Robocoin kiosks are equipped with specialty hardware you will be hard pressed to find on any kind of ATM you have encountered before. However, incredible hardware is only one piece of the equation: every operator’s machine is attached to a centralized dashboard they use to easily administer all of their Robocoins.
The dashboard is currently split into seven categories:
The summary page presents operators with a visual snapshot of the overall profitability of their operation that easily segregates costs such as complicated exchanging and transacting fees with operational revenues. They can also easily monitor each machine’s various inventory levels effortlessly.
This page gives operators the power to enter settings that apply to the overall behavior of the application, such as email and sms notifications, automatic market exchange buys and sells for speculation risk reduction, per-user transaction limits and timeframes, and the number of confirmations to wait before executing a sell transaction.
Each kiosk has a wide variety of settings that let operators easily customize their machine given their business strategy and regulatory compliance needs. Fee amounts, transactional limits, pictures, groups, alert thresholds, and receipt times are easily accessed and modified. Additionally, each kiosk can be set to comply with various degrees of legal requirements: do you live in an area where you don’t need to collect identifying information but merely need to limit transaction volume? No problem. Do you live in an area where you must also collect user information and prove that the person transacting is associated with their provided ID? Robocoin kiosks can do this far more reliably than a human due to a special combination of our palm vein, dedicated hardware global ID scanner, and webcam facial comparisons. Robocoins can automate this one-time enrollment process by employing image recognition technology to identify proper right-hand samples from the palm vein scanner and do facial identification and recognition against the provided ID card and webcam sample. Any samples that do not meet a certain confidence threshold are submitted to the operator for manual reviewal.
Every single transaction is recorded and available to operators in excruciating detail: from transaction statuses, operational and errors logs, bill validator, dispenser, and printer activity, webcam photos, palm vein photos, market execution trades with id numbers, fee explanations, and various other application processes with timestamps are all available for each and every transaction. Robocoin transaction logs are an operator’s dream.
User activity is recorded and can be provably isolated to every transaction. Operators can set special limits for trusted users if they choose, revoke the ability to use the kiosk entirely, and analyze quantities and frequency at any time. Operators who enable KYC compliance join every other operator who has enabled KYC compliance to create a massively interconnected user network where a user who registered at a California kiosk can do business from a different kiosk operator in New York. User transaction activity applies to each operator’s compliance settings in this group to prevent nefarious buying behavior across operator boundaries. Operators who do not enable KYC compliance manage and operate their own segregated non-identified user network and do not join this special global group.
We have big plans to continually surface useful information to operators as we gain more input from our early adopters. However, very specific reports sometimes need to be created so we let operators export raw transactional data to a spreadsheet to generate and do business analysis. If you are currently doing Bitcoin trading, we feel you will be pleasantly surprised with the amount of financial data we capture and can export for your consideration.
Robocoin combines the very best hardware to facilitate the very best software solutions to give operators and their customers the easiest, safest way to exchange bitcoin… and we’re just getting started. :)