MANCHESTER – Entrepreneurs developing new products often face an uphill battle explaining value to customers, but the learning curve doesn’t get much steeper than when you’re working with Bitcoin, the digital sort-of currency that has drawn fascination, uncertainty and derision since it exploded on the scene this winter.
“First there’s wrapping your head around the technology … then there’s wrapping your head around what this means for the future of payments and financial institutions,” said Zach Harvey, of Manchester, one-third of the firm Lamassu Bitcoin Ventures, which is about to unveil the first ATM that can turn paper money into Bitcoins. “But once you realize how powerful it is, it makes other technology feel ancient. We want to give you the tools for a new financial world that may not need currency the way we need it today.”
Harvey and his brother Josh brought their guitar store to the U.S., because their native Israel had too much regulation. They have dual citizenship.
They were drawn to New Hampshire by the ideals of the Free State Project, which has embraced Bitcoin because it’s free of government control.
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