Virtual Web Assist, in collaboration with Compumatrix International, recently unveiled one of the exciting projects which they have been working on. A Bitshares ATM which accepts and dispenses cash or an NFC ATM card. The ATM was unveiled by Rene Munji, General Manager of Virtual Web Assist and Henry James Banayat, co-founder of Compumatrix International, during a Bitshares meetup in the City of Baguio.
Virtual Web Assist plans to distribute the ATMs in several locations in Baguio City (the Summer Capital of the Philippines) which will serve as their pilot location.
“We want the community to know that Bitshares is by far one of the best blockchain ecosystems out there. It is the fastest in terms of transaction processing which surpasses that of the VISA Network” — Rene Munji, Manager, Virtual Web Assist
The collaboration called the Bitpal Project is also developing point-of-sale systems, mobile apps, physical mobile wallets or personal devices, and a web wallet which are all poised to aid the onboarding process into the Bitshares ecosystem.
“We believe that projects like these doesn’t need to be part of the worker proposal system. Innovation doesn’t need permission from anyone, not even from the Bitshares committee or community. A truly decentralized platform must focus on ways to develop APIs and code that developers could use to build on top of the powerful Bitshares blockchain. We believe that by creating a community of volunteers who are passionate about Bitshares, we can make a difference and make the onboarding process easier.” That was the view of Mr. Banayat.
Mr. Munji also noted that Virtual Web Assist plans to conduct an ICO for the Bitpal Project where funds will be used for the aggressive onboarding efforts and marketing, development of a global exchange, development of a seamless integration with major banks, empowering countryside development through Rural banks, and last but not the least, manufacturing and distribution of Bitshares ATMs and Personal Devices with white-label options.