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He sees it, first, as an alternative form of payment, but second as a form of investment and a useful tool for the underbanked and unbanked population.
The company recently moved its software development in-house so it could be more nimble as the bitcoin market has grown, particularly since bitcoin futures began trading on two U. Coinsource has also focused on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service that supports millions of unbanked and underbanked Americans, according to Clark.
The company says it is fully licensed and compliant with state and national regulatory policy, a key to its plan for growth.
Part of that push for compliance was cemented when the company added Arnold Spencer as general counsel for Coinsource. He oversees all legal and compliance matters for Coinsource and has the bona fides rare for a startup industry.
From to , Spencer was an assistant U. He specialized in securities fraud, financial fraud and money laundering prosecutions, and personally prosecuted more than federal cases. Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.
Once your Coinsource account is activated, the transaction process at the machine is lightning fast! The average transaction takes less than 1 minute to complete. Have an account? Login Get Started. Coinsource Bitcoin ATM. Categories Banks in Euless.