New England-based firm Ziftr started accepting U.S. dollars last week during its presale of its cryptocurrency Ziftrcoin. The company is accepting the fiat currency in the form of personal checks for Ziftrcoin purchases of $250 or more. The presale closes on the 23rd of January at 12 noon.
So far, the presale has raised $868,862 from 4,122,037 Ziftrcoins sold.
Ziftr CEO Bob Wilkins commented on accepting U.S. dollars:
We think this move makes perfect sense since Ziftrcoins are meant to onboard the next 10 million cryptocurrency users, many of whom have never actually used cryptocurrency until now. By giving people the opportunity to buy Ziftcoins with cash instead of with bitcoins if they so choose, we’re simplifying the purchase process for millions of people who are currently unfamiliar with cryptocurrency but interested in starting to use it as a method of payment.
Ziftr along with RedDotNet announced earlier this month that the two companies had formed a joint venture called Cedar Point Solutions to deliver exchange and payment solutions for cryptocurrency. The venture will deliver hardware kiosks that are designed to simplify the process of buying and transferring cryptocurrencies and converting cryptocurrency into fiat currency.
Ziftr was founded in 2013 by Wilkins and is owned by his other company, myVBO, a full service design, marketing and development company.