Robocoin- Bringing Bitcoin to the Masses

Journalist:
January 17, 2014

Robocoin is bringing kiosks to your local area, enabling the general population to transfer wealth into and out of virtual wealth.  The early adopters of Bitcoin have gained access to the advantages of this new technology through brokers and peer to peer interactions.  This access has been, up until now, offered to the most ambitious souls that are willing to find and use the existing infrastructure.  These companies have done a stellar job offering their services, even with the regulatory environment still catching up to this new technology.

Enter Robocoin into the marketplace.  The Robocoin ATM offers state-of-the-art compliance methods that allow operators to support “Know Your Customer” and “Anti Money Laundering” requirements that are common in other money transmitting kiosks.  Already operational in Vancouver and Hong Kong, expectations are for Robocoin adoption in the US in the near future.

Many are looking to The New York State Department of Financial Services hearing on January 28th to offer clarity on the subject which will allow for the general population to access this world changing technology through companies like Robocoin.

This is the watershed moment that historians will refer to when explaining the tipping point of financial freedom. Wells Fargo understands the power of this technology, as does Overstock and even Ebay. Hain Celestial CEO, Irwin Simon sees Bitcoin as a solution to combat the problem of credit card fraud and identity tracking.  ‘It is amazing how many people do not want an EZPass because they don’t want to be tracked” Simon said in a recent Bloomberg interview.

I urge the regulators of the world to review the policies and procedures in place by Bitcoin leaders Bitpay, Coinbase, Robocoin, Bitaccess, Coindeavors, Bitstamp, BitcoinShop.us to shape the necessary regulatory environment to enable everyone to enjoy the access to the life changing technology.

Last modified (UTC): October 6, 2014 10:14

Paul Carrozzo @USDBTC

Digital currency will do to finance what the microscope did for science. The 2008 financial crisis undeniably created an environment for digital currency to be born. These new currencies offer us a better commerce solution and establish markets never before possible. Merchant acceptance is vital to overall success of the new paradigm. My goal is educate about the merits of this life changing technology.