Bitcoin gaining popularity
units in New York's Capital Region on February 16, 2015. The new machines will be located at
Tesoros Cafe in Schenectady and The Fortunate Cup in Saratoga. PYC, Inc. will have five Bitcoin
ATMs in New York State and seven nationwide.
"These machines are intended not only for mainstream, but for everybody in general to
purchase bitcoins safely and securely. We just had one of the largest online Bitcoin exchanges,
Bitstamp, get hacked, with a loss of over 19,000 bitcoins," said Emilio Pagan-Yourno, founder
and CEO of PYC, Inc. "And I'm sure people remember last year's incident with Mt. Gox resulting
in a loss of over 250,000 bitcoins. Using our system is the safest and easiest way to buy bitcoins
and to properly secure them yourself."
Bitcoin is a decentralized, peer-to-peer system that utilizes a distributed public ledger to initiate
a transfer of value. The blockchain that powers the Bitcoin protocol goes beyond currency and
makes it useful for contracts, registration, voting, escrow and more, essentially knocking out
the need for third parties.
"Bitcoin is here for the 2.5 billion people around the world that do not have access to banking.
Bitcoin is here for folks that want to shop securely online without worrying about credit card
fraud or identity theft. Bitcoin is here to offer cheap remittances to families around the world.
And Bitcoin is here for the public to put their trust in mathematics instead of in a third party,"
said Paul Paterakis, a member of the NY Bitcoin Group.
PYC, Inc. will also launch their new website unbank.world to coincide with their latest
ABOUT THE COMPANY
PYC, Inc. was founded in 2014 by Emilio Pagan-Yourno and is based out of Wyoming, Delaware. The BTM operator currently has machines in New York State, Vermont, and New Hampshire, with continued expansion planned in the United States and the world. Website: unbank.world - Launches 2/16/15