CBD Life Sciences, Inc. (CBDL) Introduces First Bitcoin ATM Machine at Retail Location
CBD Life Sciences (OTC PINK:CBDL) has announced plans to install a Bitcoin ATM at one of its retail locations, with future plans for more machines at additional CBD and medical marijuana facilities. The selected machine, Finney3, enhances customer access to cryptocurrencies while promoting increased foot traffic. CEO Lisa Nelson emphasizes the strategic advantage of early adoption of cryptocurrency in retail. The statement also highlights the privacy and security benefits of Bitcoin ATMs compared to online exchanges.
- Introduction of a Bitcoin ATM may attract more customers.
- Future plans to expand Bitcoin ATM installations across multiple locations.
- None.
SCOTTSDALE, AZ / ACCESSWIRE / December 14, 2021 / Today CBD Life Sciences (OTC PINK:CBDL) through its wholly owned subsidiary, LBC Bioscience Inc. announces that the company is going to be placing a Bitcoin ATM Machine in one of its retail locations in the upcoming weeks.
CBD Life Sciences Inc. has been producing several effective strategies and one of these strategies is to place a Bitcoin ATM Machine in one of its retail locations and as time goes on put about a dozen more machines in other CBD locations along with Medical Marijuana Facilities as the company moves forward. The Bitcoin ATM Machine CBD Life Sciences Inc. is working with is called the Finney3 which is the newest machine out on the market as of today. A bitcoin ATM allows customers to buy bitcoin and other cryptocurrencies. The use of "ATM" is a misnomer. The machines are not actually ATMs and do not dispense cash. Rather, they are kiosks that connect to the bitcoin network and allow customers to purchase crypto tokens with deposited cash. Bitcoin ATMs are rarely operated by major financial institutions and do not connect customers to a bank account. President & CEO Lisa Nelson states "Overall, cryptocurrency is the future and by placing these kiosks in multiple locations, it will bring more foot traffic into someone's store." Lisa Nelson also states, "As a team, our goal is to be one step ahead of the competition and I think this is a great idea to help not only us, but other companies as well that may be interested in getting one of these machines in their store."
One of the most popular benefits of Bitcoin ATMs is the privacy they offer. Bitcoin was designed to be a private, secure, and decentralized unit of exchange. When you transfer Bitcoin from one wallet to another, the record of this is visible for anyone to see. However, as there is no link between your wallet and your identity, transactions are kept
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About LBC Bioscience Inc.
LBC Bioscience Inc. is a wholly owned subsidiary of CBD Life Sciences Inc. LBC has developed and is retailing/wholesale a full line of cannabidiol based organic products including CBD Drops, Gumballs, Honey Sticks, Pain Relief Creams, Anxiety & Sleep Supplements, Edibles, Coffee, Skincare Line, Pet Line, Tablets and more. LBC's products can be viewed and purchased on the Company's website at www.lbcbioscienceinc.com.
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Contact: Thomas E. Nelson
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SOURCE: CBD Life Sciences Inc.
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FAQ
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