Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Newnote Financial (C.NEU) bringing Bitcoin industry to BC college campus

Stockhouse Editorial
1 Comment| June 11, 2014


Newnote Financial (CSE:NEU, Stock Forum), a Vancouver-based crypto currency product provider, is firmly establishing its footprint in the Bitcoin sector with today's announcement that the company would be installing a Bitcoin ATM at the British Columbia Institute of Technology (BCIT).

 

According to the news release, the ATM will be placed within the SE2 building at BCIT's Burnaby campus with the installation expected to be finished within the next ten days.

 

The project was a collaboration between the company and the BCIT Student Association (BCITSA) with BCITSA receiving a one percent revenue share of the transaction fees while Newnote will take home a two percent share of the transaction fees.

 

Even though the BCITSA is in full support of the ATM's presence, student response to the installation has yet to be gauged.

 

Company president and CEO, Paul Dickson, commented, “We are very excited and fortunate to have made this arrangement with the BCITSA. We feel this is an excellent location for a Bitcoin ATM and look forward to working with BCITSA.”

 

Tyler Bermudez, BCITSA VP of External Affairs, added, “It is very exciting to see the advancements BCITSA is able to provide our student population.”

 

Then he concluded, “Having a BITCOIN machine is one of the many ways we are able to provide students with up-to-date industry and business trends.”

 

Newnote Financial was in the news recently when the company announced an option grant and shares for debt private placement two weeks ago.

 

Currently there are 19.8m outstanding shares with a market cap of $7.1 million.

FULL DISCOSURE: Newnote Financial is a Stockhouse Publishing client.



Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

thebaker
What a waste of time and money. I can just see all of these students buying Bitcoin with the money from their student loans. NOT
4 stars
June 11, 2014
Rate this comment
0 stars
v
Usefulness

Clarity

Credibility

Leave a Message

You must be logged in to access this feature.