Hyosung announced Bitcoin transaction support

One of the biggest ATM manufacturer announced Bitcoin support
17 November 2017   981

One of the biggest ATM manufacturer in the world announced Bitcoin transaction support.

Turn your retail ATM into a cryptocurrency compatible ATM by adding Bitcoin transaction support from Just Cash. No PC or cryptocurrency app required – customers simply use your ATM and make a purchase.
 

Hyosong Announcement

just.cash bitcoin atm
just.cash Bitcoin ATM

ATM manufacturer also reported on features for different ATM users and operators.

Customer Features:

  • Easy to purchase Bitcoin
  • ATM prints receipt with transaction details and cryptocurrency public and private keys
  • Transfer cryptocurrency to your existing wallet with a simple QR scan
  • Great way to introduce customers to the world of cryptocurrencies
  • Additional cryptocurrencies can be added as popularity increases

Benefits to ATM Operator:

  • Make your ATM a destination for a new set of customers
  • Easy to implement
  • No hardware required
  • New revenue stream
  • More exposure to your ATM location from the ATM locator
  • Turn Bitcoin buyers into repeat customers
  • Cryptocurrencies currently supported: Bitcoin

Financial Considerations: 

ATM operators earn revenue on every cryptocurrency transaction settled directly into their bank account.

Also, there are some stuff coming soon:

  • Access cash using mobile phone
  • Ability to redeem cryptocurrency for cash
  • Eliminate the need for a physical wallet and/or additional cards
  • Customer receives promotions and coupons before selecting an ATM and after a transaction is completed
  • Currencies supported in near future: Ethereum

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   270

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.