Business
First Bitcoin Capital Corp Installing Automated Check-Cashing and Bitcoin ATMs Into California High Traffic Markets.
First Bitcoin Capital Corp Installing Automated Check-Cashing and Bitcoin ATMs Into California High Traffic Markets..
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"VANCOUVER,BC / ACCESSWIRE / June 19, 2017 / First Bitcoin Capital Corp (OTC: BITCF) and Simple Automated Money, Inc. (SAMCO) announced today that SAMCO will provide automated check-cashing kiosks through BITCF locations in Northern California. SAMCO's Web-enabled automated check-cashing kiosks merge unique and exclusive check cashing capabilities to provide unbanked consumers with a fast and confidential check-cashing experience.In a pilot test program, BITCF has ordered S.A.M. Kiosks to integrate Bitcoin ATM into self-service check cashing kiosks nationwide. BITCF is conducting the pilot test and studying customer acceptance of the check cashing kiosks with 3 units in Northern California. Company anticipates beginning a national rollout later in 2017. During the pilot, BITCF will offer discounted check-cashing services and will promote the new service through online advertising, in-store signs and special events ... all aimed at consumers who use alternative check-cashing services.Additionally, BITCF announced that development will begin to integrate Bitcoin buy/sell capabilities throughout a nationwide network of 85 SAMCO kiosks now in place and growing. Services the company plans to integrate will include BITCOIN ATM transactions, money orders and transfers as well as check cashing through touchscreen, bio-metric secure access.BITCF is an exclusive distributor of SAMCO check-cashing kiosks in California for the medical cannabis dispensaries and is expanding to include other high traffic retail locations, such as C-Stores and supermarkets. It will offer competitive products and services allowing consumers to cash any type of check: government-issued, payroll, business and others. Studies have shown that offering check-cashing services on premises to be an effective method to increase store product sales.According to FDIC (Federal Deposit Insurance Corporation) recent 2015 National Survey of Unbanked and Underbanked Households, indicates that more than 7 percent of households in the United States were unbanked in 2015. This proportion represents approximately 9 million households. An additional 19.9 percent of U.S. households (24.5 million) were underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system. By offering check cashing, BIT...