More and more crypto ATMs are starting to pop up throughout Wisconsin and the nation.


Former Milwaukee Journal Sentinel reporter Paul Gores explores the growing financial trend in an article published on the Wisconsin Bankers Association’s website. He tapped Concordia’s Computer Science Chair and cryptocurrency expert Dr. Mike Litman for insight.

“I would actually make the argument that in some ways banks should be embracing this,” Litman told Gores.

Litman, who has served at Concordia since 2006, holds bachelor’s and master’s degrees in computer science from Western Illinois University, where he earned the magna cum laude distinction for his undergraduate degree. He received his PhD in computer science from Nova Southeastern University in 2006. In addition to his teaching and leadership positions at Concordia, Litman operates his own computer science consulting firm, Awesomefat. His background is in software engineering, and he holds more than 35 proprietary software publications to his name.

Litman was an early adopter of cryptocurrency and remains active within the digital currency market. He mined his first Bitcoin in March 2009—just three months after the very first Bitcoin came into existence, and when it was worth only a penny. He offers seminars on the topic and has taught an elective course on cryptocurrency at Concordia in the past. From 2010 to 2012, he served on the advisory board for Coinbase, the largest cryptocurrency exchange in the United States.

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