SOURCE: BTCS Inc.

BTCS Inc.

March 03, 2016 08:37 ET

BTCS Executives Donate Personal Shares to Benefit Consumers' Research

ARLINGTON, VA--(Marketwired - Mar 3, 2016) -  BTCS Inc. (OTCQB: BTCS) ("BTCS" or the "Company"), a blockchain technology focused company which secures the blockchain through its transaction verification services business, announced its CEO and COO have donated shares of BTCS common stock from their personal holdings, currently valued at $170,000 to Consumers' Research (www.consumersresearch.org). 

Charles Allen, chief executive officer of BTCS, stated, "The support Consumers' Research provides to our industry is invaluable, and we're pleased to be in a position to give back to support its mission. As our success continues, we hope to help the work of other qualified non-profit organizations that back burgeoning digital currencies, blockchain technology, and other ledger-based solutions." Allen further stated "Discussions at the Satoshi Roundtable this past week underscored the limited resources available to support critical core development. I plan to work with Consumers' Research to evaluate ways to further direct 40% of the donation toward bitcoin core development in support of blockchain technologies."

Consumers' Research is an independent educational organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding. Consumers' Research dedicates a significant portion of its activities toward generating awareness about the various opportunities presented by digital currencies, the blockchain and other ledger-based technologies and the potential roadblocks to achieving those opportunities.

Kyle Burgess, director of operations at Consumers' Research, stated, "The misalignment between existing regulations and technological innovations continues to be one of the greatest hurdles to the widespread adoption of blockchain-based technologies. Through its collaborative workshops and white papers, Consumers' Research educates consumers, policymakers, and regulators on the importance of responsible, prudent legislation and regulation that allows digital currencies and blockchain- and other ledger-based businesses to thrive. Support from BTCS helps make our efforts in this space possible. Consumers' Research is grateful for the generous gifts from Mr. Allen and Mr. Handerhan."

About BTCS:
BTCS secures the blockchain through its rapidly growing transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast growing industry. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust. BTCS continues to evaluate and build additional blockchain technology consumer solutions. BTCS also actively partners and integrates with strategic digital currency and blockchain and other ledger-based technology companies who provide products or services that are complementary to its business strategy. For more information visit: www.btcs.com.

Forward-Looking Statements:
Certain statements in this press release, including those related to an anticipated merger, constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its digital currency business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • BTCS Investor Relations:
    Michal Handerhan
    BTCS Inc.
    (202) 430-6576
    IR@btcs.com

    Michael Sullivan
    RedChip Companies, Inc.
    (407) 644-4256, ext. 115
    michael@redchip.com