Bitcoin Shop Acquires Additional Equity in Coin Outlet; Interview with CEO, Charles Allen
On Thursday, March 26, 2015 Bitcoin Shop, Inc. announced that it has acquired an additional 2% equity ownership in Coin Outlet, reducing Coin Outlet CEO Eric Grill’s shares by 701,966 while increasing Bitcoin Shop’s to 4.2%. "Today we are pleased to announce our additional ownership interest in, and partnership with, Coin Outlet,” stated Bitcoin Shop CEO, Charles Allen. “Their ATMs should allow consumers to exchange fiat currency for bitcoins through one fundamental and easy-to-use transaction. Additionally, with the help of Coin Outlet, we plan to leverage their ATM network as another....
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Recently, Bitcoin Shop, Inc closed on financings for aggregate proceeds at almost $500,000. Additionally, Bitcoin Shop saw it fit to invest $100,000 more in one of their partners, Coin Outlet. "This is a great step to encourage the use of digital currencies among consumers who have yet to experience the easy exchange of US dollars to bitcoins." "As the lead investor in Coin Outlet, we are pleased to see the installation of Coin Outlet's ATM at Overstock's headquarters," Bitcoin Shop CEO Charles Allen said. Coin Outlet's bitcoin ATM at Overstock isn't the only thing impressive about the....
BTCS, also know as Bitcoin Shop, Inc, has announced the acquisition of additional ownership within Coin Outlet. The company also announced the deployment of new transaction verification servers in a new location, which will lower operating costs for the company by 30%. Both of these announcements signify forward moving progress for BTCS’ vision of becoming a universal platform. The goal of BTCS is to give users the ability to engage with the digital currency ecosystem through one point of access. Though it is currently in beta, the site gives users the ability to purchase products using....
We're learning this afternoon that Bitcoin Shop, Inc CEO Charles Allen has been appointed to the Advisory Board of digital currency payments processor GoCoin, LLC. The appointment comes about two months following a $1.5 million Series A funding round led by Mr. Charles Allen himself along with Bitcoin Shop Chief Operating Officer Michal Handerhan. "Charles brings extensive business and financial leadership to the GoCoin Advisory Board," said Steve Beauregard, founder and CEO of GoCoin. "We welcome his guidance and look forward to a long, successful working relationship together." GoCoin....
Bitcoin Shop is a company that is trying to improve four main aspects of Bitcoin: Ways to shop with Bitcoin- with Bitcoin Shop. The way you store Bitcoins – with BTCS Wallet. The way you mine – with BTCS Mining. Ways to exchange Bitcoin – BTCS Atms. Through strategic partnerships, investments, and purchases they are doing just that. I’m here with Charles Allen, the CEO over at BTCS. Charles has big ambitions and rather than trying to reinvent the wheel, he has teamed up with people whom he believes are great companies in the industry they work in. Could you tell me a little bit about what....
Bitcoin Shop, Inc. (BTCS) and Spondoolies-Tech recently announced that they are in the process of merging operations in order to create the first publicly-traded bitcoin transaction verification companies. BTCS has recently launched its own mining farm and would own 53% of the merged entity. With this merger, BTCS can gain access to the technology of one of the top hardware providers in the ecosystem, which is Spondoolies-Tech. Charles Allen, the current CEO of BTCS, will act as the CEO and chairman of the merged company while Guy Corem, Spondoolies CEO and co-founder, will serve as a....