Operating Bitcoin ATMs with Gil Valentine & Eric Gravengaard from Athena - WBD135

Mr Obnoxious

Peter McCormack

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

4.8 • 2.7K Ratings

🗓️ 12 August 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Chicago
Date: Tuesday, 2nd July
Project: Athena Bitcoin
Role: Compliance Officer, CEO and Co-Founders

The Bitcoin ATM market continues to grow, and according to a recent report by Coin ATM Radar there are now over 5,000 Bitcoin ATMs worldwide.

While the vast majority are located in the United States, a growing number are appearing in countries where the general population may have less access to proper banking infrastructure and greater economic uncertainty. In these countries, Bitcoin ATMs offer an easy to use FIAT onramp which allows people to hedge against fragile economies and extreme inflation using Bitcoin.

In this interview, I speak with Gil Valentine and Eric Gravengaard co-founders of Athena Bitcoin. Athena Bitcoin started out in Chicago but now operate across 8 US states as well as in Mexico, Columbia and Argentina. We discuss the challenges of growing a Bitcoin ATM business, operator fees and opening up to the South American market.

Transcript

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0:00.0	Welcome to the What Bitcoin Did Podcast.
0:05.0	Hi there from Vietnam, how are you all?
0:09.0	Welcome to the What Bitcoin Did Podcast, which is brought to you by Krakhan,
0:12.0	and this week is
0:13.2	ATM week of shows looking at the Bitcoin ATM industry. So the first show in this
0:18.7	series is an interview with Gil Valentine and Eric Gravengard from Athena Bitcoin who I caught up with in
0:24.6	Chicago last month to discuss operating a Bitcoin ATM business but before that I do
0:29.6	have a message from my show sponsors so firstly today's show is brought to you by
0:33.8	coin ATM radar. So buying from a machine is much more reliable and
0:38.9	safer than meeting someone, meeting a stranger. With coin ATM radar you can find Bitcoin
0:45.0	ATNs and other services where you can buy or sell
0:48.3	crypto for cash. On their website you can search by coin, address or even geo area, country state city,
0:55.8	and you can also filter results and for example by lowest fee,
0:59.5	people often complain about the fees.
1:01.0	You can use that as a filter.
1:02.3	They do have a mobile app which is available on the app. and
1:05.0	complain about the fees. You can use that as a filter. They do have a mobile app
1:06.0	stores and there is also support for operators on their website.
1:10.0	So if you want to find out more, head over to coinatm radar dot com, which is co-I-N-A-R-D-A-R-D-A-R-D-C-O-O-O-T-E-M-E-T-E-T-E-R-T-E-T-E-R-T-E-T-E-R-T-E-T-E-R-T-E-N-E-N-E-N-T-R-O on the app-O-O- Apple and Google App Stores. Also, today's show is brought to you by Liberty X.
1:25.0	If you want to buy Bitcoin instantly and you don't want to wait days for a while or bank transfer,
1:30.0	then you need to check out Liberty X.
1:32.0	They operate America's largest network of
	...

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