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Newswsws
Ne
Ne
Ne

I
IT expertise to implement UC effectively.T expertise to implement UC effectively. of the technology, reflect on the wider
of the technology, reflect on the wider
impact of the rollout and endorse
impact of the rollout and endorse
Private sector remedy for UC headachesy for UC headaches the initiatives of private companies
Private sector remed
the initiatives of private companies
striving to provide workable solutions
U striving to provide workable solutions
U.K.-based Contis Group Ltd., which is working with credit unions to offer .K.-based Contis Group Ltd., which is working with credit unions to offer
for claimants."
UC recipients its credEcardplus prepaid card program for money management C recipients its credEcardplus prepaid card program for money management
U for claimants."
and spendin
and spending, said the apparent waste in IT spending for UC is the least of g, said the apparent waste in IT spending for UC is the least of
Bitcoin
the DWP's problems. "If the top civil servants in charge of the initiative don't he DWP's problems. "If the top civil servants in charge of the initiative don't Bitcoin
t
u
understand how [UC] works, how are benefit recipients supposed to?" Contis nderstand how [UC] works, how are benefit recipients supposed to?" Contis
Gr
The prepaid card provider cited research conducted by the U.K. charity and kiosks enter
Group said in a statement.oup said in a statement.
The prepaid card provider cited research conducted by the U.K. charity and kiosks enter
marketplace
f financial planner, Citizens Advice Bureau, that nine out of 10 U.K. benefit inancial planner, Citizens Advice Bureau, that nine out of 10 U.K. benefit
r
recipients – many of them considered unbanked – will be unable to cope with ecipients – many of them considered unbanked – will be unable to cope with marketplace
UC because they don't have the skills to handle their own finances. It is estimated C because they don't have the skills to handle their own finances. It is estimated
U
t that 20.3 million families in the region receive some form of government hat 20.3 million families in the region receive some form of government
h
assistance, with a sizable portion of that population receiving more than half of
assistance, with a sizable portion of that population receiving more than half of he alternative currency known e alternative currency known
as Bitcoin is looking more looking more
their income from welfare payments. T as Bitcoin is
their income from welfare payments.
legitimate with news that gitimate with news that
le
Contis Group expects that U.K. credit unions will thus experience a deluge of
Contis Group expects that U.K. credit unions will thus experience a deluge of T the first bitcoin ATM/kiosk the first bitcoin ATM/kiosk
is n
potential new unbanked customers seeking assistance with managing their UC
potential new unbanked customers seeking assistance with managing their UC is now available on the market. Las ow available on the market. Las
Ve
payments.
payments. Vegas-based Robocoin Technologies gas-based Robocoin Technologies
r reported in late August 2013 that it eported in late August 2013 that it
was acceptin
"The e-money industry, which is supporting benefit claimants with basic banking was accepting preorders for Robocoin g preorders for Robocoin
"The e-money industry, which is supporting benefit claimants with basic banking
Kios
services, is sprinting to arm credit unions and their members with the e-accounts Kiosks, free-standing, self-service ks, free-standing, self-service
services, is sprinting to arm credit unions and their members with the e-accounts
kiosks t
and online budgeting tools that benefit recipients desperately need in order to kiosks that allow for trading bitcoins.hat allow for trading bitcoins.
and online budgeting tools that benefit recipients desperately need in order to
survive the switchover," Contis Group said. "The DWP needs to take its head out
survive the switchover," Contis Group said. "The DWP needs to take its head out
A Robocoin blog post said that the Robocoin blog post said that the
A
kiosks compl
kiosks comply with federal regulations y with federal regulations
and include bank-grade hardware and grade hardware and
and include bank-
security. The kiosks sell for $20,000 per y. The kiosks sell for $20,000 per
securit
unit and can be purchased with U.S. nit and can be purchased with U.S.
u
dollars or bitcoins. Robocoin offers a ollars or bitcoins. Robocoin offers a
d
r revenue sharing opportunity for kiosk evenue sharing opportunity for kiosk
owners. T
owners. The post said that not only he post said that not only
will t
will the kiosks attract bitcoin users he kiosks attract bitcoin users
to businesses, but the kiosks will also , but the kiosks will also
to businesses
have a positive influence on the overall ave a positive influence on the overall
h
b
bitcoin market.itcoin market.
"[E]very Robocoin on the market [E]very Robocoin on the market
"
increases bitcoin liquidity and usage,
increases bitcoin liquidity and usage,
putting upward pressure on the digital
putting upward pressure on the digital
currency's valuation, awareness and
currency's valuation, awareness and
legitimacy," the post said.
legitimacy," the post said.
Robocoin said its kiosk is integrated
Robocoin said its kiosk is integrated
with popular bitcoin exchanges Mt.
with popular bitcoin exchanges Mt.
Gox and Bitstamp and that trades
Gox and Bitstamp and that trades
conducted via the kiosk are done in real
conducted via the kiosk are done in real
time. The kiosk also features a palm
time. The kiosk also features a palm
vein scanner to satisfy anti-money
vein scanner to satisfy anti-money
laundering regulations and a webcam
laundering regulations and a webcam
for identification verification and to
for identification verification and to
comply with know-your-customer
comply with know-your-customer
requirements.
requirements.
Kiosk users insert cash into the
Kiosk users insert cash into the
machines and then scan quick
machines and then scan quick
response codes with smartphones to
response codes with smartphones to
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