Apple co-Founder, Steve Wozniak has landed at a new role, joining the board of Planet Capital, a new fintech firm making a bid to use the blockchain to overhaul the ATM market, according to a Planet Capital statement.
Los Angeles-based Planet Capital has trumpeted the construction of its versatile ATM, which utilizes the blockchain, cloud and a number of unnamed patent-pending technologies.
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In particular, the retooled ATM by Planet Capital targets cash machine transactions, pay bills, complete POS transactions, gift cards, and virtual currencies. Planet Capital is the product of Lee Caplin, co-Founder of publishing giant Penske Media, and A Lyle Elias, ATM Industry Association o-Founder and PAYe Network founder.
Mr. Wozniak, joins former FCC chairman Reed Hundt, Atari co-founder Steve Mayer, and former Carlyle Group CFO John Harris on the company’s executive panel.
According to a Planet Capital’s CTO Dan Sokol in a recent statement on the appointment, “Planet’s strategy is to deploy kiosks free of charge, removing the ‘pay wall’ and common financial barriers for many merchants desiring to install service-ready, multi-function ATM’s to meet their clients growing financial, digital and virtual needs within this fast-moving economy.”