Coin Outlet to Launch World's Largest Bitcoin ATM Network
Coin Outlet announced that it has partnered with Locant Services to establish and operate what may be the largest Bitcoin ATM' kiosk network in the world. Coin Outlet is a rapidly growing startup that manufactures AML/KYC compliant Bitcoin Kiosks (similar to an ATM) with two-way transaction via a recycler and secure fulfillment services with bank grade security. It provides a convenient means for the general public to safely buy and sell bitcoins with cash. Coin Outlet's goal is to be at the center of the ecosystem that has sprung up around Bitcoin. More businesses are accepting Bitcoin....
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CoinOutlet's ATMs will soon be inhabiting Pennsylvania. At 6:00 PM EST 11/14/14, Bitcoin ATM service Coin Outlet will officially open a Bitcoin ATM to the public at Four54 Grill in Lancaster, Pennsylvania. This is the first Bitcoin ATM in Pennsylvania. Coin Outlet CEO Eric Grill will be in attendance to showcase the new ATM and help people use it. Leigh Menkes, owner of Four54 Grill, pronounced that everyone should "come down to the best burger joint in town on Friday, and bring your Bitcoin wallet!" You can head out to the event tonight; it will be held at 6 PM EST at Four54 Grill, 454....
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....
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....
This story points out how digital currency and cryptocurrency are not the same. It has been coming for quite some time now, but Japan is poised to be one of the first few countries issuing their own digital currency. With the Bitcoin value soaring as of late, the Bank of Tokyo-Mitsubishi will launch the currency as soon as Q3 2017. For several weeks now, there have been rumors circulating about Japan planning to legitimize Bitcoin as a currency in the country. It comes as no surprise to find out the country’s largest banks has initiated their plan to roll out a national digital currency....