Robocoin goes global with new, secure account system

Banking and Remittance Features demonstrated:

•Instantly deposit (buy bitcoin) and withdraw (sell bitcoin) from a Robocoin Account – cash and bitcoin balances adjust in real time. Robocoin Accounts are the first truly instantaneous bitcoin cash technology unsusceptible to double-spend risks.

Manage your money online at Robocoin.com (built for web and mobile).

•Send money to anyone using just their phone # – no bitcoin address required (but still optional). Imagine USD to (bitcoin-to) Peso – faster and cheaper than Western Union or Moneygram.

•Easily send and receive bitcoin between your Robocoin Account and any Bitcoin wallet.

Security Features:

•Login requires biometric proof-of-identity. Palm-vein scan, with hardware partner Fujitsu, is a high-tech security measure to protect accounts and combat ID fraud.

Robocoin is migrating its servers into a Tier 4 datacenter - the only one of its kind in North America.

•Most bitcoins are secured in cold storage (offline) built on multi-signature architecture. Private keys are divided in bank vaults around the world. All deposits go straight to the cold wallet.

•Robocoin has contracted some of the best penetration testers to independently audit Robocoin security.

Robocoin uses proof of solvency to provably demonstrate 100% reserves.

Launch Timeline:

"We’re aggressively testing internally. Soon we’ll migrate to a high security data center then begin rigorous external penetration testing. We’ll welcome our first customers around the end of summer," sources said.

"Robocoins start at US$ 15,000 and our operators are making a lot of money," they added.