If we can get these to accept Monero, it will be the holy grail of ATMs! Monero is borderless unlike the USD and other fiat currencies. If these ATMs can accept Monero, they can be deployed around the world.
I never thought I will see the day of a Goldback ATM, especially now. So is it really a pipe dream for XMR to Goldback ATM?
ATM’s of all types will accept Monero, eventually.
This is fantastic. Thanks for posting. I’d love to see them add XMR as a option in both directions for exchange.
I may reach out to them to suggest just that.
They kind of do now. In my neck of the woods The ATM network lets people set up one time codes for other people to withdraw from. See you set up a local monero transaction then go to the ATM and withdraw it…
We used to have that for a while, a few years back, and it was great. They dropped it though shortly after because aBuSe. They thought we wouldn’t abuse it for some reason.
It was supposed to be a one time code for YOU to withdraw withoud having to bring a card BTW, not other people.
these look so bait
Goldbacks have been around since 2019. They may not be for everyone, but it is innovative form of cash.
It feels more like a scam than an innovative form of money. I’m not sold on the intrinsic value of a few snowflakes of gold, assuming they are there in the first place.
I’ve been keeping an eye since the beginning and I can’t say I’ve seen interest growing. Other than the occasional 5 dolar novelty gift, you have to wonder what’s wrong with coins? They are easy to verify and way more durable. What is the innovation here? The need to trust an issuer?
Easier to carry in a wallet and use in small denominations. Can be melted back down if you want the gold out of it. I’ve read about a few small regions in the US where they have gained traction. They’ve focused on promotion in only a few states and areas from what I understand last I heard about this.
They had more info than I can provide on their site last I checked when I was first told about it and got curious but I haven’t kept up with the project. Just sounded interesting to me.
I like more options in the marketplace to compete against and provide alternatives to fiat.
Absolutely. Anything that gets people out of the fiat currency system and into something that functions like real money and doesn’t support malicious central banks and the endless problems they create.
GoldATMs are not helping and. I am sure these are way overprized and you will have a hard time finding any place accepting these flakes. They are probably designed to rip off drunk tourists.
Better stick to digital decentralised crypto currencies, which can be spent/sent worldwide via internet.
Here is an alternative Piped link(s):
https://piped.video/watch?v=mdwd6toiz1c
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source; check me out at GitHub.
