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 every day. That means more people are looking for ways to get Bitcoin and Coin Outlet ATMs provide an easy and convenient way for them to do so.
Coin Outlet CEO Eric Grill explains:
"The partnership with Locant allows us to drive Bitcoin and digital currency adoption through a systematic roll out of ATMs across key cities from coast to coast. Our partnership encompasses the perfect collaboration of resources, technology, and prime locations."
Locant Services holds exclusive rights to locate wireless equipment and offer wireless services at over 100,000 high traffic, plug-and-play locations across the United States. Locant’s exclusive nationwide network of over 100,000 prime locations provides the ideal infrastructure for this partnership and launch.
Bill Bing, President of Locant Services says:
"We look forward to assisting with the deployment of Bitcoin Kiosk machines by leveraging our portfolio of approximately 100,000 prime locations nationwide."
The first 30 kiosks are anticipated to be installed in Los Angeles, Chicago, Dallas, Boston, San Diego, Berkeley by the end of this year.
The project is supported by Bitcoin Shop, which serves as a medium between consumers wishing to spend Bitcoin, Litecoin or Dogecoin and sellers wishing to receive sales.
Bitcoin Shop CEO Charles Allen says:
"I'm thrilled I could provide strategic guidance and assistance to Coin Outlet with this paramount transaction, and believe the Locant and Coin Outlet partnership should allow Coin Outlet Kiosks to be installed at popular public locations - creating an extensive Bitcoin Kiosk network."
Images from Coin Outlet.