Short Story

Problem statement :

You cannot currently buy Cardano ADA from any Bitcoin ATMs. Boinnex owns and operates a network of Bitcoin ATMs and wants to add Ada support

Describe your solution to the problem

We will integrate ADA into the General Bytes Bitcoin ATM software. We will do this by developing an extension for ADA in the software.

Relevant experience

We own a growing network of Bitcoin ATMs. We also run the Cardano Abu stake pool and have actively been involved in Cardano since 2017.

Website/GitHub repository (not required) https://boinnex.com/
Detailed plan (not required) – Fill in here any additional details

We use the General Bytes manufactured ATM machines and they have over 3055+ machines installed around the world. We’ve been in discussions for some time with IOHK, General Bytes, and Vaccumlabs about adding support and understand the technical requirements. Information here: https://github.com/GENERALBYTESCOM/batm_public/issues/241

Scope of project:

ATM operators will be able to sell Ada and will have the following 2 buy strategy options in their system:

1 – Purchase coins from an Exchange and send them directly to a customer from the Exchange.

5 – Send coins to a customer from Exchange without purchase on Exchange.

To implement we will add an extension and commit it back to the public repository making the integration available to all ATMs globally.

There are sample integrations available inside this repo that are used in production

https://github.com/GENERALBYTESCOM/batm_public

 

Budget estimate

  1. The development estimate from Vaccumlabs is €5,000 euro ( including contingency) and can be delivered within 1 month
  2. This is an initial integration to allow all General Bytes ATM operators to sell Cardano through their machines though exchange integration ( Bittrex). Additional funds will be used for research and detailed technical specification of a Cardano hot wallet integration with Bitcoin ATM CAS software.

Performance Benchmarks:

  1. Today Ada is available at No Bitcoin ATMs vs Ada is Available in over 3055 Bitcoin ATMs by December 2021. Once complete the code will be merged into the master repository and instantly available to all ATM Operators.
  2. Today, Zero Ada sold at Bitcoin ATMs vs Millions of Ada sold at over 1000 Bitcoin ATMs by June 2021. (Note: not all operators will choose to support Ada, but we conservatively estimate that over 1000 Bitcoin ATMs will have ADA support by June 2021.) In total there are 10,860 Crytpo ATMs. 7,393 offer altcoin support, working out at 68%. 6,389 offer ETH support, working out a 58%. Based on market cap and growth, we estimate Ada will have 20-30% support in General bytes machines working out at around 600-1000 machines initially. You can see the share here: https://coinatmradar.com/charts/cryptocurrency-share/

Links

Requested funds in ada. Only use numbers! No symbols, letters, fractions. 120000

Which of these definitions apply to you? Entrepreneur, Stakepool operator

ADA in 3055+ Bitcoin ATMs Globally!

Goal: $120,000.00
By Bryan
1 Campaigns | 0 Loved campaigns

Story

Icon Boinnex

Boinnex – Ireland’s leading Blockchain and Cryptocurrency ProviderBitcoin ATM’s in Ireland – Boinnex – The largest Bitcoin ATM operator in Ireland. Bitcion OTC, Blockchain R&D and Blockchain Consulting.

GitHub

Cardano ada – api integration · Issue #241 · GENERALBYTESCOM/batm_publicIOHK would like to gain an understanding of what General Bytes needs to integrate ada wallet into their service. Please let us know what api’s you have tried to use and what was the result? We …

GitHub

GENERALBYTESCOM/batm_publicBATM Public Repository. Contribute to GENERALBYTESCOM/batm_public development by creating an account on GitHub.

Crypto ATM Support for Buy and SellInformation about support of buy and sell operations at crypto ATMs.

Vacuumlabs: We put the tech in fintechMove fast, learn and iterate your digital product with flexible software engineering teams and product designers from Vacuumlabs.

General Bytes cryptocurrency ATM machine producerBitcoin ATM location of General Bytes machines GENERAL BYTES s.r.o is a Czech company specializing in Android and Bitcoin as they mention…

Technical support for customersGet in touch with us in case of any problem or before buying a new Bitcoin ATM. We like to help you.

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