Coin Outlet Accesses 100,000 U.S. Locations for Bitcoin ATMs

 

Burlington, NC– September 29, 2014 – Coin Outlet Inc., a rapidly growing startup who manufactures and plans to operate AML / KYC compliant digital currency ATM’s, announced today 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 striving to generate a series of unique partnerships that will lay the foundation for the Bitcoin ecosystem to gain mainstream integration.

Locant’s exclusive nationwide network of over 100,000 prime locations provides the ideal infrastructure for this partnership and launch.  With such widespread coverage and visibility, the companies believe Bitcoin and the digital economy will become truly accessible to anyone.  They believe it will not only move Bitcoin further into the mainstream of commerce, but also educate the general public on the advantages of digital currency.

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.”  Eric further commented “I want to thank Charles Allen, the CEO of Bitcoin Shop for his advice, guidance and support in consummating this partnership.”

Bill Bing, President of Locant Services says he is excited to partner with Coin Outlet “based on their best-in-class hardware and regulatory acumen. We look forward to assisting with the deployment of Bitcoin Kiosk machines by leveraging our portfolio of approximately 100,000 prime locations nationwide.”

Initially, Coin Outlet Kiosks will be located in Los Angeles, Chicago, Dallas, Boston, San Diego, Berkeley, before spreading across an expansive nationwide network.  The first 30 kiosks are anticipated to be installed in the U.S. by the end of this year.

Charles Allen CEO of Bitcoin Shop Inc. (OTCBB: BTCS) stated “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.”

About Coin Outlet:

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.  More information about Coin Outlet can be found at the company’s website: www.coinoutletatm.com

About Locant:

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.  More information about Locant Services can be found at the company’s website: www.locant.com

About Bitcoin Shop:

Bitcoin Shop serves as a medium between consumers wishing to spend Bitcoin, Litecoin or Dogecoin and sellers wishing to receive sales.  Their goal is to be a leading virtual currency marketplace.  More information can be found at: www.bitcoinshop.us

 

Contact:

Belinda Too
Coin Outlet Inc.
Branding & Communications Director,
belinda@coinoutlet.io