Robocoin develops a cheaper way to transmit cash

A new ATM has been developed by Robocoin that facilitates sending cash to another account or ATM at a very low cost.

Robocoin's Romit has enabled a way to transmit cash through a Robocoin ATM to another ATM or merchant account without the high-cost that remittances usually carry.

"Romit enables unprecedented low-cost global money transfers by leveraging Bitcoin's underlying blockchain technology, while also removing bitcoin from the customer experience", Robocoin CEO Jordan Kelley, says.

At present, there are a few companies that offer economical transaction services and by associating with some these and developing new channels beside their own, Robocoin will be able to expand its services to a wider area.