Welcome!

I am glad this got funded

All -
I think funding the placement of ATM machines to buy Dash is a bad idea. Sure, the ATM may charge zero fees to buy, but this just means that the fees and mark-up are just placed elsewhere like in the exchange rate the ATM offers. Also, if folks can allow the purchase of Dash from an ATM, why not just stand-up a web site to buy Dash? Why incur the hardware and HW maintenance costs? Costs to rent the spot? Why make folks find and walk up to a physical kiosk?
The *only* reason I see for a Dash enabled ATM would be if someone can use it to exchange Dash for cash. Until that happens, we should not fund Dash ATMs. A vague promise that this might happen in the future does not seem strong-enough to overcome the downsides of this proposal.

I hear what you are saying, for people who have exchange accounts setup they don't need to "go somewhere" but what about for people who don't, for people who might not have bank accounts to even link the exchange with, for people who are always asking well "how do I buy dash" now they can have a direct FIAT on ramp to DASH, no need to buy BTC and convert and trade etc....The bidirectional support is due this summer we intend to support selling DASH for CASH at the machine with somewhere between 3 - 8% conversion rate on sales to FIAT.

You got funded. Good luck. Hope to see DASH for CASH soon.

+1,000,000

Can I ask, do you intend to come back with a proposal to support the maintenance of the ATM or do you have the expectation that these will be payable via the fees you will received from the ATM use? If so, rather than just showing the upfront costs I'd like to see them all outlined in the proposal. There are other ATM project proposals and a lot of the budget might end up getting inefficiently distributed if upkeep is too expensive. The Dash community might need to be more selective about where these are positioned worldwide if ATM upkeep proposals are going to flood in. This is one concern I have so if you could clarify your expectations about upkeep funding that would help me come to a decision. thx

I do not intend to ask for operating costs later on. The rent or utilities costs should be covered from fees on BTC or other CVC offered by the machines, DASH will have zero fee to buy, just the same cost for me to buy from exchange and deliver at the machine. This summer GeneralBytes should have two way support and I will charge a fee to sell DASH to CASH. If these fees do not cover the cost to operate the machine I will still pay costs up to the cost reimbursed by the network to operate at a loss or if not at a loss until $70,000 in DASH volume has been surpassed at which point the fees would have made up for the cost of the machine.

How long do you plan to charge 0 fees on your machine? Provided your machine sees use, will you not make any profit indefinitely?

good question, this actually came up in dash nation chat. I added the update to the description here. I will offer zero fees and reporting until 70k in volume.

Voting No. Crypto is money for the internet. ATMs are money of the physical world. I am not aware of any successful crypto ATM project that gets a decent amount of use.

Voting yes, not overpriced or locking in multiple months, I like these kinds of proposals.

Voting yes

This seems pretty cheap for what we are getting. He's taking a significant risk. He has offered us access to the data, and he has a plan B if the volume is too low to make money. Voted yes.

im voting yes. Over time this will get us noticed.

Voting yes, don't make me change it ;)

I voted yes because phillidashia is a long time community member, and he says he'll keep the fees down to 0. He'll add the cash withdrawl when it's available from the BATM Mfg and has already applied and is awaiting his money transmitter license.

ATMs are freakishly expensive to use, and having one with low fees, or, hopefully, having many in many places eventually, is a great on-ramp for Dash users. Certainly this is a worthwhile experiment to see how many take advantage of the ATM.

Are there any regulatory or compliance hurdles that you must overcome to have the Dash ATM installed or are you 100% sure there will be no issue getting this approved by regulators?

Are there any other Dash ATMs in the USA at the moment? If you can indeed set up this Dash ATM in New Jersey, how will you choose the specific site? In other words, what are the qualities you're looking for in the area you choose (foot-traffic, presence alongside other ATMS or BTC ATMs)? Also, how will people know they could purchase or sell cryptocurrency at this location? Will you advertise and if so how, or will you rely solely on a Dash banner on the ATM to attract people?

Do you plan to offer the exchange of Dash without a fee to give us a competitive advantage over BTC exchange which would have a fee? This seems smart as we can attract the BTC users and then show them a more profitable cryptocurrency exchange option at the same ATM. Could you put a Dash advertisement on screen that acts as a screensaver? It could be made of 5-6 images of Dash's key features and advantages that replay while the ATM is idle.

Ideally, you would place this Dash ATM next to a known popular bitcoin ATM and then only offer Dash conversion to dollars and dollars to Dash but do so at much better exchange rates.

What will be the ongoing upkeep fees for this ATM for Dash if any? If there aren't any ongoing costs, that implies an ATM company with be making money off the ATM to keep it in service if I'm not mistaken. Please elaborate on how the exact arrangement might work long-term.

I'm sorry for lots of questions but I'd like to see this executed as well as possible

Yes I plan to offer dash at zero cost from this particular ATM if purchased by the network. I only charge a fee to convert DASH to CASH. However there are no other BTC machines to place it "next to any known popular bitcoin ATM" There are only about 4 total BTC ATMs in all of new jersey. Most are 80-90 miles north of here, none are two way machines.

As far as ongoing upkeep costs I listed some of the fees, depending on the placement there could be a monthly rental fee since there is not transaction fee to share with merchant shop owner. In a low traffic area that might be $50 / month. I am considering renting a kiosk in one of the big malls here for 2 months maybe that would be about $1000-1200 per month rent.

In regards other ATM running DASH in USA, I am not sure without contacting each operator. I have been in contact with several operators in California and in Denver, neither are supporting DASH yet.

As far as this area there are absolutely none of these units selling BTC or DASH down here is Southern Jersey. There are a few stores I have heard that will sell you BTC latterly over the counter right off their backend computer.

thank you for the multiple questions and thoughts, I care about DASH and starting this business and I am glad you are cautious for DASH. I may need to answer in a few replies as I am about to run out to a client site in 15 min.

Regulatory Hurdles, Yes its insane but I am in the final stretch no more jumping just waiting. for my business I haentity and register with multiple agency Fincen, MSB, undergo background checks, register all my finger prints with the Feds, complete a 5 year financial audit, take out a $100,000 surety bond each year, and every two years the company will need the CPA to do a financial audit of the company.

Yea I would also like to know more before I decide to vote yes. Mainly because the other ATM proposal expects a yearly cost of 25K to run/setup the ATM wich will only partly be paid in Dash. But you don't seem to mention any other costs besides the actual ATM.

Hello yes there is much cost and risk involved to run ATM in USA.
Yearly off the top of my head there is 700 license fee 5000 Legal fees 2500 accounting fees, the cost to drive around, firearms permits, rental space costs vary location TBD

I'm voting yes on this one, not yet sure about the other atm prop as I don't recognize the person submitting it.
IIRC Core is/was doing something like this too where the ATM fee's/profits go back to the MN owner's somehow automagically via the software. Seems like quite a feat to pull that off but one i'm looking forward to supporting as well.

I am new but I have a business license and tax ID if you'd like. You can be assured I will deliver, I am legally obliged. dash would only be paying a small portion of my first years costs which are around 25k Euros. But you'd be getting Dash access in a major city, lower fees for Dash users and Dash banding on the ATM. My proposal would have a strong motivator for people to use Dash over BTC.

I trust Tante's opinion a lot. Therefore, given the relative abundance of budget, i'll upvote.

I voted yes as per the reasons on the other ATM proposal. When installed can the community get access to the usage statistics? This is what is valuable to drive further expansion if the stats stack up.

Yes I will be more than happy to be open and transparent with transaction volumes on a weekly basis. I am trying hard to find a 24/7 location where the machine can really flourish. If i can not secure the 24hour location, I am also considering relocation the machine after a couple weeks to find how different locations affect sales volumes... Malls vs Conveience Store vs High Traffic Tourist Area