CoinSignal, The Midwest's Leader In Virtual Currency Places Two Public Bitcoin ATM's
Online, June 25, 2014 (Newswire.com) - Bitcoin is a form of digital currency, created and held electronically. It can be used to pay for goods and services without a third party broker like banks or governments.
"At Coin Signal we believe that it is important to empower the everyday consumer with this new asset class. We want to demystify Bitcoin. We want to get Bitcoin into the hands of every consumer using a a simple and quick process. The skyhook ATM, or as we refer to them BVMs (Bitcoin Vending Machines) allows for this." Said Grant Brown, CoinSignal's Representative
Currently, obtaining Bitcoin can be a slow, intrusive process that demands a significant amount of personal information. CoinSignal's services enable buyers to obtain Bitcoin in 4 simple steps within a minute as opposed to days - a distinct advantage given the volatility of Bitcoin prices. If the buyer has a blockchain.info wallet already installed on their smart phone, they can purchase bitcoin in as fast as 30 seconds.
Over the next several months CoinSignal will be placing multiple Bitcoin ATMs as consumer demand dictates. CoinSignal will be taking requests for placement directly at its website www.coinsignal.info.
On March 31, 2014, The St Louis Federal Reserve described Bitcoin in a Powerpoint presentation as "Low-cost banking available to anyone in the world," a "digital cash supply free of political manipulation," and "a stroke of genius—a monetary system governed by a computer algorithm."
CoinSignal has plans to expand within states that respond favorably to Bitcoin. This will provide under-banked and under-served consumers with financial alternatives that were previously unavailable them.
Locations for CoinSignal's Bitcoin ATM's can be found at their website www.coinsignal.info. Media inquires can be directed to Grant Brown: grant@coinsignal.info