First Bitcoin Capital Corp Completes Installation of Automated Check-Cashing and Bitcoin Enabled Kiosks into California High Traffic Markets; Completes Demonstration of Ownership of 2 Main Wallets
SACRAMENTO, CA / ACCESSWIRE / September 21, 2017 / First Bitcoin Capital Corp (OTC PINK: BITCF) and SAMCO Financial announced today that SAMCO has delivered 3 automated check-cashing kiosks to BITCF locations in Northern California. Kiosks were ordered by BITCF as a pilot test to integrate Bitcoin ATM functionality into self-service check cashing kiosks nationwide. During the pilot, BITCF is offering discounted check-cashing services and will promote the new services through online advertising, in-store signs, and special events, all aimed at consumers who use a check-cashing services.
SAMCO’s Web-enabled check cashing kiosks merge unique and exclusive check cashing capabilities with Internet-based applications. Both companies will now begin development of Bitcoin buy/sell capabilities to be integrated into a nationwide network of a growing number of kiosks which SAMCO already has in place. Services our Company plans to integrate will include BITCOIN ATM transactions, money orders and transfer,s as well as check cashing.
Store customers already have immediate touchscreen access to advanced services such as check cashing with Bitcoin transactions soon to be integrated.
BITCF is conducting pilot tests and studying customer acceptance of the check cashing kiosks with 3 units now installed at large Northern California grocery chain at the following locations:
6366 Mack Road
Sacramento, CA 95823
Hours: 6am-11pm
916.392.0693
Map & Directions
4401 Broadway
Sacramento, CA 95817
Hours: 6am-11pm
916.451.2446
Map & Directions
430 Elkhorn Blvd.
Rio Linda, CA 95673
Hours: 6am-11pm
916.991.1435
Map & Directions
The first two kiosks are already operating, with the third to become operational this week.
Earlier this year, BITCF announced becoming exclusive distributor of check cashing kiosks in California for the medical cannabis dispensaries, but decided to expand to include other high traffic retail locations.
Fees for the check cashing services will be competitive. Store customers using the service will be able to cash any valid type of check: government issued checks, payroll checks, and other types, including C-Stores and supermarkets, with service to every kind of customer. Many of those are unbanked and may need to cash checks before purchasing. Offering check cashing services on premises to this group of customers will be a very attractive way to increase revenues, as dispensary owners are looking for new ways to draw more customers because of check cashing convenience.
According to the Federal Deposit Insurance Corporation (FDIC), a 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, our ATM Division expects that dispensaries will increase their customer base significantly once we expand to this market. Sacramento is the cultural and economic core of the Sacramento metropolitan area, which includes seven counties with a 2010 population of 2,414,783.
To cash a check, customers insert the ID card and check, then enter their pertinent information about the check via touchscreen access at the SAMCO kiosk. SAMCO validates the information, verifies customer identity in real time, performs an online check authorization, and issues an approval or decline back to the consumer.
Self-service check cashing kiosks with integrated Bitcoin ATM capability will be just one more innovation in the company’s history of defining convenience for customers.
According to CoinRadar.com, as of 2017, there are only a total of 571 bitcoin ATMs in the entire US. Due to the low number of bitcoin ATM locations nationwide, there is a huge demand from customers seeking to buy or sell bitcoins for cash. People seeking to use a bitcoin ATM are willing to drive across entire cities just to use one, so combining a check cashing self-service kiosk with a bitcoin ATM and placing kiosks in strategic high traffic retail locations is win-win for us and consumers.
Demonstrated Ownership of Company’s Two Main Wallets
BITCF clearly demonstrated that it owns its two main wallets and will soon demonstrate ownership of two additional wallets.
In order to perform this demonstration, in our last news release, we identified the addresses of these wallets and projected the test amounts to be transferred from wallet to wallet.
Quoting from our September 13, 2017 news release:
“The first transfer will be for 18.18 Tesla property #50 from our first Omni Wallet located here: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
“These 18.18 will be transferred to our second Omni Wallet here: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
“From this second Omni Wallet 19.19 FUEL property #189 will be sent to the first wallet.”
This is the confirmed simple send from the first wallet for the 18.18 TESLA:
Date/Time – 9/18/2017 1:27:44 AM
Block – 485829
Bitcoin Fees – 0.00027923 BTC
Omni Fees – 0.00 OMNI
Payload – 16 bytes
This is the second wallet confirmation for the simple send for the 19.19 FUEL:
Date/Time – 9/18/2017 1:32:05 AM
Block – 485830
Bitcoin Fees – 0.00027923 BTC
Omni Fees – 0.00 OMNI
Payload – 16 bytes
First Bitcoin Capital Corp’s management requests all potential shareholders to carefully consider the high risks involved in speculating in our common stock and to take note of the fact that the extensive inventory of our various altcoins, while showing significant potential, is highly speculative, and these cryptocurrencies are extremely illiquid and only trade sporadically on small, unregulated foreign cryptocurrency exchanges.
About First Bitcoin Capital Corp.
First Bitcoin Capital Corp. is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange – www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies and in developing new types of digital tokens. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets, as well as crypto exchanges under the unified symbol BITCF), we want to provide our shareholders with diversified exposure to digital crypto currencies and blockchain technologies. At this time, the Company owns, controls and/or operates more than the following digital tokens under development:
www.CoinQX.com – cryptocurrency exchange, registered with FinCEN.
www.altcoinmarketcap.com – market capitalization for all cryptocurrencies with up and down voting by altcoin communities.
www.Alphabitcoinfund.com – world’s first crypto ETF.
www.strain.ID – cannabis strains genetic information depository on decentralized Blockchain.
www.iCoiNEWS.com – real time cryptocurrency and Bitcoin news site.
www.BITminer.cc – providing mining pool management services.
www.2016coin.org – online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.
www.bitcannpay.com – Open Loop merchant services for dispensaries.
List of most Omni protocol coins issued on the Bitcoin Blockchain and owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by CoinQX reflecting our airline mileage tokens issued: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Third (managed) Omni wallet including Tokens owned and/or managed by COINQX: http://omnichest.info/lookupadd.aspx?address=1M18oycUdsXv4pKyLLiASREcRGzPu22MxK
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.
Contact us via: [email protected] or visit http://www.bitcoincapitalcorp.com.
SOURCE: First Bitcoin Capital Corp.