The Bitcoin ATM is currently online and processing bitcoin transactions and has been available to the public since the end of April, however, the official launch came more than a week later. The company has updated its Facebook followers on the status of the new ATM.
Open 24 hours, 7 days a week, the Bitcoin ATM was distributed by San Diego, California’s Genesis Inc., which, as the fourth largest Bitcoin ATM software developer, currently has a greater market share than Robocoin. The company has also provided Bitcoinnect with their ATM models.
As a software development company, Genesis focuses on solutions for Bitcoin ATM operators, with emphasis on Anti-Money Laundering and Know Your Customer options. Genesis markets an entirely white-label solution with barcode scanners, EMV card readers, optional fingerprint readers, a high definition camera and more.
“The Genesis1 is designed for the business-oriented operator, who is interested in maximizing the return on their time and investment while simultaneously providing much-needed liquidity and infrastructure to the “tangible” crypto-currency world,” Genesis CEO Evan Rose told CCN.
The Bitcoin Philippines Corporation is a group of entrepreneurs, bankers, lawyers, and IT specialists who aim to become the leading authority on cryptocurrencies in the Philippines, educating the Filipino people on their potential.