The bitcoin ATMs seem to be accumulated in some specific countries as per the coinatmrader website and I guess that follows the local government rules and regulations. I would like to see them come to more countries but I guess this will follow the same order as western companies did gradually moving to eastern countries.
I do feel encouraged to see such news come up, hopeful that in future I can at least wake up to see a bitcoin ATM in my neighborhood grocery store and people use that regularly without law enforcement breathing down their necks.
Good or bad, this instills hope for such a future and criticism and finer points being kept aside, I hope this project goes ahead and makes a name for itself.
Bitcoin ATM distribution is significantly influenced by the state of the law in the area. There will be a change in availability and acceptance of Bitcoin and other cryptocurrencies as their validity grows, in my opinion. Seeing Bitcoin ATMs pop up all over town is an exciting prospect for the future. In all seriousness, this would be a huge step toward making Bitcoin transactions commonplace. It is crucial to maintain optimism despite the fact that we recognize the legal and regulatory difficulties that such endeavors confront. There are many others who share your excitement for Bitcoin, and we can all work together to keep bolstering efforts to spread the currency.
That is of course true but also depends on the wealth of the nation as well. When you have it on the USA or western nations you know that people have the money for it and they will use it, you can use it on lower income nations as well, but would you do it on Somali even if they allowed it? Like let's assume Somali as a government ended up making bitcoin legal, even further, made it legal tender, would you put an ATM there? Of course not, why? Because they are a poor nation, it will not bring you much profit.
This is why it is important to remember that we are going to end up with a problem one way or another, it just has to be a different approach eventually and you will do much better on the long run and it will give you some profit in bigger economy nations.
