BITCF and SAMCO to Install Automated Check-Cashing Bitcoin ATMs in California
First Bitcoin Capital Corp (BITCF) and Simple Automated Money, Inc (SAMCO) have announced a partnership to introduce check-cashing Bitcoin ATMs into Northern California’s high traffic markets.
Also Read: Global Bitcoin ATM Proliferation Nearly Doubled During May
The Partnership With SAMCO Will Begin With a Trial of 3 Check Cashing Kiosks in Northern California
First Bitcoin Capital Corp have announced that they will be integrating check-cashing capabilities into high traffic ATM locations throughout Northern California in partnership with Simple Automated Money, Inc. BITCF is a publicly traded Canadian company that seeks to acquire bitcoin start-ups and invest in companies that are developing bitcoin software or hardware applications.
The partnership with SAMCO will begin with a trial of 3 check cashing kiosks in Northern California, before beginning a national rollout later this year. BITCF has also announced it has begun development for integrating bitcoin trading purchasing and selling capabilities throughout the current network of 85 SAMCO kiosks that are installed throughout America. BITCF has been distributing SAMCOs kiosks to medical cannabis dispensaries in California – an emerging market that BITCF seeks to capitalize upon.
A Big Month for First Capital Bitcoin Corp
It has been quite a busy month for BITCF, with other announcements that the company will be launching an ICO for an alternative cryptocurrency called Weedcoin. Weedcoin is proposed as an alternative payment option for the burgeoning cannabis industry, however, just like its major rival Potcoin, Weedcoin appears to offer nothing unique to cryptocurrency outside of a niche-specific name for marketing purposes. BITCF also announced plans to move ownership of its shares onto the bitcoin blockchain following recommendations by the company’s SEC counsel due to the required disclosures to OTC Markets – where the company’s shares were previously traded.
The company also garnered attention in April when it was announced that BITCF-owned cryptocurrency exchange COINQX would be the first exchange to offer speculation on the possible outcomes of the hard fork. It was announced that COINQX will be offering five additional ‘futures’, allegedly corresponding to different potential outcomes of the hard fork. The company added the following disclaimer to the announcement of said ‘futures’ markets, stating “none of these “futures” tokens are backed by BTC nor are they securities, derivatives or futures contracts, yet, they are rather mere fiat cryptocurrencies designed to predict the future from their present popularity (and/or lack thereof)” – leaving many skeptical as to what the tokens represent.
Have you ever used bitcoin ATMs? Share your experiences in the comments section below!
Images courtesy of Shutterstock and First Capital Bitcoin Corp
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