Bitcoin swipers have made their first debuts and this is a proud moment for our industry. To say bitcoin swipers is to say "handheld terminals which dock bitcoin from consumer's wallets" Though a bit step, there are still a couple things which we need to make seamless transactions in store establishments. Swipers and point of sales systems need to communicate. That is so say when Joey comes and buys a candy bar that amounts to $2.14 (.14 being tax) 0.000022 is the mBTC due. Now, without the PoS communicating with the reader, you would have to manually enter that mBTC amount into the reader. How cumbersome and potentially error laden! We need to get PoS providers to allow us (in the bitcoin pos field) to get access to their systems so that OUR swipers propagate and record transactions. This is ever-evolving, we already see Square PoS losing traction to Toast and other competitors. I am going to coin this "swiper and pos integration" this integration is going t...
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Showing posts from November, 2024
Thanksgiving week Bitcoin ATM matters:
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1. Bolting machines to the ground yes or no? 2. Flat rate of rent or revenue share? 3. Getting your locations on Google Maps. 1. Bolting machines to the ground “by using redhead bolts” is a common practice by operators. This secures ATMs against theft in respects to to smash and grabs. It also protects against irate customers pulling machines down. Let’s be honest, many of our machines are in at risk stores so this is a good precaution. In business, it is another hinderance…You have to source a contractor at times to do this task.. and we care about placing as many ATMs as we can AS FAST as possible. Perhaps your attorney can add a clause to mitigate this? Saying something like “Business will not hold ATM owner liable for any crushing or injury that may occur from tip-overs? Or you can put a sticker on the machine with such language. 2. ATM companies offer hosts a flat rate, revenue share or a combination between them both. What is the consensus for hosts? What do -they- p...