I’m excited to announce the launch of a new company and project, Coinme.
In addition to forming a new company around the cryptocurrency industry, we just launched the state of Washington’s first Bitcoin Kiosk, or better known as an ATM, on Thursday at a downtown Bar and Grill called Spitfire. These machines provide a quick access portal to buying and selling the popular cryptocurrency and allow users to to turn their cash into bitcoin, or vise versa. It simply is the fastest and most secure way to buy and sell bitcoin in the world.
Also notable, we are the nation’s first Licensed Bitcoin Kiosk, meaning the State of Washington and the Department of Financial Institutions has declared our business lawful to operate as a money transmitter within the state of Washington.
I will expand on my thoughts about the new emerging cryptocurrency industry and why I am choosing to dive into it in the near future. Stay tuned!
Below are a few media articles and more from our press release:
Meet your Bitcoin ATM: Digital currency craze hits Seattle, with help from startup vets
Seattle Welcomes Its First Bitcoin ATM Kiosk at Coinme Launch Party
Seattle Technology Executives Launch First Bitcoin Kiosk in the Pacific Northwest
The Coinme Kiosk will be the first licensed bitcoin kiosk in the United States
SEATTLE, Wash. – May 1, 2014, Seattle-area residents will now have a way to conduct fast and secure bitcoin transactions via the Coinme Kiosk. Built by world-leading kiosk manufacturer Robocoin, first-time bitcoin users or avid enthusiasts will now be will be able to buy and sell bitcoin as securely as using a standard ATM.
The launch of the Coinme Kiosk comes months after working closely with state and federal regulators to ensure compliance with existing money transmitter laws, anti-money laundering protocols and KYC (“know your customer”) requirements. As a result, Coinme is the first licensed Bitcoin Kiosk in the United States and complies with state money transmitter laws.
To celebrate this bitcoin milestone, the Seattle community is invited to see a demo of the first Coinme Kiosk and hear a panel of industry experts discuss the potential of cryptocurrency at the company’s launch event beginning at 5:00 p.m., May 1, Spitfire 2219 4th Ave, Seattle, WA.
“Coinme was created out of the frustration local technology executives had with the current state of the Bitcoin market,” said Nick Hughes, General Manager of Coinme. “In order to reach its full potential, the cryptocurrency industry needs more accountability and consumer protection. The market also needs more leaders who are offering education and community outreach,” he said. “Coinme was founded with the goal of bringing all of those factors together. The kiosk is just the start.”
In the coming months, Coinme will roll out additional kiosks in the Seattle metropolitan area. To use the kiosk, users will only need their cell phone and driver’s license. Transactions generally last 5-10 minutes and the funds settle almost immediately; whereas, transactions through online exchanges can take several days. Check the company website for more information and join the newly formed Seattle Bitcoin Meetup for upcoming social events and educational programs.
“At Coinme, we’re a team who believes the digital currency industry needs more accountability and leaders who are accessible to help the general public understand the potential of this new means of exchange,” said Hughes.
LAUNCH PARTY DETAILS
Thursday, May 1st, 2014 from 5:00 – 9:00 p.m. PST
Spitfire – 2219 4th Avenue Seattle, WA 98104
5:00pm – 6:30pm Networking and Kiosk demos
6:30pm Official Coinme announcement
6:35pm Bitcoin Panel
6:55pm Audience Q&A
7:00pm Kiosk demonstration
7:15pm Social and kiosk appointment booking
Coinme is on a mission to increase cryptocurrency literacy, build the local cryptocurrency economy and provide the fastest and most secure solution for buying and selling Bitcoin.
Coinme partnered with Killer Infographics to create an easy-to-understand explanation of bitcoin and how the Coinme Kiosk works. The infographic can be found here.
For general information please go to: www.coinmekiosk.com and follow @CoinmeKiosk
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