The ATM Industry Association has called on bitcoin ATM operators to join with it in promoting improved security and governance for virtual currency machines.
This is a good step into the right direction. We can`t close our eyes and think bitcoin will have been disappeared when we open them again.
Personally I am a fan of bitcoin and it is amazing how fast this virtual currency gained importance in our industry.
Very good article. I think there is a lot to learn from the existing ATM industry but at the same time I am surprised to see that none of the existing ATM manufacturers jumps on the Bitcoin bandwagon.
In some ways this reminds me of how the CCTV security industry was first ignoring the IPcam industry and Axis (IP cam maufacturer) was the laughing stock of the CCTV industry. Now, about a decade or so later they are market leaders in this field as every
new CCTV network is running over IP networks. Will the ATM industry suffer the same fate? I don't think so but it pays to keep your eyes open as the entire banking industry might change within the next 10 to 15 years because blockchain based technologies will
revolutionize the way we think about storing and transferring units of value.
© Finextra Research 2016