New Zealand Bitcoin ATM Operator Runs into Issues With Banks, Shuts Down

From NEWSBTC

“It’s generally with great excitement that a bitcoin ATM launches in new frontiers, but a New Zealand bitcoin ATM operator has announced they’re shutting down operations due to interference with banks.

Bitcoin Central — self-labeled as ‘NZ’s bitcoin ATM provider’ — published a statement on their official website declaring their operations were “now closed,” pointing the finger almost instantly by stating, “Its [sic] the banks.”

Specifically, it would appear as if the operator is unable to secure a banking partner — an issue many bitcoin start-ups have been dealing with.

The statement in full:

‘Unfortunately, despite complying with all the legal requirements we have been unable to secure banking facilities. Without these the Bitcoin ATM business cannot operate long term. The negativity from the banking sector to Bitcoin also threatens the ATM owner’s other businesses. For me it is prudent to shut the ATM down. If you have any interest in purchasing a second-hand bitcoin ATM with compliance documents. Please get in touch.’ “

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New Zealand Bank Ties Home Loan Rates to Facebook ‘Likes’

From "The Financial Brand"

“ASB, one of the biggest banks in New Zealand, is taking a page straight out of Groupon’s playbook and adding a lottery twist. It’s a first in the banking industry, and one of the most innovative ideas to come out of the social space this year.

Every Wednesday for four weeks, ASB’s “Like Loan” will give Facebook users the opportunity to win a special home loan rate. Four lucky winners will be selected to receive a reduced fixed-rate home loan based on the number of Facebook ‘Likes’ accumulated on the promotional app that day.”

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