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Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

Source: bitcoin

Bitcoin Industry Report

There have been some crazy things happening in the world of digital currency since our previous industry report. Is it possible that the identity of Satoshi Nakamoto has been revealed? Los Angeles is now home to some new Bitcoin ATMs, and BitPay has introduced us to a new kind of credit card. Take a look at some of this week’s headlines below:

Editor’s note: Since press time on this article, news has emerged of Craig Wright backing out from his promise to move coins from early Bitcoin blocks. Additionally, his personal site has been taken down and replaced with a message stating his inability to handle the pressure being placed upon him.

Also read: Industry Report: Bitcoin Error Makes Miner Rich, DCG Grows Empire

Industry Report

SATOSHI NAKAMOTO

The identity of bitcoin’s mysterious creator has long been an enigma, but a breakthrough may have occurred as early bitcoin entrepreneur Dr. Craig Wright is now claiming to be the alleged mastermind behind everyone’s favorite cryptocurrency.

The Australian businessman came forward to give pressuring media platforms the latest scoop regarding his cryptic “alter-ego,” but not everyone is a believer. According to some, all Dr. Wright has to do to prove himself – which he’s yet to agree to – would be “using a real private key from the genesis block.” In other words, he must sign in via a private key owned by Satoshi himself. The news is apparently causing a strain of panic, and some are considering selling their bitcoins before the news supposedly causes the price to decline rapidly.

COINSOURCE

Los Angeles is a melting pot. It’s home to numerous cultures, businesses and just about everything else under the sun, but it’s now the proud station of seven new bitcoin ATMs from financial network Coinsource, which has launched several machines in cities ranging from San Diego to San Jose to Las Vegas.

According to CEO and Co-Founder Sheffield Clark, the company is experiencing massive growth, and interest in digital currency is higher than ever before:

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California. The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards.”

BITPAY

BitPay has released a bitcoin-based Visa card which allows people to load bitcoin as their amounts run short.

What’s the big news? It can be used at virtually any store or online platform accepting debit card purchases. The card is a multi-faceted form of plastic, only this time, bitcoin’s behind the wheel.

Once purchased, the card arrives within ten days. At press time, the card is only available in the United States.

Any stories you’d like us to include in our next industry report? Let us know by posting your thoughts below!


 

Images courtesy of Youtube.com, lafilm.edu, & bitpay.com

The post Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card appeared first on Bitcoinist.net.

Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

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Kvě 04

Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

Source: bitcoin

Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

LOS ANGELES, CA – May 3, 2016 – Coinsource, the National Bitcoin ATM Network, today announced its single largest installation of bitcoin ATMs to date, launching seven new machines across the Los Angeles area and two more bitcoin ATMs in Las Vegas. Coinsouce is now the largest bitcoin ATM provider on the West Coast with 16 machines in San Francisco, Silicon Valley, Los Angeles, Las Vegas, and San Diego.

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

Coinsource Expands

Four bitcoin ATMs have been installed in LA proper, with one each in Lynwood, Long Beach and Torrance. Coinsource maintains the lowest transaction fee of any major bitcoin ATM network and now has a total of 30 machines in five states across the country.

Coinsource CEO and Co-Founder Sheffield Clark said his company is expanding quickly, in concert with the growing demand for digital currency, with bitcoin now trading above $450, up from $220 one year ago.

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California. The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards,” said Clark.

The specific locations of the machines (details below) were selected based on their high vehicle and foot traffic, parking convenience, ease of access and long operating hours of the stores in which they are located.

“The Los Angeles community finally has convenient access to Coinsource’s secure, reliable and fully compliant bitcoin ATMs. We will continue to deliver on our promise to provide Americans everywhere with the opportunity to access bitcoin.”

“We’re also excited to expand our reach in Las Vegas to four machines, with two brand new locations East and West of the Strip, covering North Las Vegas as well. When you look at our locations on a map of the West Coast and across the United States, the ink spots are really starting to grow. It’s a very exciting time for us,” Clark added.

Manufactured by industry leader GenesisCoin, all Coinsource bitcoin ATMs are open late and offer the industry’s lowest fees. Rates start at 8% and reduce with higher volume purchases.

The newest, easy-to use Coinsource bitcoin ATMs join a network of active machines distributed across the United States, from San Francisco to New York City.

For more information, visit www.coinsource.net.

LOS ANGELES BITCOIN ATM LOCATIONS

NEW! Los Angeles

LOCATION: Dale’s Liquor, 14915 Vanowen St, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Norwood Market, 5070 Hollywood Blvd, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Sweet Apple Deli & Grocery, 4707 S Broadway, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Hope’s Liquor & Market, 2104 Beverly Boulevard, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Lynbrook

LOCATION: Salem Liquor, 12720 Atlantic Ave, Lynwood CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Long Beach

LOCATION: Eddies Liquor Junior Market, 734 W. Willow St, Long Beach CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Torrance

LOCATION: Royal Liquor, 3114 Pacific Coast Highway, Torrance CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

LAS VEGAS BITCOIN ATM LOCATIONS

NEW! WEST LAS VEGAS

LOCATION: 76 Gas Station, 4708 W Charleston Blvd., Las Vegas, NV 89102

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

NEW! EAST LAS VEGAS

LOCATION: 76 Gas Station, 3965 E Charleston Blvd., Las Vegas, NV 89104

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

CITY CENTER LAS VEGAS 

LOCATION: Ketchup Premium Burger Bar and the Miracle Mile Shops 3663 S Las Vegas Blvd. #410, Las Vegas NV 89109

HOURS OF OPERATION: 10:00 AM to 2:00 AM, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

SOUTH LAS VEGAS

LOCATION: Country Club Auto Spa, 9260 S Eastern Ave., Las Vegas, NV 89123

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

###

Coinsource CEO and Co-Founder Sheffield Clark is available for interview.


Images courtesy of Coinsource.

The post Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles appeared first on Bitcoinist.net.

Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

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