PSA: BTC ATM insurance is necessary
To all the folks out there looking to enter the Bitcoin ATM market, do yourselves a favor and purchase insurance. My buddy and I recently purchased a GeneralBytes ATM, and our dream of one day operating hundreds of Bitcoin ATMs has been crushed due to an act of vandalism and attempted theft.
The good news? We withdrew all the cash the night before so no funds were stolen.
The bad news? Our machine is destroyed and we haven't made enough money to purchase another.
So here's a public service announcement to all the other BTC ATM operators our there: BUY INSURANCE! It's worth it. We thought we were "saving money" by neglecting to purchase insurance but our failure to do so has cost us everything.
Don't be like us. Buy insurance for your BTC ATM!
Submitted February 25, 2019 at 07:09AM by BitkingBitcoinATM http://bit.ly/2BRTFAr
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