nostr:npub1dqepr0g4t3ahvnjtnxazvws4rkqjpxl854n29wcew8wph0fmw90qlsmmgt has been working on a board to make the cabling a lot easier so will add ability to mount that to the facia as well.
Very nice! What's your primary use case for this device? This is the first time I've encountered it but I love the concept!
I can imagine it being posted at a community market to enable Bitcoiners to easily withdraw cash for the traders who are still no-coiners.
And due to the privacy of cash and lightning this is great 👌🏼
I imagine it sitting on counter tops of shops that accept Bitcoin. But open to ideas?! Can be wall mounted too. Working on a metal case version.
Aaah I see! It's for buying sats, not selling, got it 👌🏼 I can imagine more use cases for a sats to cash version of the machine due to all retailers already accepting cash (is that something we might get in 5he future?), but I guess if a retailer is interested in hosting a machine like this they will probably just accept sats anyway making that kind of machine redundant... but this cash to sats version is surely better for driving adoption 👍🏻 I love to see this kind of innovation 👍🏻
A machine that could do both would be pretty cool! This would need a cash recycler (accepts and dispenses). Although depending on demand might be more of a security concern as more cash sitting in it.
It would definitely be a higher risk target, but I guess if it's secured within a business and left emptied and visibly open every night the risks could be minimized as with conventional ATM's. I would love to see these appearing in my local convenience stores! 😅 have you looked into the legality of hosting these devices?
Whoever is running it could set up alerts to just go empty it whenever amount taken reaches a certain value.
In terms of legality, I think *technically* you need a money transmitter license in the UK - although at the same time they say #Bitcoin isn’t money - so not sure. I think however, for small amounts to friends and family that’s ok.
Technically you could run these in stealth mode as no KYC to run a node that dishes out the Sats with the operator unknown?! ;-)
Stealth (or even not) ATMs cropping up on BTC Maps would be pretty cool :-)
Oh, it works the other way round BTW. You put cash in and get Bitcoin out.
