Would a Bitcoin ATM operator business be viable in Pakistan?

Asked Feb 11, 2016· 1 answer ·Asia, Bitcoin, Pakistan, South Asia
Faisal KhanAnswered Feb 11, 2016
Probably not, but then who knows. The demand is low. Very few people know about bitcoins.

Of greater concern is that cash dispensing and/or deposit machines that do not yield a physical product, and are used for depository or dispensing functions are regulated in Pakistan.

You'd need a license from SBP to operate these machines. I personally think, you'd have better luck with a Bitcoin POS machine (like Coinkit's POS terminal). See: Page on coinkite.com

Another issue with a Bitcoin ATM is what will you connect it to? What cards will it accept? How is the processing capability for card acceptance achieved? No bank in Pakistan will allow you to connect on their ATM host or acquiring network if Bitcoins are involved.
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