Since his retirement from the NFL, three years ago, Sidney Rice has become an investor hard. He has created a restaurant chain in Seattle and began to manufacture t-shirt. In addition to these companies, he has also invested in several start-ups specialized in new technologies. Today, it launches in the crypto-currencies.
The former wide receiver of the NFL involved in the sale of UpToken, a new virtual currency created by Coinme, a start-up company local to Seattle. Founded in 2014, the company currently operates nearly 39 atms in the United States. Coinme has since expanded its offerings and now include an exchange service for crypto-currencies.
The launch of UpToken
The start-up has announced the launch of its new crypto-currency yesterday. This digital currency is available on the different atm from Coinme. Sidney Rice, who played for seven seasons in the NFL, has started to become interested in crypto-currencies last year. He’s collaborated with the CEO of Coinme, Neil Bergquist, and has installed an atm of Bitcoins in one of its restaurants.
For those who still do not know what is a UpToken, here’s an explanatory video :
Today, he advises start-ups and is involved in the sale of this new digital currency. Even if many questions remain about the legitimacy and the future of crypto-currency, Rice said that he had confidence in Coinme.
A start-up company with a capital of more than $ 1.5 million
Today, Coinme employs 25 employees at its headquarters in Seattle. Since its inception, the company has already collected nearly $ 1.5 million. The company earns money due to the transaction costs of its atms. These tools currently have the wind in their sails.
The goal of Coinme is to allow users to exchange crypto-currencies. According to the CEO of the company, access to these digital currency are today a major obstacle for the users. These atms will contribute to the democratization of crypto-currencies, he added.
Source : Over at geekwire