National Remote Cash Deposit Services for Bitcoin ATM Operators

BankLine frees Bitcoin ATM operators from geographic restraints with groundbreaking national Remote Cash Deposit Services.

Press Release updated: Oct 24, 2017 11:29 EDT

BankLine, in partnership with TransGuardian and Rapid Armored, announces insured “next day” or 1-3 day transfer of funds via any USPS location in the USA. Bitcoin ATM operators now have a way to securely transport cash for electronic credit to their account.

The service is “bank agnostic” and eliminates any geographic boundaries of their financial institution service footprint, or its contracted cash logistics courier. BankLine provides a centralized management system that tracks cash shipments from any Bitcoin ATM location in the U.S.

This is a huge step forward for Bitcoin ATM operators in need of a safe and efficient way to cash deposits for electronic credit to a business operating account. The service can also be used to transport cash from a Bitcoin ATM location to either a bank vault or to a parent organization’s regional or central location.

TransGuardian was originally formed to handle collectibles, fine art, jewelry, gems, and other high- value items. BankLine, TransGuardian, and Rapid are now offering Remote Cash Deposit Services to provide the industry with a safe and efficient mechanism for the transportation of cash.

Via TransGuardian’s partnership with the United States Postal Service underwritten by Lloyds of London, BankLine is exclusively licensed to the tracking module RADAR, which enables proactive tracking and tracing through the mail stream. The USPS can pick up from, and deliver to, any business location within the U.S. or its territories.

Rapid is a licensed Armored Car Carrier under the United States Department of Transportation and the New York Department of State. Rapid is fully insured portal-to-portal by Lloyd’s of London. Rapid offers a wide variety of currency services, including cash transportation and money transmitting.

About BankLine

BankLine is the only Bitcoin banking solution offering a portfolio of banking partners to serve the varied needs of the entire Digital Currency Exchange and Bitcoin ATM industry.

Our commitment to service and use of technology is reinventing the Digital Asset industry by providing our clients and partner banking institutions new technologies and mechanisms for more expedient, compliant, and efficient transactions while allowing greater control and increased profitability.

Contact BankLine

Andy Benjamin

Source: BankLine

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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