Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders

0c14cfbb8b0e677b02aca3dd79ea768d - Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders 4 news release

PRESS RELEASE. Miami, Florida, 24th January, Chainwire. Genesis Coin Inc, the very first and also biggest Bitcoin ATM software application system worldwide introduced today that they have actually been obtained by very early Bitcoin ATM leaders Andrew Barnard and alsoDoug Carrillo

Founded in 2013, Genesis Coin’s modern technology powers about 35% of worldwide Bitcoin ATM deals. Barnard and also Carrillo, that additionally started Bitstop, developed the very first and also biggest private-label Bitcoin ATM system based in Miami, FL with over 2,500+ Bitcoin ATMs worldwide. Genesis Coin and also Bitstop stand for over 75+ drivers running 12,000+ Bitcoin ATMs in the United States and also global markets powering billions of bucks in yearly sales quantity.

As component of the procurement, Andrew Barnard will certainly come to be Chief Executive Officer and also Doug Carrillo will certainly come to be Chief Strategy Officer and also both will certainly sign up with the Board of Directors ofGenesis Coin Evan Rose, Genesis Coin’s creator, will certainly remain on as a technological consultant and also continue to be a participant of the firm’s Board ofDirectors The Genesis Coin head office will certainly transfer to Miami, Florida.

“Genesis Coin gave birth to the Bitcoin ATM industry,” claimedBarnard “It’s the first and largest Bitcoin ATM software platform in The World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.

Our industry is now rapidly changing and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and platform which has partnered with some of the largest companies both private and publicly traded from the traditional ATM industry. We plan to bring our background and expertise in building the best technology and team in the Bitcoin ATM industry to Genesis Coin. We believe this is a win-win for all stakeholders,” enhanced Barnard.

“Andrew, Doug, and I have been friends for a long time and have also been friendly competitors,” commented Rose. “They have a reputation for their innovative and creative thinking. In addition, they have been successful in establishing key relationships in the Bitcoin space and their technical expertise and knowledge of Bitcoin is very impressive. In turn, this has allowed them to attract and retain top-tier talent and build great products. This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies’ stakeholders. It combines the best product, engineering, and leadership teams in the space. I’m thrilled to work alongside them and look forward to introducing very exciting new products and services we have planned for this year,” commented Rose.

Barnard, Carrillo and Rose stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies. Genesis Coin has already made several key hires to its development team with a core focus on product development.

“This acquisition represents the most significant event in the Bitcoin ATM industry to date,” said Carrillo. “Our commitment is to provide Genesis Coin with the proper resources it needs to pave the way for continued growth and innovation. We truly believe that this new combination of the best minds in our space will be the catalyst for the Bitcoin ATM industry evolving into its next phase. We are hyper-focused on building the best software for Bitcoin ATMs in the world. Today, the most sophisticated operators in our industry rely on Genesis Coin and Bitstop technology to power their businesses. As a result, we have become ‘The Standard’ in the Bitcoin ATM space where virtually all industry organic M&A activity today is occurring on the Genesis Coin and Bitstop networks.” endedCarrillo

“Leverage dominated the entire cryptocurrency space over the last two years. Many other platforms in our industry couldn’t resist the siren song,” claimedBarnard “This is a capital-intensive industry where you do not want to be in a lot of debt. Genesis Coin is financially secure with a strong balance sheet, no debt, and strong cash flow. The company does not have external investors. The result of this is that operators can build their future on the Genesis Coin platform with confidence. In a volatile industry, we are a beacon of stability. We are bullish on the potential of this industry. We see significant market growth from here over the next 10 years. We believe we are in the best position in the industry to unite the very best operators and support their growth. Our goal is to listen to our operators and deliver the very best products and features to them so they can deliver maximum value to their customers at scale,” endedBarnard

About Genesis Coin

Genesis Coin is the very first and also biggest white-label Bitcoin ATM network worldwide. We are the premier service provider of independent vending remedies for bitcoin. Genesis Coin’s exclusive took care of framework software application remedy has actually moved it to come to be the biggest service provider of Bitcoin ATMs and also software application promoting self-service acquiring and also marketing billions of bucks in cryptocurrencies throughout the globe each year. Genesis Coin’s software application gives clients with a trustworthy, customized running system. Genesis Coin supplies its software application by marketing BTMs to third-party drivers that give chances for services seeking to expand their income and also drive foot web traffic to their places. Our makers make bitcoin basic for everybody. www.bitcoinatm.com

Contact

CEO

Andrew Barnard

Genesis Coin Inc

media@bitcoinatm.com

 

 

 

 

Tags in this tale Bitstop

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