10 sats \ 1 reply \ @cryotosensei 21 May \ on: First time since July 2023 number of active Bitcoin ATMs worldwide has decreased bitcoin
Well with transaction costs amounting to 20%, who would want to use BTC ATMs in the first place? N they increasingly require KYC. All cons n no pros.
Here’s what I know about Germany: 3. Bitcoin ATMs are quite easily found in Germany. Kurant is the market leader for BTC ATMs and operate around 220 machines in Austria, Germany and Spain. It offers BTC, ETH and LTC, and the fees are 8% over spot. Yes, KYC is necessary.
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10 sats \ 0 replies \ @Cje95 OP 21 May
I think in the US so many users are used to KYC that they do not seem to care. Bitcoin Depot in their SEC filings noted a lot of usage was for remittances which the traditional way are crazy expensive as well... BTC would likely stand a better chance at holding its value if it is sent to say Latin America instead of traditional means where they would get the Peso
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