- 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://nnw.fm/e3P3p). 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://nnw.fm/Kzq7J). 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://nnw.fm/V3cyv).
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://nnw.fm/cxGj4).
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.”
For more information, visit the company’s website at www.ChineseInvestors.com
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com