15 Jul '15, 11pm

Jersey City to get NJ's first Bitcoin ATM

Exciting news: Journal Square is getting the first Bitcoin ATM in the state of New Jersey. What's a Bitcoin? According to Michael Singh, founder of Kointron, the company behind the ATM, Bitcoin is a digital currency currently gaining traction because it's decentralized (no government or institution controls it) and it's anti-inflationary. Your next question is probably, okay, but why would I need Bitcoins? Singh says that they're safe and a good investment. Many companies now accept payment in Bitcoin, including Microsoft, Dell, and eBay. Because their value goes up over time, he sees Bitcoins as a good investment. Using the Bitcoin ATM isn't like your typical bank ATM. You'll need to first download an electronic wallet, such as Airbitz, to your phone. That e-wallet will store your Bitcoins. Each wallet has an address associated with it. You'll insert cash into the ATM (it...

Full article: http://www.nj.com/hudson/index.ssf/2015/07/jersey_city_to...

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maxkeiser.com 16 Jul '15, 12am

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