CEHC Outlines Bitcoin ATM Strategy
April 10 2014 - 8:00AM
Marketwired
CEHC Outlines Bitcoin ATM Strategy
Cephas Holding Corp Today Outlined Its Plans for Entering the
Bitcoin ATM and Vending Market
PHOENIX, AZ--(Marketwired - Apr 10, 2014) - The company
(PINKSHEETS: CEHC) has been in discussions with several
manufacturers about supplying machines. Additionally, the company
is evaluating locations in both the United States and Canada for
the deployment of expected units.
Cephas has been exploring applications for money transfer
licenses or ATM registrations in various states that require
operators to be licensed.
As bitcoin gains traction to become a more widely accepted
alternative currency, Bitcoin ATMs could become one of the most
convenient distribution channels available to consumers for
exchanging Bitcoin from and into cash.
Bitcoin, which allows people to send and receive payments within
an entirely decentralized peer-to-peer network, has quickly become
the most prominent form of "digital currency" in the world. While
still in its infancy, the deployment of Bitcoin ATMs addresses some
of the most significant challenges associated with exchanging cash
for bitcoin in an easy, instant, safe and fully transparent
way.
The company projects that its first machines will be in retail
locations by July 2014.
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. The company's bitcoin businesses are
currently at a preliminary stage and may not materialize in any
meaningful fashion. These forward-looking statements are based upon
current estimates and assumptions and are subject to substantial
risks and uncertainties, including without limitation those set
forth in the Company's filings with the Securities and Exchange
Commission (the "SEC"), not limited to Risk Factors relating to its
Bitcoin business contained therein. Thus, actual results could be
materially different. The Company expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
Cephas Holding Corp info@cephasbtc.com 929-224-2573