Bitcoin Kinetics is a startup company that engineers everyday devices to accept crypto currencies. Devices include gaming cabinets, gas pumps, washer/dryer machines and even snack food vending machines.
“We are dedicated to bringing crypto currency to every human in the galaxy”.
The devices produced by Bitcoin Kinetics are designed to accept bitcoins and interact with BlockChain. Transactions operate instantly, as they would with cash counterpart machines.
Such devices would allow for everyday use of bitcoin, bringing it to the mainstream.
The company will be listed and will offer 10 billion shares of common stock on the Cryptostocks website. Cryptostock is described as a platform where users can buy, share, fund and earn. Cryptostocks is not a licensed or registered exchange.
Founder and Chief Operating Officer of Bitcoin Kinetics, Morgan Rockwell imagines that one day his company will have a self supervising software which will consist of coded contracts. He says:
“Eventually Bitcoin Kinetics will become a Decentralized Autonomous Organization run completely by smart contracts, 3D printers & shipping centers, making it run on its own.”
Having electronic devices that produce goods and services allowing for the use of bitcoin, would allow bitcoin to have a stronger purpose in the physical world.
In-Person BTC Businesses
As of now, bitcoin is mostly thought of as a digital payment method for digital transactions.
However, more small businesses are implementing bitcoin into the physical world. A newsstand in New York City accepts bitcoin payments over credit card transactions, as fees for bitcoins are low and sometimes non-existent.
The owner of the stand accepts the virtual currency using his phone with the Easybitz payment processor.
In addition, a Hollywood comic book store also gives customers the option to pay with bitcoin at the register.
Meltdown Comics says that the digital age of being able to download a comic is taking away from the physical in-store experience. By welcoming BTCs, the comic store feels that they can bring in a new fan base while supporting the digital coin industry.
Digital coins in the real world will enhance and simplify buying and selling. Everything can be done instantly on smartphones and tablets, and bitcoin will see to that testament.
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Arcade Cabinet Image.