Fells Point, Baltimore, October 21, 2014 – CoinOutlet launched its first ATM last night to a busy crowd of Bitcoin enthusiasts at Bad Decisions bar in Baltimore.
Bitcoin ATM machines are the centre of the Bitcoin ecosystem – allowing the public access to easy and convenient buying and selling of Bitcoin for real cash.
CoinOutlet’s kiosks provide secure fulfillment services with bank grade security, and will soon be popping up all over the United States due to their recent deal with Locant Services, which allows installation of the ATMs at 100,000 public locations.
Bad Decisions was the perfect setting for the launch of the ‘First of 100,000 ATMs’, because not only is it the home of the Baltimore Bitcoin Meetup and one of the first bars in Baltimore to accept Bitcoin, it is also the place that CoinOutlet’s CEO Eric Grill confirmed his plans to start up a Bitcoin ATM company.
His meetup colleagues have watched the rapid progress of his growing global company, and Eric was delighted to be able to unveil his ambitious project’s success to them first.
It truly is a success worth celebrating with the local Baltimore Bitcoin community who have supported Eric’s vision for CoinOutlet. He has put together a world-class team of specialists, and has created the foundations for quickly becoming the largest and most respected Bitcoin ATM network – thereby accelerating mainstream adoption of the revolution in money and technology.
The advantage of CoinOutlet’s unique machines is they are one of the only companies on the market to offer a flexible two-way model, allowing users to either buy or sell bitcoins. In addition, CoinOutlet is rolling out a point of sale technology in conjunction with the ATMs, which will encourage mainstream merchant adoption of Bitcoin.
It is exciting times for CoinOutlet, with plans to launch up to 100 machines before the end of the year in locations like Baltimore-Washington Airport, Amtrak stations, Walmart’s and 7-Eleven’s.
Branding and Communications Director