- 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
