Bitcoin ATM pioneer Bitstop has partnered with KIOSK Information Systems (KIOSK), a leading custom self-service solution provider in North America, to create an innovative Bitcoin ATM platform enabling customers to easily buy and sell digital currency on the spot. KIOSK will be featuring the newest Bitstop ATM model at the 2019 NRF Big Show.
Bitstop’s software platform paired with KIOSK’s hardware sets a new standard in the Bitcoin ATM Industry, an industry that has grown from nothing five years ago to over 4,000 Bitcoin ATMs in 2018 (coinatmradar.com). Growth projections for this new niche ATM category are expected to exceed 10,000 installations world-wide in the next two years alone.
Retailers in the US and Internationally are taking notice because these ATMs are a great way to monetize existing floorspace while driving in-store foot traffic. Bitcoin ATMs are popping up in mainstream retail storefronts such as supermarkets, malls, convenience stores, gas stations, as well as hotels & airports.
Bitcoin is a digital currency which has seen hyper growth in recent years due to a surge in demand for the scarce digital asset by retail customers who want to invest. It’s still early days and access to Bitcoin can be complicated or confusing. Bitcoin ATMs solve this problem by making the process simple. In four easy steps, you can buy Bitcoin instantly. Customers don’t have to wait days for their Bitcoin or deal with complicated exchanges that provide little or no education.
On the solution partnership announcement, Bill Butler, KIOSK CEO, said, “We’re excited to partner with Bitstop on this Bitcoin ATM solution. They have a great reputation in the Bitcoin space and are one of the premier operators in the Crypto ATM industry.”
Andrew Barnard, Bitstop’s Co-Founder, states, “Our goal is to sell thousands of Bitcoin ATMs globally over the next few years. While the market is currently still in its infancy, we predict that within five years, it will be normal to see a Bitcoin ATM when you’re out shopping, traveling or pumping gas. To get to that point, we know it must be incredibly easy for the consumer to use, and for the retailer to operate. This solution partnership combines Bitstop’s four years of experience developing and operating a fleet of 100 Bitcoin ATMs with KIOSK’s 25+ years of industry leading design and engineering experience. The end result is a simple, secure, and reliable Bitcoin ATM exchange platform that is beneficial to both the consumer and the deploying retailer.”
