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Digital currency, a rapidly growing global trend, is now the family business for two Arkansans.

The cryptocurrency Superior Coin was launched by brothers Michael and Nathan Senn in July, the El Dorado News-Times reported.

Since then, the company has built an international staff and a platform that allows the currency to be traded on three different exchanges, according to the newspaper.

Superior Coin, like the original cryptocurrency bitcoin, operates independently of a central bank and can be used in online markets or be exchanged for U.S. dollars.

Michael Senn told the News-Times that the pair got the idea from a website where users perform small tasks and are paid by a virtual currency that can be used to pay other users to perform tasks.

Senn said the El Dorado natives wanted to expand the system by injecting U.S. dollars into it.

He told the newspaper that Superior Coin is different from bitcoin and other currencies in that it's private and untraceable.


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Archived Comments

  • Razrbak
    January 30, 2018 at 9:44 a.m.

    "He told the newspaper that Superior Coin is different from bitcoin and other currencies in that it's private and untraceable." Get ready to have a lot of attention from the IRS and the DOJ concerning the new business.

  • RBear
    January 30, 2018 at 12:15 p.m.

    If you Google up Superior Coin, you'll find a lot of Peyton Place style drama going on about the cryptocurrency. I would have to see more details on this to determine if it's really ready for prime time. There is an excellent article in the El Dorado News-Times on the start up (link in this article), including the details of the dust up with Michael Q Todd. I would suggest reading it before taking any action on the cryptocurrency.

  • MichaelQTODD
    February 28, 2018 at 1:38 p.m.

    The Senn brothers from 6284 Mt Holly Rd El Dorado are actually notorious criminals and gangsters one of them Nathan has already been arrested before for drug dealing in El Dorado. They stole the Superior Coin business on July 21 last year along with several million dollars of cash and 260 million coins. They actually have zero right to anything they are claiming and the FBI will move to indict them soon. Just read my Linked In or my Facebook there are dozens of documents documenting the theft