Diamond Circle Suspends Operations Amid Cash Crisis

Australian bitcoin hardware producer Diamond Circle has actually suspended operations pointing out an absence of capital.

The company, which launched Australia’s first cashless ATM in 2013, is presently looking for a buyer for its wallet service, cloud hosted platform, NFC card innovation, ATM network, hardware, bitcoin point-of-sale solution, information, hallmarks and trade secrets, as well as the source code for all its platform components.

Talking to CoinDesk, Stephen Rowlison, CEO at Diamond Circle, stated that the decision had actually been taken based on a “absence of capital to continue system maintenance”.

Continue reading at CoinDesk


CoinDesk

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