RE:Basic question regarding profitability of the system ! According to Edward Vranic, there are currently less than 1800 bitcoin ATM locations worldwide. FTEC wants to launch more than 1000 points of sale soon. This means that if FTEC executes, FTEC will almost dominate the market instantly, at least temporarily.
According to https://blockchain.info/, the number of bitcoin’s transaction in the world during the last 24 hours was approximately 325,000.
According to Bloomberg (article from Nov. 14th), the median fee paid to process a transaction was 0.0017176 Bitcoin or $11.38 usd. This means that the amount paid to process all the transactions during the last 24 hours was around $3,700,000.00
If my maths are ok, we can say that the system would be extremely profitable !