Posts by Mike Scanlan
Bitcoin ATM Scams: An Open Letter to CoinMover Customers & Law Enforcement
I recently received a voice-mail from [yet another] law enforcement officer regarding a person who had fallen victim to a scam involving one of our CoinMover ATMs. Since talking with the officer, I’ve turned my response into a sort of open letter to our customers, law enforcement, and the general public in hopes that it…
Read MoreNew Global Reserve Currency Without War
Military Money The country with the strongest military has historically implemented their national monetary system as the global reserve currency. This started with the Silver Drachma of ancient Athens during the 5th century BC. Next up was Rome when they issued the Gold Aureus (from 1st century BC to 4th century AD) and then replaced…
Read MoreBringing Bitcoin to Brighton, MA
CoinMover deployed a bitcoin automated teller machine (“Bitcoin ATM”) located at the Babushka Deli in Brighton, Massachusetts on June 23, 2019. As one of the newest entrants into the digital cryptocurrency ATM market, CoinMover offers customers the ability to purchase cryptocurrency for fiat money (e.g., buy bitcoin with cash) and send it to a mobile…
Read MoreUnion Square Welcomes CoinMover ATM
Update 9/2019: This location closed in September 2019. Click here for current machine locations. Thank you. CoinMover in Union Square CoinMover deployed a digital currency automated teller machine (“Bitcoin ATM”) in Union Market in Somerville, Massachusetts. Offering the lowest rates of any crypto ATM in the Boston area (approx. 9%), CoinMover officially sets foot in…
Read MoreCape Cod Bitcoin ATM: New Location in Hyannis, MA
Cape Cod just got its first crypto! CoinMover deployed a digital currency automated teller machine (“Bitcoin ATM”) at the Cape Cod Mall in Hyannis, Massachusetts. As the first machine of its kind on Cape Cod, now residents of Cape Cod can buy Bitcoin (BTC), Litecoin (LTC), Etherum (ETH), Monero (XMR), and DASH. Customers may also…
Read MoreNew Location: Town Convenience in Stoneham, MA
CoinMover deployed a cryptocurrency automated teller machine (“Bitcoin ATM”) at Town Convenience located at 41 Main St., Stoneham, Massachusetts today, April 22, 2019. As one of the newest entrants into the digital cryptocurrency ATM market, CoinMover offers customers the ability to purchase cryptocurrency for fiat money (e.g., buy bitcoin with cash) and send it to…
Read MoreIncreased Store Foot Traffic: Bitcoin ATMs
Convenience retailers could make $3,250+ a year from siting a bitcoin ATM in their shop by way of increased store foot traffic. Bitcoin is a digital currency that was invented in 2009. It operates independently of central banks. In other words, there are no transaction fees and no one owns the bitcoin network. Kay Patel…
Read MoreWelcome to Digital Currency: About Bitcoin
When most people hear about Bitcoin, whether for the first or the tenth time, they ask one simple question: “What is it?” Like an automobile, Bitcoin is technically advanced, and it can appear complicated, depending on how much you want to know about it. But also like an automobile, it doesn’t require you to be…
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