ATM operator Stargroup, which had plans to convert its some of its machines to digital currency Bitcoin, is trading as normal despite going into administration.
This week Richard Tucker and John Bumbak of insolvency experts KordaMentha Restructuring were appointed as receivers and managers.
The companys latest annual report showed debt of $9.1 million.
Today Goldfields Money Limited, which provides the cash for Stargroups network of automatic teller machines, said its owed $526,000 in fees.
The company says it has about $6.5 million in the network.
Cash deployed by Goldfields Money under the terms of the existing bailment funding agreement with Stargroup is and remains the property of Goldfields Money, …
Read the full article at: https://www.businessinsider.com.au/the-australian-atm-company-planning-to-offer-bitcoin-is-in-administration-2017-11
