Fintech Select launches physical Bitcoins - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

fintech select

Fintech Select launches physical Bitcoins

January 4, 2018

SelectcoinFintech Select, a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies, announced the launch of its physical Bitcoin product alongside its Selectcoin closed loop swipe card.

The physical Bitcoins, already available for viewing and purchasing, are embedded with fractional amounts of Bitcoin and Ether and interconnected to a wallet through the proprietary Point of Sale (“POS”) solution. Furthermore, the physical state of Bitcoin storage on a physical coin format may also provide a novel way for cold storage safekeeping of this ever evolving new asset class.

Alongside the roll out of the retail locations the company is also focused on solidifying certain strategic partners that will be playing a pivotal role with more competitive exchange rates and liquidity across all of the Selectcoin retail locations.

Fintech Select believes physical Bitcoins will have a larger mass appeal to consumers who are now starting to hear more about this new asset class in the news as Bitcoin reaches all time highs and new products are launched.

Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike.

Mohammad Abuleil, Chief Executive Officer and President at Fintech Select
Mohammad Abuleil, Chief Executive Officer and President at Fintech Select

Earlier, in November 2017, Mohammad Abuleil, Chief Executive Officer and President at Fintech Select, commented the future launch of physical bitcoin: “We believe that the creation of easy-to-acquire Bitcoin assets will allow the masses to readily participate in this emerging wealth creation, while also educating the masses regarding Cryptocurrencies,”

During the open market Pop-Up event held on December 21, 2017, Abuleil said: The demand and response from those in attendance was a positive sign that our solution will play a critical role within the Cryptocurrency sector. Our POS solution creates a simple way for consumers to buy Bitcoins and other Cryptocurrencies. We are pleased with the results and intend to gradually update the market on all new locations.”

Based in Toronto, Fintech Select uses its core assets – pre-paid card programs, mobile banking solutions and Cryptocurrency technologies – to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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