A new Iowa-based company is deploying the first Bitcoin ATM in Iowa. Leverage Holdings offers technology solutions in the areas of crypto-currencies.
The startup plans to set up vending machines – known as Bitcoin ATMS – in the region which will dispense cryptocurrency. Bitcoin is a type of digital currency in which encryption technology is used to regulate the generation and verify the transfer of funds – operating independently of a central bank. Bitcoin-friendly stores, merchants or restaurants accept bitcoin in place of traditional payment methods such as cash, check, debit or credit cards.
The Company says it felt Iowa was a prime market since one listing of Bitcoin ATMs shows more of them in nearby Kansas City than in New York, Los Angeles and nearly all other metro markets. Bitcoin can incite some discussion since backers see it as an alternative, and government free, way to pay for goods and services. It carries no government backing the way the United States backs the dollar.
The startup operates in three areas – mining, trading and developing – and current projects include an innovative wallet, derivatives and smart contracts. One project in development positions Leverage Holdings to be the first company to bring a user-friendly mobile interface to be used by two individuals to transfer value between each other for little of even no fees without relying on a trusted third party.
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