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Goldback ATMs! If we can get these to accept Monero, it will be the holy grail of ATMs! (www.youtube.com)

submitted 11 months ago* (last edited 11 months ago) by comcreator@lemmy.world to c/monero@monero.town

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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?

https://goldatm.com/

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[-] breadsmasher@lemmy.world 3 points 11 months ago

these look so bait

[-] comcreator@lemmy.world 1 points 11 months ago

Goldbacks have been around since 2019. They may not be for everyone, but it is innovative form of cash.

https://www.goldback.com/

[-] IP2@monero.town 4 points 11 months ago

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?