Upstate Networks Releases Video of First Bitcoin Vend Returning Change in United States Dollars
Upstate Networks, Inc. (UNI) developer of BTCVend and DroidVend, released a proof of concept demonstration of patent-pending vending technology featuring the first-ever vending machine purchase using Bitcoins with change returned in USD.
Filmed in the Upstate Networks Utica, New York laboratory, the video features Stuart W. Card, PhD, of Critical Technologies Inc., making the Bitcoin purchase and receiving change in U.S. dollars.
"Vending machines could provide affordable access to folding money as well as convenience products,” Dr. Card said. “You are more likely to be carrying your phone than your ATM card. Plus this will be great for those who don't have checking accounts, or simply prefer cash.”
On April 9, 2013 Upstate Networks, Inc. was issued U.S. Patent 8,417,376, which provides a method and means for utilizing transparent LED touch screens for selecting products and services in retail environments.
This technology allows the user to view a number of products at the same time through the glass display, select one or more for investigation, choose one for removal from the display, and deliver the chosen item to a user.
This is the third US Patent issued to Chris Smolen Upstate Networks President. UNI has been successful in defending and licensing their flagship patent 5,822,215, Public Access internet Terminal with Pliant Currency Acceptors.
On January 26, 2013 Upstate Networks Inc. announced the option of conformal coating for all its PCB products.
Conformal coating material is applied to electronic circuitry to act as protection against moisture, dust, chemicals, and temperature extremes that, if uncoated (non-protected), could result in damage or failure of the electronics to function. When electronics must withstand harsh environments and added protection is necessary, Upstate Networks Inc. coats assemblies with a layer of transparent conformal coating rather than potting.
For more information about this or any of UNI's products, call 1-800-369-5797 or e-mail PR(at)upstatenetworks(dot)com.
About Upstate Networks
Located in Utica, NY, Upstate Networks, Inc. (UNI) is a computer engineering, design and manufacturing concern and is the world leader in PC-controlled vending.
Founded by President Chris Smolen in 1994, UNI manufactures hardware and software designed to interface vending products to PCs and other general-purpose computers, and has worked with manufacturers to develop novel vending and other self-service pay-per-use equipment.
Upstate Networks: http://upstatenetworks.com/
Related News
Ronald McDonald House Charities of the Capital Region is making history by heading down technology lane and becoming the first local charity in Upstate New York to accept Bitcoin donations. They will partner with Bitcoin processing giant BitPay to handle their transactions, and the NY Bitcoin Group will help them get started."We are very excited to have our local Ronald McDonald House be the first chapter in the United States to start accepting a digital currency for donations. Bitcoin gives us the ability to send a nickel, a dime, or any other denomination, without the charity getting....
The Durov brothers fought a long and exhaustive battle with the United States Securities and Exchange Commission (SEC) over the Telegram Open Network (TON)’s acceptance in the United States, which ended with an official announcement that the further development of the project was abandoned. However, the TON project was fully open-source. Using the TON repositories a group of independent enthusiasts came together, forked the best that has been built by the original Telegram team and ventured into a long journey of building Free TON. The Free TON Community Similar to many other PoS....
Naomi Brockwell, known in the Bitcoin community as The Bitcoin Girl, released her music video to 'Bitcoin Girl.'. With a feel-good tune and pumped-up drums, you just can't help but smile at the song. The video is even more comical as a 'Wall Street' busybody falls in love with the Bitcoin Girl and pursues her peer-to-peer affection all across New York City. With hyperbolic and outrageous visual editing, this video is four minutes well spent. This video was produced by the Moving Picture Institute.
If you didn’t know already, Vertcoin is an ASIC-resistant coin, one of the first coins I found out about andwrote about. Vertcoin with has been slowly dropping in market cap over the last few days, but that hasn’t discouraged the community with releases such as the Stealth Address, and now the POW change to Lyra2. Below is a short video explaining stealth addresses more in-depth. Vertcoin aims to be the cryptocurrency of choice for personal and business use. We were the first to offer Stealth Addresses protecting everyone’s right to privacy on the blockchain. We believe this to be a much....
In the wake of 300,000 New York citizens marching the streets alongside 160 other countries against climate change, environmental activist group Greenpeace USA has now partnered with BitPay to begin accepting bitcoin donations. The United States branch is now set to become one the first major international charity organizations to accept bitcoin, making financial protest more available to those that wish to vote with the wallet. CCN. Some may know Greenpeace from the viral video protesting Lego's association with Shell. The stunning video features a Lego-arctic landscape drowning under a....