• Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, 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 across the United States and internationally.
• Evan Rose will remain a technical advisor and stay on as a member of the company’s Board of Directors.

Acquisition of Genesis Coin

Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo. According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world.

Bitstop Platform

Based in Miami, FL, Bitstop has over 2,500 bitcoin ATMs worldwide. As part of the acquisition, Barnard will become Chief Executive Officer and Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. The Genesis Coin headquarters will move to Miami, Florida.

Transaction Volume

Together, Genesis Coin and Bitstop represent more than 75 operators with more than 12,000 bitcoin ATMs across the United States and internationally facilitating annual sales volume in billions of dollars. In regards to their decision to acquire Genesis Coin, Barnard said “Genesis Coin gave birth to the Bitcoin ATM industry … It’s the first and largest Bitcoin ATM software platform in the world.”

Evan Rose’s Role

Evan Rose’s role is staying on as a technical advisor for this transaction representing value for both companies’ stakeholders while remaining a member ofthe company’s Board of Directors “I’m thrilled to work alongside them,” he stated,”and look forward to introducing very exciting new products and services we have planned for this year.”

Conclusion

For now both platforms will continue to run independently while teams explore technical synergies between them providing access to innovative technologies such as cryptocurrency payments systems with ease enabling customers worldwide with convenient financial services which would not be possible before through traditional methods.

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