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GDET Engages Leading Manufacturer for its Purchase of Cryptocurrency ATM Machines
GDET Engages Leading Manufacturer for its Purchase of Cryptocurrency ATM Machines.
About this update from Gd Entertainment & Technology, Inc.
[{"type":"text","content":"\nFORT LEE, N.J., Nov. 20, 2018 (GLOBE NEWSWIRE) -- GD Entertainment and Technology (OTC: GDET) (“GDET” or the “Company”) is excited to announce that it has engaged with a leading manufacturer in the space to fulfill its initial purchase of Cryptocurrency ATMs.\n The company is in discussion with the senior management team of Genesis Coin to purchase the latest ATM units available to the market. Genesis Coin is a reputable supplier of user-friendly cryptocurrency ATMs that can seamlessly multi-task between cycling through traditional money dispensing, purchasing Crypto-coins and selling Crypto-coins. Once the initial order is completed and fulfilled, GDET will retain a branding consultant to white-label the units. Company CEO Anil Idnani commented, “Now that we have registered as a Money Services Business, MSB, with the Financial Crimes Enforcement Network, FINCEN, we are ready to launch an immediate ATM pilot location. \"I chose to work with Genesis Coin simply because they are one of the most reputable cryptocurrency ATM suppliers in the market today. Not only can we take advantage of competitive pricing and availability but also benefit from Genesis Coin’s full support to ensure the success of their clients. \"In addition, I look forward to working with their management to secure this initial purchase order and make them our preferred supplier moving forward.” At present, the Company is working to achieve the following near-term objectives: Confirm initial cryptocurrency ATM with Genesis CoinLocate pilot location for ATM launchSpearhead an aggressive marketing/branding campaign for the ATM unitsRegister with additional states through strategic locations The state of the art ATM units feature some of the following specifications: a 14-inch LCD touch screen, counterfeit money/bill detector, QR barcode scanner, EMV card reader, HD web/security camera, electronic locking system, uninterruptible power supply (UPS), Ethernet/Wi-Fi capabilities, and a cash dispensing unit (CDU). In addition to Bitcoin, the ATM units has the software to support other popular alternative cryptocurrencies or “altcoins” such as Litecoin, Ethereum, and Bitcoin Cash. This feature will allow users to explore and access additional currencies in the growing $180 billion cryptocurrency market. In an effort...