Topic: [ANN] Bitcoin ATM Project: bring ATMs nationwide! & CryptoCoin debit card [ICO] - page 5. (Read 3472 times)

Thank you everyone for catching the mistakes so quick the Whitepaper has been updated - yes it is outside visa/mastercard the reader images are example styles. The CryptoCoin debit card magnetic strip data (Track 1/Track2) will follow a similar format to that of traditional credit/debit cards making them readable by any conventional hardware - the Square style readers are able to used with any phone/tablet app programmed to read the data. This makes them the most convenient payment mechanism for now, they are cheap and easy for merchants to get and start using. The burn function has also been corrected (sorry this was from a prior upload version) - users do not have to destroy their CCO to redeem their share of the Asset Contract, dividends are distributed quarterly. Our Token Sale and Company are fully SEC compliant and can be verified on the EDGAR database once the ICO begins.

Bitcoin ATMs have already been invented yes - but there isn't enough of them to make their use convenient for most people - only 900 some in the United States compared to 425,000 traditional ATMs. About half of the US states don't have one at all. This along with a crypto-debit card, only two Bitcoin cards currently exist in the US (visa-based) - they can be expensive to use, you have to provide ID to get one, and you have to convert your crypto to fiat prior to use (exchange fees that shouldn't have to be paid).

Bitcoin and other crypto operate outside of conventional financial networks so why shouldn't there be payment cards that do the same?

Visa logo on whitepaper? Thought this is outside visa/mastercard?

Hasn't bitcoin ATM's already been done? What's new here?

It looked very promising until i saw the BURN word. Why not distribute profits fairly without the need to burn your tokens?

Wow this is the greatest idea ever - we do this and crypto goes to a whole new level....i'm totally behind this website and company look great!

Bitcoin ATM Project is the original campaign to bring crypto-ATMs nationwide in the United States and to release a crypto-based debit card that can be used at these ATMs and supporting merchants.


Based on the amount of funding received during the ICO, the Project aims to initially distribute anywhere from 200 to 3,000 ATMs followed by expansion - with an end goal of placing at least one in every county across the United States.

Investors are paid back and earn money through revenue sharing - 1% of transaction volume for ATM and debit card usage is collected as a fee into an Asset Contract portfolio - dividends are paid quarterly to CryptoCoin (CCO) holders.

The Debit Card will first function as a rewards card for investors giving them 50% off ATM transaction fees, and the goal is to develop a fully decentralized payments platform operating outside traditional card networks.

The card will have many benefits - totally anonymous, cashback in CCO, discount on ATM fees, 2FA protection, multiple cryptocurrency support, instant confirmations, etc. The Genesis Coin ATMs being distributed are the industry lead today - they currently support Bitcoin, Lite Coin, and Dogecoin (with more being added during our initial design). We aim to have the lowest usage fees worldwide. Read our site for more information.  

The Pre-ICO starts on October 22. Buy 25 or more CCO and get a Debit Card, first customers get an Elite Card with double cashback and 100% discount on ATM fees.