We Need to Bridge Cash and Cryptocurrencies – Diebold Inc

By April 18, 2016Bitcoin Business

CoinTelegraph speaks to Devon Watson, Diebolds VP of Global Software R&D, on a mobile driven ATM , conditions for using Bitcoin in mobile banking and implementation of Blockchain into the Diebold platform.

Diebold Inc are a financial self-service, security and services corporation, incorporated in the United States since 1876. It is the world’s largest manufacturer of ATMs with divisions in North America , Europe , Middle East and Africa , Asia Pacific and Latin America .

Devon Watson, Diebolds VP of Global Software Research and Development, is an owner of bitcoinCT r: 8 and a big fan of the Blockchain with an insight into the whole ecosystem and protocol. Bridging a mobile based world

CoinTelegraph: I see in Copenhagen at Money2020 Diebold showcased one of its newest mobile driven banking concepts, a mobile driven ATM. Can you explain your reasons for bringing such an advanced concept to market?

Devon Watson: Sure, the reason in particular that we continue to innovate in the ATM space which some people if they’re not familiar with our part of the payments industry wouldn’t realise is that there is a need for continued change and innovation.

Presently the reason being the more we see digital payments take off, the more cash actually gets used in society which is sort of an inverse phenomenon to most people’s line of thinking and the simple reason is when there is a new digital payments innovation for your average consumer, it’s now more and more convenient to move their payment types, whether that is physical cash or some sort of a digital transaction, back and forth from fiat to digital currency .

These new terminal designs and the new software that we’ve been building helps to bridge a mobile based world. You know we will see this more and more […]

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