- California
has 356 bitcoin ATMs/tellers, with Los Angeles having the most machines of
any city in the U.S. at 257
- CIIX
anticipates higher margins with its own bitcoin ATM network
- Company
is already mining for cryptocurrency with ASIC machines and AntMiners at a
data center near Seattle
- Company
is currently planning its own ICO in second half of 2018 or 2019
ChineseInvestors.com, Inc. (OTCQB: CIIX) is planning to
launch its own network of bitcoin ATMs in California and eventually expand it
to Chinese-speaking audiences across the U.S. One goal is to achieve higher
margins with its own network. It is looking at opening its initial machines in
California, beginning with Los Angeles (http://ibn.fm/S3nxk). It has also retained the law firm CKR
Law, LLP to assist in the effort.
CIIX offers a comprehensive suite of educational services
focusing on virtual currencies. This includes its own website, NewCoins168.com, a daily
live broadcast from the NYSE, a podcast and a cable TV show. It also mines with
its own ASIC machines and AntMiners for bitcoin and other virtual currencies at
a data center near Seattle (http://ibn.fm/T8HWw).
The site says that CIIX expects to issue its own ICO in the second half of 2018
or in 2019, creating a virtual investment ‘ecosystem’ for Chinese-speaking
investors (http://ibn.fm/o4kIs).
CIIX is a diverse educational and consulting company to the
Chinese-speaking community located in China and the U.S. Its primary revenue
streams have been from a core of subscriptions and investor relations services.
According to data from Coin ATM Radar, CIIX is planning to
enter both a heavily populated state and city in terms of bitcoin ATM machines
already in place. The site indicates that there are 356 bitcoin ATMs in
California, including 257 in the Los Angeles market, and 2,130 machines in the
U.S. nationally (http://ibn.fm/w6mrk).
In a news release, Warren Wang, CEO of CIIX, said, “In
addition to continuing to provide investors with news about digital currency,
ChineseInvestors.com, Inc., looks forward to continuing to make it convenient
and easy for Chinese investors to purchase Bitcoin by providing access to on
site customer service representatives available to provide instructions
regarding the Bitcoin ATM in both Chinese and English.”
CIIX already hosts a bitcoin ATM machine installed in 2017
by Blockchain BTM, LLC (http://ibn.fm/F2Xko)
in the lobby of its San Gabriel, California, headquarters (http://ibn.fm/dfJlU).
For more information, visit the company’s website at www.ChineseInvestors.com
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