Total banking outage at National Australia Bank (NAB) – no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch.

Total banking outage at National Australia Bank (NAB) - no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch. submitted by /u/junglehypothesis
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Bitcoin – The Currency of the Internet

Bitcoin ATMs Reach 3061 in Number, 1000 added since December, Installations Growing at 10 Percent a Month

Notable stats:

Average machine does 30k a month in sales at an approx 9 percent gross margin

3 million a day in total sales for all machines

90 percent of sales are cash for bitcoin

10 percent are bitcoin for cash

340 Machines added in April

Sources: https://coinatmradar.com/charts/ https://coinatmradar.com/blog/category/bitcoin-atm/statistics/ https://coinatmradar.com/blog/revenue-and-costs-of-running-a-bitcoin-atm/

submitted by /u/olesentv
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Bitcoin – The Currency of the Internet

Bitcoin ATMs Thriving in Michigan’s Most Populous City (news.bitcoin.com)

Low-income areas in the city of Detroit are seeing a bunch of cryptocurrency-based automated teller machines (ATM). According to local reports, ATMs are popping up in great number in liquor stores, gas stations, and cash-checking locations.
Also read: Bitwala Launching Full-Fledged Crypto-Friendly Banking Service with Debit

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