Business
First Bitcoin Capital Corp Installing Automated Check-Cashing and Bitcoin ATM Into California High Traffic Markets.
First Bitcoin Capital Corp Installing Automated Check-Cashing and Bitcoin ATM Into California High Traffic Markets..
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"\n \n \n \n\n\nRedefining Convenience for Customers\n\nVancouver,\nBC. – June 19, 2017 OTC markets- First Bitcoin Capital Corp (OTC: BITCF) and Simple\nAutomated Money, Inc. (SAMCO) announced today that SAMCO will provide automated\ncheck-cashing kiosks through BITCF locations in Northern California. SAMCO’s Web-enabled automated check-cashing\nkiosks merge unique and exclusive check cashing capabilities to provide\nunbanked consumers with a fast and confidential check-cashing experience. \n\nIn a pilot\ntest program, BITCF has ordered S.A.M. Kiosks to integrate Bitcoin ATM into\nself-service check cashing kiosks nationwide. BITCF is conducting the pilot\ntest and studying customer acceptance of the check cashing kiosks with 3 units\nin Northern California. Company anticipates beginning a national rollout later\nin 2017. During the pilot, BITCF will offer discounted check-cashing services and\nwill promote the new service through online advertising, in-store signs and\nspecial events ... all aimed at consumers who use alternative check-cashing\nservices. \n\nAdditionally,\nBITCF announced that development will begin to integrate Bitcoin buy/sell\ncapabilities throughout a nationwide network of 85 SAMCO managed kiosks now in place and\ngrowing. Services the company plans to integrate will include BITCOIN ATM\ntransactions, money orders and transfers as well as check cashing through\ntouchscreen, bio-metric secure access. \n\nBITCF is an\nexclusive distributor of SAMCO check-cashing kiosks in California for the\nmedical cannabis dispensaries and is expanding to include other high traffic\nretail locations, such as C-Stores and supermarkets. It will offer competitive products and\nservices allowing consumers to cash any type of check: government-issued,\npayroll, business and others. Studies\nhave shown that offering check-cashing services on premises to be an effective\nmethod to increase store product sales. \n\nAccording\nto FDIC (Federal Deposit Insurance Corporation) recent 2015 National Survey of\nUnbanked and Underbanked Households, indicates that more than 7 percent of\nhouseholds in the United States were unbanked in 2015. This proportion\nrepresents approximately 9 million households. An additional 19.9 percent of\nU.S. households (24.5 million) were underbanked, meaning tha...