PHOENIX -- Cephas Holding Inc. says its goal is to become a leader in the distribution of automated retail solutions that market bitcoin.
With the launch of its Bitcoin Vending Network, the Phoenix company is targeting individuals, retailers and commercial landlords interested in selling bitcoin via vending machines and point-of-sale terminals.
It will offer plans for entrepreneurs to purchase or lease bitcoin machines.
The company said it chose to build its model around vending rather than ATMs due to the evolving regulatory climate, since regulators are presently more accepting of the direct sale of bitcoin rather than the exchange of bitcoin for dollars.
Cephas said it is negotiating locations for company-owned machines, which will serve as a model for potential operators. The company expects to take delivery of its initial machine this month.