Cephas Holding Inc. announced that it has launched the Bitcoin Vending Network. The Network is targeted at individuals, retailers and commercial landlords interested in selling bitcoin via vending machines and point of sale terminals.
Cephas' goal is to become a leader in the distribution of automated retail solutions that market bitcoin, according to its release.
The network expects to offer plans for entrepreneurs to purchase or lease bitcoin machines. For a modest investment, an individual can be in the bitcoin business on the ground floor of anticipated exponential growth.
The company specifically chose to emphasize vending rather than ATM due to the evolving regulatory climate. Cephas believes that regulators are presently more accepting of the direct sale of bitcoin rather than the exchange of bitcoin for dollars.
Locations for company owned machines are being negotiated both to generate revenue and to serve as a model for clients.
Cephas expects to take delivery of its initial bitcoin hardware this month.
