Bitcoin Looks to Have Promising Future for Big Businesses and Startups
It has become a big topic of discussion amongst Wall Street investors, Fortune 500 companies, and Government entities abroad. And the big discussion is the cryptocurrency bitcoin; and how to introduce it to mainstream America without disrupting the economy. And the overall peer to peer technology that makes it.
Introduced in 2009, bitcoin has gained worldwide attention as the first decentralized currency, but it is the Bitcoin technology that keeps the value of bitcoin in high demand that every business from IBM to Intel, wish to seize the opportunity and capitalize off.
One business in particular is Grimes One Financial Holdings, LLC, a new startup in Atlanta looking to get in the bitcoin business by developing a killer bitcoin app in the near future, and manufacturing and distributing its own Bitcoin ATM kiosk machines. Unlike a traditional bank ATM, the Bitcoin ATM makes obtaining bitcoin more accessible to consumers. Using what is called a "bitcoin wallet", which is like a digital safe to store bitcoins, transactions are conveniently made to purchase everyday goods from participating merchants that accept the cryptocurrency.
The company is already in talks with several manufactures overseas to produce a functional prototype of its own design called Cobra. Cobra will be a colorful Bitcoin ATM Kiosk machine that will consist of cash in and out, a QR barcode reader, receipt printer, camera and ID confirmation, and will accept five denominations of US currency ranging from 5, 10, 20, and 100 dollars.
But in spite of the KYC (Know Your Customer) and AML (Anti Money Laundering) rules and regulations surrounding the manufacturing and distribution of a Bitcoin ATM, it appears that other manufactures like Lamassu, Skyhook, and BitAccess to name a few have begun to saturate the niche market, not only in Atlanta, but across America.
With the astounding growth of Bitcoin ATMS nationwide, there is a possibility that Grimes One Financial Holdings can claim a place within the niche market even though its competitors have already claimed their position.
The founder of Grimes One Financial Holdings Xavier Grimes says,
"We want in. The opportunity to get in such a market at this time is right, and we want to position ourselves in it. Regardless of the competition, the playing field is still new. We understand that rules do apply, but we feel that with Bitpay, a major bitcoin company headquartered in Atlanta, we don't see why it would be difficult to introduce the Cobra Bitcoin ATM Kiosk to the Atlanta market when Bitcoin ATMS are being placed throughout the city already by other manufactures. Our goal at Grimes One Financial is to pull together all the different parts and create one functional product that seems to be missing in the bitcoin community, and our Cobra Bitcoin machine is just one part of the initiative."
Considering that most of America isn't aware of bitcoin, it appears Grimes One is laying the foundation to creating a platform that can serve multiple purposes to help give bitcoin mainstream attention. For starters, the Atlanta based company recently formed a group intended for persons of interest in bitcoin. The overall objective of Metro Atlanta Bitcoineers is to educate the community about bitcoin; where to get it and how, its impact on the future of the economy, and where to use it. While the company intends to introduce more phases in the coming future, Metro Atlanta Bitcoineers is the first phase in the Safe Keys Digital Banking project to help bring awareness to bitcoin. In doing so, Grimes One is seeking interested investors who'd like to invest in the Safe Keys Digital Banking project. The company seek to raise $200k to roll out the first phase within the coming months, and an additional $200k to roll out the final phase by year end of 2015.
With the Safe Keys Digital Banking Project, Grimes One Financial is looking to join the ranks of other startups to venture into the bitcoin market. Not alone in its endeavor to bring bitcoin mainstream, like IBM and Intel, it is obvious that the big discussion with investors on Wall St, Fortune 500 companies, and Government entities is clear, that bitcoin and its technology is headed to mainstream America.
Information on the Safe Keys Digital Banking Project can be found at http://www.grimesonefinancial.com/
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