• Genesis Coin Inc., the first and largest bitcoin ATM software platform, has been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.
• Together, Genesis Coin and Bitstop represent more than 75 operators with more than 12,000 bitcoin ATMs across the United States and internationally.
• Evan Rose, Genesis Coin’s founder will stay on as a technical advisor and remain 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. The acquisition combines the best product, engineering, and leadership teams in the space.
Genesis Coin’s Technology
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 has over 2,500 bitcoin ATMs worldwide. This transaction represents creates value for both companies’ stakeholders.
New Leadership
As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors. The Genesis Coin headquarters will move to Miami, Florida.
Combined Platforms
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. For now both platforms will continue to run independently while teams explore technical synergies .
Comments from Founders
In regards to their decision to acquire Genesis coin ,Barnard said “Genesis coin gave birth to Bitcoin ATM industry..It’s first & largest Bitcoin ATM software platform in world”.Rose stated “This transaction represents coming together two leading software platforms in industry & creates value for both companies stakeholders”.