✉news BusinessCrypto first seen 19 h ago, last 14 h ago, peak #9
Bitcoin ATMs in liquor stores draining savings, columnist warns
Original: Picture someone, maybe your mom, standing in a liquor store feeding one $50 or $100 bill after another into a bitcoin ATM. Dollar after dollar gone. See link below ⬇️ 📸 Susan Tompor, Detroit Free Press
A Detroit Free Press column by personal finance writer Susan Tompor is drawing attention to bitcoin ATMs located in liquor stores and convenience shops, where people feed in $50 and $100 bills at a time. The piece highlights the steep fees and irreversibility of these machines, which are frequently used by scammers directing victims to deposit cash as bitcoin. Readers are sharing warnings about family members losing money this way.
Why now: Concern is growing over bitcoin ATMs being used in scams and costing ordinary people money through high fees.
Susan TomporDetroit Free Pressbitcoin ATMs
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