We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, October 30, 2013

Bitcoin kiosks coming to five Canadian cities

Prophecy Sign:  The coming cashless society

Have you heard of "Bitcoin"?  Well you better get used to the term, as its the latest and greatest form of cashless currency which has been given credence as real currency by recent court judgements.  What we find very interesting is not so much the bitcoin but the way that the new bitcoin kiosks work.  You need to insert your hand over a scanner for the transaction to take place, (see video below).

We believe that in the new economy of the Antichrist, (and his 10 world ruling cohorts), cash will be a thing of the past and all transactions will become digital.  Part of the future 'mark of the beast', likely will be some biometric ability to gain access to this new way of conducting daily commerce.

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:16-17 NIV

Bitcoin kiosks coming to five Canadian cities
Bitcoiniacs says it has ordered five Bitcoin kiosks from a Las Vegas-based company called RoboCoin and intends to roll them out across Canada in the coming months, with the first machine expected to land in Vancouver in early October. Four more kiosks will arrive in December and although their locations are not yet certain, Bitcoiniacs says it's eyeing major Canadian cities such as Toronto, Montreal, Calgary and Ottawa. "Basically, it just make it easier for people to buy and sell Bitcoins and hopefully will drive the adoption of Bitcoin, and make it more accessible for people," says Mitchell Demeter, the 27-year-old owner of Bitcoiniacs. Bitcoins are mathematically generated through a series of commands executed by computers in a peer-to-peer network. The process is called Bitcoin "mining" and is set up so that the total number of Bitcoins that can ever be generated is limited to about 21 million. While some have doubted Bitcoin's validity and others have raised concerns that the unregulated currency is being used for nefarious means, a U.S. judge ruled last month that Bitcoin, which has been around since 2009, is a real currency.

World's First Digital Currency ATM Opens in Canada
The world's first bitcoin ATM opened Tuesday at a coffee shop in Canada, the first of five ATMs bought by Canadian company Bitcoiniacs. Bitcoin is the first de-centralized digital currency. It's been in circulation for about four years and is now starting to gain mainstream acceptance.  Jordan Kelly, CEO of Robocoin, said they are now "seeing a consistent increase in demand for bitcoin and rightfully so because the currency is getting more useful." A restaurant owner said his business "got into bitcoin to target a new demographic of customers for our restaurant." Bitcoins are transferred from person to person via the Internet without having to go through a bank. It's open-source and nobody owns it.

1 comment:

  1. There is also a company called Lamassu that makes ATMs which do not require biometrics: