DASH KIOSK Pre-Proposal

Miner237

Well-known Member
Foundation Member
May 28, 2014
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Hello all I would like to start up this discussion of creating a treasury backed DASH kiosk network. I wanted to find out what the interest levels would be about the network supporting such a system that is designed to be "not for profit". I know there are some heated opinions about ATM and funding them so lets hear it all.

Using the General Bytes BATMTwo and the Lamassu platforms I am intending to launch these DASH kiosk under full legal compliance in the state of New Jersey later this year. Regardless of what comments may come of this post. My legal team and I have been hard at work this year and last to ensure our AML and KYC policies are well written and tested. Earlier this year (March) DASH funded two ATM projects one of which was mine. This unit is on order and pending customs clearance. I originally intended to service and sell several multiple crypto's offering DASH for no service charge, since the machine was sponsored by the network. Recently I have been thinking we can make this bigger and available to more people if we just had a little funding and a full time person managing it. If the treasury board would consider such a project it would be made DASH exclusive, operating not for profit but existing to fulfill the needs of distribution to unbanked in the USA.

For an individual business to put a CryptoATM into their shop they have to find a provider that complies with laws in their local state, as well as Federal laws or risk the consequences. This makes it is cost prohibitive for any business owner to operate just 1or 2 kiosks. You need companies offering to place machines into business that want them and this is where I come in. I can create a program which would allow for individuals to operate the machine while they collect the cash and we verify the customers for AML compliance.

After doing some research I found a few sites that calculated the cost to obtain money transmitter license in all 50 states. The number was surprisingly lower than I had expected. Currently estimated to be $175k to establish said license and approximately $135,000 each year to maintain the license. That's as small as 30-50 DASH per month from the budget to operate such a program....

Comments Please
 
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TanteStefana

Grizzled Member
Foundation Member
Mar 9, 2014
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Would you be able to create a binding contract that says ATM operators can not charge more than X% (preferably 1-2) You would undoubtedly have to hold insurance etc... So basically you would run a service to anyone who wants to open an ATM, to run their KYC, etc... I think you would need to get all your eggs in a row, before we could commit to such a long term project, but this could work hand in hand with alt36's plan to put ATMs at dispensaries. I really think you'd have to get everything ready, prove you can do it, etc... but it's a great idea.

Damn, I never hit enter, I'm so frazzled! LOL
 

ericools

New Member
Mar 30, 2017
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Fargo ND
I would very much like to see this happen. I am attempting to get an ATM setup in my home town (Fargo, ND). We were looking at the BATMThreeL+ as we would prefer two way capabilities. We have a local Bitcoin meetup with divers interests so we would want a machine that dealt with as many coins as possible. Though I would love to have Dash transactions be free and to offer some promotional literature on the machine for Dash.

You do not need a license to run an ATM in ND so just FinCEN stuff to deal with, but still more than I personally really want to deal with. If I were to purchase the machine would you be interested in operating it for us?

Feel free to give me a call if your interested in discussing it.

Eric Olson
218-979-7125
 

UltimateCrypto

Active Member
Nov 26, 2017
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This is a laudable idea, try and make it. Dash community needs to become first class and best. Kiosks owners deal with people alot so if you are planning something for transaction thus buying and selling. It great.
 
May 1, 2017
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we've had a bunch of ATM proposals go through and many of them have run into supplier-caused delays or other broken promises
whatever the eventual resolution here, we really need to find a reputable vendor...
How do we find out who is out there to partner with? we should be selecting from all the options available and weighing our decision carefully. What's the deal with BATMThreeL+? Advantages/disadvantages/prices/time to delivery with them? others?