Bitcoin in gas stations and grocery stores
Netcoins who recently announced its partnership with Flexepin, a prepaid paper voucher system available in denominations up to $500, claims that this move will provide 7000 new Bitcoin access points in Canada and Australia.
Michael Vogel, CEO at Netcoins, says:
“Next time you fill up at the gas station, you might just be able to buy Bitcoins there too. Netcoins' partnership with Flexepin takes pre-paid Bitcoin vouchers into a variety of convenience and grocery stores in Canada & Australia, including all Esso & Canadian Tire Gas Stations.”
According to Vogel, the vouchers consist of a 16-digit code which can be redeemed into Bitcoins on their website. Vouchers can be purchased using cash, debit or credit card; the actual in-store purchase is anonymous, and compliance checks are only performed at the time of online redemption.
Entrepreneurial empowerment
The Netcoins team claim to be inspired that empowering local entrepreneurs is a great way to further its mission which is to create unprecedented access to Bitcoin through retail channels.
Vogel concludes:
“We're inviting Bitcoin entrepreneurs to apply for access to Netcoins' flagship "virtual Bitcoin ATM" software product. This is designed as a "white-label" software solution for Bitcoin ATM operators who would like to expand their number of locations, but face difficulties in adding new stores due to machine costs and cash-handling expenses associated with physical ATMs. Netcoins' virtual ATMs are simpler to scale because the ATM runs on any device, with most stores using a tablet or the cashier's existing point-of-sale computer.”
Netcoins who recently announced its partnership with Flexepin , a prepaid paper voucher system available in denominations up to $500, claims that this move will provide 7000 new Bitcoin access points in Canada and Australia.
Michael Vogel , CEO at Netcoins, says: “Next time you fill up at the gas station, you might just be able to buy Bitcoins there too. Netcoins’ partnership with Flexepin takes pre-paid Bitcoin vouchers into a variety of convenience and grocery stores in Canada & Australia, including all Esso & Canadian Tire Gas Stations.” According to Vogel, the vouchers consist of a 16-digit code which can be redeemed into Bitcoins on their website . Vouchers can be purchased using cash, debit or credit card; the actual in-store purchase is anonymous, and compliance checks are only performed at the time of online redemption. Entrepreneurial empowerment
The Netcoins team claim to be inspired that empowering local entrepreneurs is a great way to further its mission which is to create unprecedented access to Bitcoin through retail channels.
Vogel concludes: “We’re inviting Bitcoin entrepreneurs to apply for access to Netcoins’ flagship "virtual Bitcoin ATM" software product. This is designed as a "white-label" software solution for Bitcoin ATM operators who would like to expand their number of locations, but face difficulties in adding new stores due to machine costs and cash-handling expenses associated with physical ATMs. Netcoins’ virtual ATMs are simpler to scale because the ATM runs on any device, with most stores using a tablet or the cashier’s existing point-of-sale computer.”
