PMX Communities Inc (OTCMKTS:PMXO) Is A Bitcoin Play For Gold Bugs

Bitcoin fever has captured the attention of many individuals worldwide. This valuable asset has returned astonishing returns in a very short period, therefore it makes sense that many are acquiring wallets and cryptocurrency education. It is not only that. It has also brought many advantages and we believe that it will serve as another payment method for everyone shortly.We see only one little issue with this new asset; we are not the only one experiencing this issue.Conservative individuals, who don't understand the value of the new coin, may be interested in selling Bitcoins to capture fantastic returns that it has returned from 2009. These Coin holders will see that to sell their Bitcoins they have to pay a significant amount of money to acquire dollars or any other currency. The bid-ask spread is quite large. This lack of liquidity reduces the final returns delivered by the Bitcoin and makes many stay away from selling cryptocurrency now.If this is your case and you are also interested in acquiring more secure assets like gold bullion bars, you will like what PMX Communities Inc (OTCMKTS:PMXO) has developed. Thanks to PMXO, coin holders will not have to sell Bitcoins, get dollars, and use the cash to buy gold. It seems that PMXO will be accepting Bitcoin directly and will offer gold dispensing machines to execute the transaction efficiently. It looks like a great business innovation.After the company announced on January 5, 2017, the share price spiked up. From trading below $0.01, the share price increased to close to more than one-year highs of $0.02. On the top of it, more than 15 million shares changed hands on the announcement day. In our opinion, it shows that the new gold dispensing machines are interesting many people, and it is apparently entirely good news. Have a look at the recent share price action before we provide more details: Two months chart for PMXOBusinessThis company was founded in the State of Nevada on December 29, 2004. Its business objective is the development of its MGIV gold dispensing terminal, which intends to facilitate the purchase of investment grade gold via its gold terminals as well as its gold products. The company offers a wide range of products that range from 1 g to 1 oz gold bullion bars and replica coins.There is more.According to recent reports, the company is also developing the LXIV BUD BOX terminals, which will dispense products featured in head shops with cannabis-infused goods found in the dispensaries. In addition, smoking pipes, papers, screens, aromatherapy products, and incense among other products related to the marijuana industry will also be sold.We encourage readers to be alert on the new announcements, especially when the new dispensaries will be placed. Information about when and how many dispensaries will be placed is the key to this name. With the help of these figures, we can calculate the expected revenues. So, it could move the share price quite a bit once it is released.We could not find relevant information about when the terminals will start delivering services. The following is the most interesting remark made by the company in this regard:

"As precious metals become more valuable in the marketplace we hope a return to placing the terminals in venues such as malls." Source

The first Bitcoin solution for gold terminals - Has the company expertise in the gold industry?In January, we got to know the development of the first solution for Bitcoin holders to acquire gold. The company released that it intends to find the best solution to combine the on-demand delivery of the company's unique line of fine gold with the cryptocurrency world.We believe that the company has already been working on this solution for a long time, but it is now when the new project has been released. We formed this impression after we got to know when the company's subsidiaries were created. Check it out:

• On September 28, 2010, PMX formed PMX Gold, LLC.
• On September 28, 2011, PMX formed PMX Gold Bullion Sales Inc.

There is a prototype and the company has patentsTwo other clear facts show a lot of work on the part of the group. First of all, it has been said that there is a PMX Gold Bullion Dispensing Terminal prototype deployed in Boca Raton, Florida. This prototype serves as a dispenser, has deposit and account management options and includes touch-screen technology.Additionally, it is very significant to point out that the company has been assigned the ownership rights of two U.S. Provisional Patent Applications and a final International Patent Application Number PCT/US2012/020486 (“Unattended Precious Metal Distribution System, Methods and Apparatus”).Finally, there are applications for its proprietary precious metals machine in Australia, South Africa, and the United States of America. This is a clear catalyst for the share price. If more companies give the new rights, the share price could run. Thus, be alert in this regard.Conclusion and Balance SheetCurrently trading with a market cap of $0.9 million, PMXO is an exciting story among small caps. In our opinion, now that the company has been able to surprise the market with an innovative business model, it is time to recapitalize its balance sheet. The company has assets as is showing property rights, but cash will be needed to finance future developments. Additionally, we believe that a capital raising will also help conservative market participants even get interested in the technology.To sum up, be ready to follow this name, as if the Bitcoin is here to stay, we should talk a lot about PMXO.We will be updating our subscribers as soon as we know more. For the latest updates on PMXO, sign up below!Disclosure: We have no position in PMXO and have not been compensated for this article.Image courtesy of Abby via Flickr