And since it’s so little value at once, they shouldn’t be subject to AML laws. Somebody check me there. lol
Plus this would be a great way for anonymous BTC, which means minors could buy Bitcoin lightning sats with their change instead of gumballs or whatever.
Make the fees just enough to break even. Popularizing Bitcoin is worth far more than making ATM income.
You might get too many quarters. Well, businesses are literally short on change. So you could probably get a premium on those quarters under the right circumstances.
How would it work?
Coin slot – quarters only, screen with instructions, indention with camera for scanning your QR code from your phone.
You could add a button for batching. So if you want to buy $1.75 of BTC, you put in your 7 little quarters and hit the GO button.
You don’t even need a button. Just scan the phone when you’re ready to withdraw the Bitcoin you paid for.
You don’t even need a screen, really. Just instructions:
Test the speed of the Bitcoin lightning network for only a quarter.
Put in quarters, scan QR code from your Bitcoin lightning wallet, get BTC.
If QR code isn’t scanned within 1 minute of last coin, your quarters are refunded. Don’t reuse QR codes.
submitted by /u/TurongaFry3000
[link] [comments]