• Genesis Coin Inc., the world’s first and largest bitcoin ATM software platform, has been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.
• Together, Genesis Coin and Bitstop represent more than 75 operators with over 12,000 bitcoin ATMs worldwide.
• Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors.
Genesis Coin Acquired By Bitstop Founders
Genesis Coin Inc., the world’s first and largest bitcoin ATM software platform, has been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo. As part of the acquisition, Barnard will become Chief Executive Officer and Carrillo will become Chief Strategy Officer; both joining the Board of Directors at Genesis Coin. The headquarters for Genesis Coin will move to Miami, Florida.
Combination Of Two Leading Software Platforms
This transaction represents a combination of two leading software platforms in this industry which creates value for both companies’ stakeholders. Evan Rose, Founder of Genesis Coin will stay on as a technical advisor while continuing membership on the company’s Board of Directors. Moving forward there are plans to introduce new products and services this year.
Over 35% Of Bitcoin ATM Transactions Powered By Genisis
Currently Genesis Coiin technology powers over 35% of all Bitcoin ATM transactions around the world thanks to their partnership with Chivo network in El Salvador as well as other private label Bitcoin ATM platforms from Bitstop.
Over 2,500 Bitcoin ATMs Worldwide
Bitstop currently has over 2,500 Bitcoin ATMs worldwide facilitating annual sales volume in billions of dollars across U.S & international markets combined with those from Genesis Coin who have their own large network collectively representing more than 75 operators with over 12,000 Bitcoin ATMs worldwide offering excellent customer service & value for users & investors alike.
Andrew Barnard On The Acquisition
According to Andrew Barnard “Genesis coin gave birth to the Bitcoin ATM industry… It’s the first & largest Bitcoin ATM software platform in the world.” He went on to say that combining these two platforms together offers great value & synergy between them making it an ideal choice for both companies stakeholders moving forward into 2021 & beyond!