Robocoin Develops a Way to Send Cash Overseas
Robocoin has developed a new ATM system that enables cash to be sent to another account or ATM without the high-cost that remittances usually carry. Bitcoin is up until now the best way to avoid the high cost of remittances and now Robocoin streamlined this process even further. Romit is Robocoin's new product and the developers have enabled a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. Robocoin CEO Jordan Kelley, says: "Romit enables unprecedented low-cost global money transfers by leveraging Bitcoin's....
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Robocoin, a pioneer in bitcoin ATMs, has announced the rollout of Romit, which it bills as the cheapest and fastest money-transfer service in the world. The new cash remittance application leverages the bitcoin block chain. Any web-enabled kiosk, ATM or cashier can offer Romit KYC (know your customer)-compliant money transfer services. The service can send money to a smartphone, tablet or PC. By using the bitcoin block chain, the Romit remittance solution circumvents Forex foreign exchange fees, wire transfer fees, and banking requirements. The service could extend Robocoin's role in the....
Some news coming our way this morning from Las Vegas, Nevada-based Robocoin. The company has announced an almost brand-new start on a couple of fronts, as the company aims to better penetrate the bitcoin remittences market. First thing: the Robocoin Classic - the company's first ATM system - is getting a price drop of $5,000. That means operators can now pick one up for $15,000. Some would argue that's still expensive, but hey, it's a price drop. Robocoin Recyclers. The company took the opportunity this morning to introduce a family of Recycler systems, which according to Robocoin is....
Las Vegas, Nevada-based bitcoin ATM manufacturer Robocoin has announced it will soon launch Robocoin Bank, a new project that will find its physical bitcoin ATMs becoming Robocoin Bank branches that integrate online banking features. Robocoin indicates that Robocoin Bank will incorporate new features such as cryptographic provable reserves, instant bitcoin-to-cash withdrawals and the ability to send cash internationally as part of an effort to build what it calls "banking and remittance 2.0". Jordan Kelley, CEO of Robocoin, told CoinDesk that the new service brings the company closer to....
The first Bitcoin ATM was unveiled in Rayburn House Office Building, Washington. “Bitcoin is digital decentralized currency and Robocoin is the easiest way for people to buy and sell Bitcoin with cash,” said Robocoin CEO Jordan Kelley. "We're honored to be the first bitcoin company to demo and educate officials about bitcoin on Capitol Hill." “I have a healthy dose of skepticism but it’s positive skepticism. Things are always changing and we live in a global economy now,” said Hank Johnson, Democrat Congressman in the interview to Reuters. Robocoin was the first company to represent the....
Robocoin, a Bitcoin based company in Las Vegas, Nevada, has announced that they will be launching a new project called Robocoin Bank. The new project will take all existing Robocoin ATMs and turn them into banking branches. Through software updates, they plan to add features that allow users to bank using Bitcoin. Robocoin is offering the chance to start your own branch of Robocoin Bank by purchasing and operating one of these Robocoin Kiosks. Robocoin Banking functionality should be fully online starting summer of 2014. The new features will allow users to open a Robocoin Bank account in....