Dominican, Adella Toulon-Foerster, has been named Vice President of Special Project at CoinOutlet INC, a major US-based company in the emerging Bitcoin industry.
She attended the Convent High School, Dominica State College, and then went on to earn an LLB with honours from Nottingham Law School.
During her fourth year there, Toulon-Foerster wrote a dissertation entitled: “Crossing The Line: Tax Havens and Offshore Financial Centres”.
Toulon-Foerster then attended the George Washington University School of Law in Washington, D.C., completing her Master of Laws in Business and Finance Law with her paper: “Bitcoin: Strength in Numbers”.
Toulon-Foerster has been interviewed and written extensively on Bitcoin and how it could potentially impact the lives of the billions of unbanked people in developing and emerging markets.
In her new job she will work directly with the CEO of CoinOulet INC and the Legal Department.
Below is an interview with DNO.
DNO: Tell us more about your company.
ATF: CoinOutlet LLC is a American company that specialises in financial services kiosks. Our initial products are Bitcoin ATMs, which are at the centre of the Bitcoin ecosystem because they allow public access to easy and convenient buying and selling of Bitcoin for cash. CoinOutlet’s kiosks provide secure fulfillment services with bank grade security, and will soon be popping up all over the United States due to our recent deal with Locant Services, which allows installation of the ATMs at 100,000 high traffic public locations including Walmarts, 7/11s and airports! And of course we comply with American financial regulations, including KYC/AML.
DNO: How do you fit in there?
ATF: I work directly with the legal department and the CEO. Among other things, I am responsible for scoping and implementing CoinOutlet’s special projects and strategic initiatives, including the development of the long-range domestic and international strategic plan. But, as a Dominican and a West Indian, remittance issues are always near and dear to me. I would like to see Caribbean people send their hard earned dollars home to their loved ones for a minimal charge. According to the World Bank, over half a trillion dollars are sent every year as remittances. Can you imagine that? Those dollars are from people who are working hard to take care of their families. Why should they have to pay an arm and a leg to send money home?
DNO: So CoinOutlet is concerned about these sorts of things?
ATF: Absolutely! CoinOutlet is a very conscious, progressive company. We want to do things differently and we always look at the impact on the ecosystem that we are working in. Our goal is to provide a top notch service and address some of the issues of the unbanked. I am really proud to be a part of this team of dynamic people.
DNO: Here in Dominica we’ve heard a lot about Bitcoin because of the Bit Drop that’s been said to be happening here next year. Are you or CoinOutlet involved with that?
ATF: Not directly. But we do hope to install some of our ATMs in Dominica so that when people receive their free Bitcoin, they can turn it into E.C. dollars if they wish or if they like Bitcoin can buy some more conveniently with E.C. dollars. I think it is a really cool initiative and they’re throwing a big fete, so I’ll definitely want in on that!