Buying bitcoin from an online exchange can take days to process, which many find to be time consuming and impractical. We knew that for bitcoin to work in the UK, people needed a faster solution. This lead us to launch the UK’s first bitcoin ATM. As a result, people in the UK can now purchase bitcoin in under 10 seconds.
0% FEES - To promote our bitcoin this August, our ATMs will be the first in the world to sell bitcoin without any commission whatsoever. This means we match the average bitcoin price determined by the Coindesk.
The Old Shoreditch Station
1 Kingsland rd
We will be launching a further 10 ATMs over the next 12 weeks, follow us on twitter to keep up to date on our progress @futurecoins
Futurefund is a project dedicated to global bitcoin acceptance. This is done by providing the relevant technology, training and marketing materials completely free of charge to encourage businesses to make the move.
Cointown, which is Futurefund’s latest concept, will be a unique opportunity to study the flow of bitcoin within a localised area. Not only could it help us to further understand the bitcoin economy, it could provide us with a greater understanding of consumer spending as a whole.
To achieve this goal, we will select a small town within the UK and ensure that every business is accepting bitcoin. We will then distribute a bitcoin wallet to every single resident, pre-loaded with bitcoin. Monitoring transactions from these wallets will allow us to analyse how and where people spend their money, as well as helping to promote bitcoin.
If you would like to contribute to the Futurefund or if you would like to know how your business can start accepting bitcoin though our programme, please let us know.
'Up to 80% of African adults have no bank account, but at least 16% use mobile-money platforms. The continent annually receives $50 billion in remittances, which are subject to fees of up to 12% charged by wiring services like Western Union. If one could improve internet access and provide immediate conversion into local currencies, entrepreneurs speculate that Bitcoin might be able to undercut remittance services.'
WE ARE NOW WORKING IN PARTNERSHIP WITH BITPESA, WHO PROVIDE REMITTANCES SERVICES TO KENYA TO ACHIEVE THIS GOAL. MORE DETAILS OF THEIR PROJECT CAN BE FOUND HERE