% in the case of Western Union. Bitcoin, in contrast, has very low transaction fees, and allows money to be sent very quickly from any country to any other with no paperwork or fuss to speak of. Unfortunately, whats generally lacking is an easy way to convert Bitcoin back into local fiat currency, or to spend it directly. ZABitcoinATM hopes to help with that. The plan is to deploy Bitcoin ATMs across South Africa, allowing users to exchange Bitcoin in both directions, making it easy to receive Bitcoin from overseas, or convert cash holdings into Bitcoin if necessary. This could be a huge boon to the unbanked, and help allow for tighter and more efficient international economics. ZABitcoinATM is explicitly targeting Western Union and its ilk, and attempting to provide a better way of moving money into (and out of) the country, and making cryptocurrency history in the process. The ATM will be the first on the continent. The first Bitcoin ATM should arrive in the Midrand region of Johannesburg by the end of June. Raised by a pack of feral journalists, Andre is a lean, mean, insight machine, who sleeps with a copy of "The Wealth of Nations" under his pillow and has strong feeli Continue reading >>

South Africa's First Bitcoin Atm Comes To Johannesburg - Memeburn

South Africa's First Bitcoin Atm Comes To Johannesburg - Memeburn

By Staff Reporter on 20 August, 2014 Memeburn If youre not virtually mining it or relying on the kindness of the internet, the most common way of getting Bitcoin cryptocurrency is to trade at an exchange. The latter requires you to make an EFT, which can take a few days to complete, and requires you to manually match bids on the exchange. Another option is trading your cold hard cash for Bitcoin. This is done using a Bitcoin ATM like Lamassus machine recently launched in Johannesburg, South Africa the first of its kind in the country. Rolf Deppe and Monre Botes from local IT coaching company Tremendous Learning are responsible for this initiative. The machine was installed in Kyalami, Johannesburg at a mens salon called Metroman , and the pair hopes to implement more machines across South Africa in the near future. According to the site, the machines cost US$6 500 (about R65 000) each. TechCentral further notes that the machine charges a transaction fee of 6% that goes to Tremendous Learning. We are also looking at putting machines in Pretoria and Cape Town, but we will use a much cheaper model that costs about R10 000, says Deppe. To use the machine, youll need a Bitcoin wallet on your smartphone ( see list of popular alternatives ). The Bitcoin ATM then scans your wallets unique QR code, takes the cash youve inserted, and voila! You have yourself some cryptocurrency in a matter of seconds. These are exciting times for the digital currency in South Africa. Just a few weeks ago PayFast partnered with the local exchange, BitX, to add a Bitcoin payment option to more than 30 000 online shops , including one of the countrys largest commerce sites, Takealot. Continue reading >>

Africas First Bitcoin Atm Ready For May Launch

Africas First Bitcoin Atm Ready For May Launch

Africas First Bitcoin ATM Ready for May Launch May 20, 2014 at 19:10 UTC|UpdatedOct 2, 2014 at 10:04 UTC Johannesburg, South Africa, will reportedly become the first city on the continent to host a permanent bitcoin ATM this May. The start-up behind the plan, ZaBitcoinATM , says it ordered a Lamassu machine in February, and that it expects to receive the unit within days. ZaBitcoinATM revealed more details about the forthcoming launch in a Bitcoin Talk forum post , explaining: "We are in discussions with several restaurants/coffee shops and will be coming to a conclusion as to the final location once we have shown the interested parties the device." If all goes according to plan, Africa's first bitcoin ATM will be in service by the end of the month. Johannesburg may seem like an obvious choice for the country's first bitcoin ATM given its position as financial center, however, it may not have the only unit for long. A second bitcoin ATM is reportedly on the way, and it's coming to Cape Town. ZaBitcoinATM has invited Cape Town's bitcoiners to help choose the right spot for the unit via its Twitter account. Our next Bitcoin ATM will land in Cape Town, soon. We are open to suggestions as to the most convenient place for our users? -- 1st African BTC ATM (@ZABitcoinATM) May 20, 2014 The deployment is a sign of increasing bitcoin interest in Africa, asa number of charities and companies are looking at potential applications for bitcoin in the region. Additionally, many view the remittance market as the biggest opportunity in Africa. In a recent interview with CoinDesk , Kipochi co-founder Pelle Braendgaard explained why he believes bitcoin could make inroads into developing countries. Further, the work of companies like Robocoin to turn its ATM network into a global remitta Continue reading >>

Bitcoin In Gauteng | Gumtree Classifieds South Africa

Bitcoin In Gauteng | Gumtree Classifieds South Africa

Special on S9 Miners ASIC Bitcoin Miners Special includes 1600 Watt Power SupplyMiner linking to Pool account and wallet setup. (Plug n play)Physical Inspection & testing to ensure you get a 100% working minerPower CableNationwide shipping Published in: Other Electronics , Eastern Pretoria We offer many solutions for business owners who wants tobecome part of the lucrative crypto business to buy and sell Bitcoin and other cryptocurrencies in their stores. We offer One Way and Two-Way vending machines and also virtualsolutions that can turn any pay point, computer, or smartphone in to a BitcoinATM no hardware needed. We do all the server setups so that it is a plug ... Published in: Other Electronics , Eastern Pretoria Antminer L3+ Including power supply (Mine Bitcoin) Selling 4x Antminer L3+ including power supplies at R35 000 each. 3 Months old.Also have 4x 7 Card GPU Rigs available: (Mine Ethereum)7x RX480 4GB cards1300 EVGA PSUHashing between 180-190. Each Rig consists of: Central Processing Unit4GB DDR3 RAM SSD, preloaded with operating systemGPU Rigs @ R35 000 Each In great condition.Available immediately.Based around Fourways area.Will assist with setup if needed. Published in: Other Electronics , Fourways Oettinger Rear spoiler for Mk7Colour: Gloss BlackFits Mk7: Tsi, Tdi, Gti, R, ClubsportInstallation: Fits over original spoiler. Whatsapp: 0787223957Email: [email protected]: 0815378688Visit our online store courier services available, South Africa only.We accept debit, visa & master card payments as well as eft & Bitcoin.Visit our online store to place your order:www.sosperformance. ... Published in: Accessories & Styling , Johannesburg South Please see the link below to view our full product catalogue:place an order, please visit our website www Continue reading >>

First Bitcoin Atm Hits South Africa

First Bitcoin Atm Hits South Africa

August 21, 2014 Nicolise Harding Articles , Interviews , News & Events , Opinions The first Bitcoin ATM has hit the streets of Johannesburg. Rolf Deppe and business partner, Monre Botes, are the geniuses who decided to run the LamassuBitcoin vending machinefromthe new Metroman salon situated in Kyalami, Midrand. This willbe the nextstep to tweak the interests of all hipstersfor a face to face experience of Bitcoin currencies. We had a chat with Rolf, who together with Monre runs their business Tremendis Learning , about his future plans and venture into Bitcoin: How did you come across the idea for the Bitcoin ATM and why in JHB first? My business partner and I, Monre Botes were watching the Bitcoin ATMs sprout up all over the world, with a noticeable lack in Africa. By middle of February we decided to simply try it, ordered a Lamassu, and the rest is history. The location in JHB was chosen specifically as we live there, and we do need to get to grips with the new technology and setup, so having it close by was more suitable. How receptive is the JHB community towards Bitcoin? There is some interest, but I dont think close to what the interest is in Cape Town and Stellenbosch at the moment. Obviously, we would like to also drive the adoption in Jhb. What work challenge keeps you up at night? What are the biggest benefits and largest risks of doing business with Bitcoin? Obviously the possible growth and upside of Bitcoin is there. It is really in its infancy still, probably like the internet was in say, 1992? So if Bitcoin takes off like some expect it to, then the upside would be tremendous. The growth in usage and perceived value has been substantial in the last 5 years, eclipsing pretty much any investment known to man. The risks well obviously there is concern that Continue reading >>

Bitcoin Atms Reach 400 Units Worldwide, 2-way Machines On The Rise

Bitcoin Atms Reach 400 Units Worldwide, 2-way Machines On The Rise

Bitcoin ATMs Reach 400 Units Worldwide, 2-Way Machines on the Rise The number of Bitcoin ATMs across the globe has hit 400. Meanwhile, operators are reportedly making US$1-3K monthly of their Lamassu units, 2-way machines are on the rise, and other interesting metrics from CoinATMradar The number of Bitcoin ATMs across the globe has hit 400. Meanwhile, operators are reportedly making US$1-3K monthly of their Lamassu units, 2-way machines are on the rise, and other interesting metrics from CoinATMradar. On October 28, 2013, Bitcoin's quest to enter the mainstream passed a milestone when the world's very first ATM was installed in a downtown Vancouver coffee shop. The machine, a Robocoin two-way bitcoin ATM, generated lots of buzz and managed to proceed over CA$100,000 in 348 transactions in the first 8 days of its existence. A year and a half later, the number of bitcoin ATMs has rose sharply, today reaching a total of 400 machines available around the globe. According to metrics from Coin ATM Radar, a website that tracks the bitcoin ATM industry, one ATM is installed every two days, outlining the growing demand. 2014 was without a doubt, the year of momentums with the launch of hundreds of bitcoin ATMs around the world, notably in Eastern Europe, Southeast Asia, Latin America, Africa and the Middle East. While the bitcoin ATM industry experienced impressive growth in 2014, North America has been, and still is, leading the way with 133 machines installed throughout the U.S., and 69 machines in Canada. Between them, the two countries host more than half of all the machines available worldwide. The geographical breakdown shows that Europe follows North America with 30% of all bitcoin ATMs followed by Asia with 10% (43). Africa remains the most underserved continent with o Continue reading >>

Bitcoin For The Poor - Cash Transfers In Africa

Bitcoin For The Poor - Cash Transfers In Africa

THE affluent Midrand area of Johannesburg is about to make history. By the end of June a local company, ZABitcoinATM, hopes to install Africas first Bitcoin ATM. The machine will allow clients to insert local cash and change it into the crypto-currency minted on the internet, to be used at nearby businesses which have joined the scheme. Up to 80% of African adults have no bank account, but at least 16% use mobile-money platforms. The continent annually receives $50 billion in remittances, which are subject to fees of up to 12% charged by wiring services like Western Union. If one could improve internet access and provide immediate conversion into local currencies, entrepreneurs speculate that Bitcoin might be able to undercut remittance services. Zach Harvey, the chief executive of Lamassu, the ATMs manufacturer, could train his sights on companies like Western Union. But first he will have to overcome a number of hurdles. Bitcoins remittance pioneers face the same anti-money-laundering and cash security issues that drive ordinary transfer fees so high. Then theres the unknown of local governments' reactions to such little-regulated exchanges. According to Marcus Swanepoel, owner of the regional BitX exchange, the most immediate opportunity may be Bitcoins facilitation of cardless e-commerce. ATMs ease the casual consumers access to small sums for use online and off. It may be some time before Bitcoin ATMs and similar innovations reach the unbanked. But they have come a step closer to entering the formal economy. Continue reading >>

The Bitcoin Thread - Page 131

The Bitcoin Thread - Page 131

That doesn't work for everyone - some of us do shorter term investment Like... sell before it dips, buy alts, buy back in when it's looking more bullish. IMO even $5k is a push in the short term. ok, so what are the chances that this is partially artificial, pump and dump or whatever ? Bitcoin isn't even worth $70 billion thats not even a mid cap Bitcoin isn't even worth $70 billion thats not even a mid cap Cool. You sticking to $95k ? I can't see it going that high ? EDIT: Wait, you're saying it will only increase from here ? Last edited by etienne_marais; 13-08-2017 at 01:14 PM. Cool. You sticking to $95k ? I can't see it going that high ? Trade for the lowest fees in South Africa, register for an EasyEquities account today by clicking here now! Still hard to believe that just the other day it was 12k/ZAR and I was waiting for it to hit 10k to buy more. When do you think bitcoin will pull back in the short term? "We are taught to accept whatever we are told as true, no questions. The more official the source is, the more likely the majority will believe." - Nanfeishen Cool. You sticking to $95k ? I can't see it going that high ? EDIT: Wait, you're saying it will only increase from here ? Also saying I'm planning on taking profit at $95k by 2020. Sounds rediculous I know, just imagine when I bought at 200 ish and someone told me btc will be 1740 soon, I thought the guy was a lunatic and then I understood what it means when people say this is the next evolution of money like notes was to gold and plastic cards was to cash. Continue reading >>

Bitcoin Mining Hardware | Bitcoin Mining Hardware Suppliers In Africa

Bitcoin Mining Hardware | Bitcoin Mining Hardware Suppliers In Africa

Invest in a passive income today, we supply the most efficient hardware available on the market! With over 6000 Deliveries since 2015 stickwith the established Bitmart for all your Crypto Currency Hardware all in one place, tried and tested by the experts! Official Resellers & Distributors of KeepKey, Ledger, Canaan Avalon , Trezor, BitVault and Obelisk. Bitcoin is n Krypto Geld Eenheid. Dit is n digitale stoor van waarde. Dit maak gebruik van n kriptiese enkripsie tegniek om transaksies the encrypt.Daar is nie n enige Sentrale Bank of politike reguleerders betrokke nie. Bitcoin is dus nie onderworpe of blootgestel aan Sentrale Beheer nie derhalwe maak dit die betaaleenheid veilig en baie min vatbaar vir korrupte manilulasie. Bitcoin Mining, as its called, is a process where transactions that take place in Bitcoin, which gets added to the Bitcoin public Ledger by means of a 3-factor verification (each transaction is verified by 3 independent Bitcoin Miners). You earn the transaction feesthat accompany the transactions you verify as well as a portion of the block reward issued in relation to your contribution to complete the block, once the transactions are written into the block (the public ledger.) Bitcoin and other Crypto Currencies enable anyone the freedom to easily invest speculate and trade in these digital commodities from the comfort of your cell phone or Personal Computer. You can convert Bitcoin and other Crypto Currencies to Fiat Currency easily through a number of exchanges. Contact Bitmart today for a quote on Crypto Currency Mining Hardware to help you secure a passive income. Bitcoin is accepted in almost every country in the world You can trade your Bitcoin for USD, ZAR, EUR, YEN & more. Takealot.com, bidorbuy.co.za, superbalist.com, IBM, Microsoft, Vir Continue reading >>

Does Anyone Know The Location Of The Bitcoin Atm In South Africa? : Bitcoin

Does Anyone Know The Location Of The Bitcoin Atm In South Africa? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Lamassu Bitcoin Atm For Sale

Lamassu Bitcoin Atm For Sale

We brought in the first Bitcoin ATM to Africa. It has been running, however for several reasons we are looking at selling it. 1. Collecting cash from an ATM is a risky procedure in South Africa and I do not feel comfortable doing this anymore. 2. We are doing well simply dealing directly with people and doing electronic transfers. We feel that having an ATM is a bonus, but mostly due to 1. above, we feel more comfortable not dealing with cash on a constant basis in South Africa. We have had a special 8mm bracket made for the unit which enables it to be mounted on either a flat horizontal surface (counter top) or vertically to a wall. This is in addition to the ATM and I am happy to ship it with this item. Happy to sort out the shipping, depends on the price that can be agreed upon. If you are interested please contact me. I know people within Lamassu who can vouch for me if you are concerned about the transaction in any way. I am also the author of the CoinATMRadar iOS app so that should also add to some credibility. 4300 USD for the machine. Shipping and insurance included. Bracket worth 500USD included. Please PM me if you wish to take this further. Continue reading >>

Sa Gets First Bitcoin Vending Machine

Sa Gets First Bitcoin Vending Machine

Twitter Facebook Google+ LinkedIn WhatsApp Reddit South Africas first Bitcoin vending machine has been installed, giving users the ability to get Bitcoin in exchange for rand. The difference between a Bitcoin ATM and a Bitcoin vending machine is that the former dispenses cash for Bitcoins, while the latter provides Bitcoin in exchange for a local currency. Rolf Deppe and his business partner, Monre Botes, run the Lamassu Bitcoin vending machine through their business Tremendis Learning. We decided in February that we wanted to bring a Bitcoin vending machine to South Africa. At the time there were about 100 around the world , but none on the African continent. We wanted to push the envelope, so we ordered one, and three months later it landed on our shores. The vending machine is situated in Kyalami, north of Johannesburg, at a business called Metroman . Its a friends shop, which opened on 1 June, says Deppe. Deppe is an Android and iOS application developer and is writing apps that can be used with Bitcoin. He says he is also considering establishing a Bitcoin exchange in South Africa. That wont be a first, though. The use of Bitcoin by South African vendors is still very limited, and the idea for now is to educate merchants about Bitcoin. Deppe hopes he can encourage more businesses to adopt the virtual currency. The company also hopes to become the go-to guys for merchants wanting to accept Bitcoin. The Lamassu vending machine earns Tremendis Learning 6% of the value of each transaction, but considering the cost of the machine, it wont be recouping its investment. It cost them about R75000, including importation fees. We are also looking at putting machines in Pretoria and Cape Town, but we will use a much cheaper model that costs about R10 000. To get Bitcoin at th Continue reading >>

More in ethereum