Karel Kyovsky on Manufacturing Bitcoin ATMs - WBD136

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 13 August 2019

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Skype
Date: Sunday, 21st July
Project: General Bytes
Role: Owner

Since the first Bitcoin ATMs started appearing in 2013, the market has grown at a significant rate, seemingly unaffected by Bitcoin’s volatility. With a fast-paced market and strong competition, manufacturers have to keep up with a growing demand for machines and new feature requests.

General Bytes has become the largest manufacturer of Bitcoin ATMs with over 1,700 machines in over 40 different countries (according to Coin ATM Radar). They are now faced with navigating the regulatory landscape and finding a business model that is sustainable in this new and emerging market.

In this episode, I speak to Karel Kyovsky the owner of General Bytes. We discuss how they stay ahead of their competition, the challenges of implementing The Lightning Network, security and regulations.

Transcript

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0:00.0	Welcome to the What Bitcoin did podcast.
0:05.0	Hi there, how are you all?
0:08.0	Welcome to the What Bitcoin did podcast, which is brought to you by Cracken.
0:11.0	Are you all well?
0:12.0	It's pretty good for me having a nice long
0:14.2	breakout here in Vietnam. Nice to get a holiday in after all the work this year.
0:18.8	Did you enjoy my first show dedicated to the ATM part of the Bitcoin industry yesterday discussing
0:23.9	the operation of ATMs. Well today we move on to manufacturers and I have an
0:28.1	interview with Carol Kioski from General Bites but first I do have a message
0:32.1	from my show sponsors. So firstly, today's show is brought to you by
0:35.6	coin ATM radar. Buying from a machine is much more reliable and safer from meeting some random
0:41.6	person in a random location.
0:44.0	With coined ATM radar, you can find Bitcoin ATMs and other services where you can buy or sell
0:49.0	crypto for cash. On their website you can search by coin, and you can also search by geo area so country state and city
0:57.0	You can also filter results a lot of people complain about the fees for Bitcoin ATMs or you can even filter by lowest fee.
1:04.6	They also have a mobile app which is available on Apple and Google App Stores and they also
1:08.8	fully support operators.
1:10.8	So if you operate one or even several machines it definitely makes sense for you to
1:14.4	submit your information about locations to coin ATM radar which is free of
1:18.8	charge and will bring additional visibility to your servers. If you want to find out more head over to
1:23.4	coinatm radar.com which is co-I-N-A-T-M-R-A-R-com. Also today's show is brought to you by LibertyX. If you want to buy
1:34.4	Bitcoin instantly and I want to wait days for a wire or bank transfer you definitely
	...

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