KIBIS Blockchain Company will launch cryptocurrency Kiosks starting from UAE in Q2 2019

Lara Abdul Malak 4 December 2018

1 minute read

Blockchain and Crypto News MENA DUBAI UAE

KIBIS, a blockchain-based company is looking to enable its customers to pay for bills and make purchases using cryptocurrencies. The company revealed plans to launch a global network of self-service kiosks that would make it easier for millions of people all over the world to pay for bills using cryptocurrencies. They will also be able to make purchases and have access to other financial services via the kiosks outlets.

As mentioned on their website, “ Our multi-faceted project incorporates self-service kiosks, blockchain architecture, advertising revenue streams and cryptocurrency mining.” Kibis has partnered with telecom operators, utility providers so that clients can use the Kiosks to pay their bills whether it is water, electricity, airline tickets, etc.. KIBIS kiosks will accept either cash payments or cryptocurrencies.

In addition to using the KIBIS kiosks for payments, and advertising, they will also be used for mining cryptocurrencies in a more efficient, energy effective manner.

KIBIS will launch a public presale starting December 10, with the event to be followed by a full ICO. By next year, the company is looking to start ordering the manufacture of the machines with their built-in mining equipment which will first be launched in the United Arab Emirates, followed by Oman, Bahrain and other MENA countries.