DOLLAR WANTS TO INSTALL 5500 BITCOIN ATMS WORLDWIDE BY 2016
A group of investors has launched a funding initiative on Indiegogo to establish an international ATM network that will support bitcoin, local e-currencies and the network’s own cryptocurrency called DOLLAR. The investors hope to create a decentralized electronic currency similar to bitcoin with low or no fees and faster transactions.
The current fundraising campaign goal is $100,000 with 20 days to go as of Feb. 12, 2015. The campaign was well short of this goal at this writing.
In the short term, DOLLAR will install 20 ATMs (aka BTM). A longer-term goal is to have 5,500 ATMs worldwide by 2016.
ATMs for multiple cryptocurrencies
The ATMs will serve as exchanges for bitcoin, local currencies and DOLLAR. An ATM in the United Kingdom, for instance, will accept bitcoin, DOLLAR and local e-currencies.
‘For example, when the ATM is placed in Great Britain, there will also be BRIT and SLG coins for buying or selling,’
This post was published at Crypto Coins News on February 13, 2015.