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Kriptolink POS / ATM terminal


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I have been playing around with this Kriptolink point of sale device, that kind of doubles as a bitcoin ATM. Its pretty cool, and a nice way to be able to get customers to pay you in bitcoin. You can use it to take payments, and also let customers use it to buy and sell bitcoin. I have been away, so didnt get a change to set it up until today, and so far I am liking it. I dont need a point of sale device, but I liked the idea of a portable bitcoin ATM.

 

I have connected it to the API of my account on the ice3x.com exchange. A potential customer can choose to buy or sell bitcoin with me. If they buy, then they give me cash, and they scan their wallet with the device. Then using the price on ice3x plus my profit that I can adjust, they are charged a price for the amount of fiat they want to spend. After it goes through, my wallet send the bitcoin to theirs,

I keep the cash, and the terminal market buys back the same bitcoin I sold on the the ice3x platform. So the bitcoin I sold is replaced, and I make a profit, and the customer gets their bitcoin for cash.

 

If anyone is interested, I did a blog post on it a few months ago, you can read more about it here: https://www.bitcoinzar.co.za/kriptolink-bitcoin-atm-pos-terminal/

 

Oh yeah, this is a 100% local system. The guys behind it are South Africans :) Local is lekker!

 

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