Netcoins Helps Retailers Launch Virtual Bitcoin ATMs
Netcoins is a Bitcoin ATM company that provides virtual Bitcoin ATMs to retailers. The company launched its operations in Vancouver in 2015. Now, it is spreading to other parts of Canada and beyond. Any device can be your ATM. Michael Vogel is the founder of Netcoins. Cointelegraph asked him about the company, its services, performance and goals. According to Michael, Netcoins’ BTM was born out of the desire to provide a way for stores to sell Bitcoin, and a convenient way for consumers to buy Bitcoin in a familiar retail setting. Just like with physical ATMs, there is a convenience fee on....
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Michael Vogel a Canadian from Vancouver wants to spread Bitcoin adoption by improving accessibility and removing barriers. The co-founder of the Netcoins application offers a software service that enables merchants to house a virtual Bitcoin ATM with only a smartphone. A Bitcoin ATM, But Without the ‘M’. Netcoins is a software company out of Vancouver,....
Media Markt, a chain of electronic retailers has decided to launch Bitcoin ATMs in Austria. The German multinational chain of retailers would install these ATMs across the whole nation, users can now withdraw Bitcoin from Kurant vending machines. Media Markt has a huge presence around Europe. The European Union has been quite warm regarding crypto […]
Recent news cited that about 175,000 Hyosung’s ATMs will incorporate the Bitcoin purchasing app in their operations. The idea is to facilitate Bitcoin transactions among ATM operators and retailers using Hyosung’s machines. The US crypto retailers and ATM operators now have the leverage to purchase BTC through Hyosung’s ATMs. The event occurred after Hyosung America […]
Developing events reveal a pronounced step in the expansion of the Bitcoin market in Canada and Australia if the recent actions of Netcoins is anything to go by. Bitcoin in gas stations and grocery stores. Netcoins who recently announced its partnership with Flexepin, a prepaid paper voucher system available in denominations up to $500, claims that this move will provide 7000 new Bitcoin access points in Canada and Australia. Michael Vogel, CEO at Netcoins, says: “Next time you fill up at the gas station, you might just be able to buy Bitcoins there too. Netcoins' partnership with Flexepin....
It will be up to the specific ATM operator to decide whether they want to incorporate the service making it unlikely all 175,000 of Hyosung’s ATMs will actually support BTC buying. Hyosung America has signed a partnership deal with cash-to-crypto provider DigitalMint that enables Bitcoin (BTC) purchasing across the firm’s 175,000 ATMs located in the U.S. Apart from offering its own BTC and Litecoin (LTC) payment rails such as ATMs, bank wires and tellers, DigitalMint also provides software API integrations that allow retailers or ATM operators to sell BTC through their machines. As part of....