Fellow Bitcoin Enthusiasts,
We are California Cryptocoin and we are a California LLC setting up a network of Robocoin ATM kiosks around California! Our goal, with your help, is to bring liquidity and legitimacy to a rapidly expanding Bitcoin market by bringing these ATMs to you! We are very close to our launch, but we need help with the last step before we can open for business. That being said, this is where we stand:
- We have purchased 2 Robocoin Kiosks – They are ready to go and will be placed in Los Angeles and/or San Francisco. We will provide updates of where our machines will be specifically located once leasing has been confirmed.
- We have applied for Money Transmission License -- This is a rigorous vetting process from the Department of Business Oversight which requires us to have a net worth of over $250k along with many other requirements.
- We have additional licensing in order to preempt any Bitcoin regulatory stance the US government may take.
- We have scraped together $150k in startup capital from friends and family.
What this means is that we are roughly $50k short of having a $250k (this includes asset price of machines) net worth as a company. This is the minimum for us to obtain the correct licenses and it is the last obstacle we need to get over in order to launch. So we need YOUR HELP!
We have set up a crowdfunding campaign on Indiegogo to try and raise the last $50k. Please check out our page at
http://igg.me/at/CAcryptocoin/x/5513568 and help do your part in contributing to the Bitcoin community. We have some pretty cool perks in return for you support and we even have the option to donate in Bitcoin!
Anyways, we want to thank you for all of your support and for hearing us out. The future for Bitcoin is bright.
Cheers,
The California Cryptocoin Team
