DPW Holdings, Inc., a diversified holding company, announced today that its subsidiary, Digital Power Lending, LLC plans to launch a network of cryptocurrency ATMs to allow for the purchase and sale of cryptocurrencies along with cash withdrawals.
We are very pleased to announce our development of a network of cryptocurrency ATMs which will be initially located in Southern California. Our goal is to build a national brand and network with multiple cryptocurrencies readily available for consumers.
The CEO and Manager of Digital Power Lending
The first ATMs will be installed in 5 hospitality locations associated with DPW Holdings, Inc. The ATMs distributed and managed by Digital Power Lending will focus initially on Bitcoin, Bitcoin Cash, Ethereum and Litecoin with other cryptocurrencies to be included later.
The company also announced that Digital Power Lending is still awaiting the completion of the review of its pending application for a California Finance Lender License and it has undergone a series of standard and customary questions and all corrections have been minor and procedural.
Digital Power Lending noted that the anticipated distribution of the ATMs may be subject to regulatory review or approval.