Burlington, NC – (February 4, 2015) – Popular Bitcoin ATM company, Coin Outlet. Inc. (“CoinOutlet”), is making a strong foothold in the European market by launching a bitcoin ATM inside BitPay headquarters. As Amsterdam is the epicenter of immigration in Europe, this represents a large remittance market, making it an integral part of CoinOutlet’s European expansion strategy.
Eric Grill, CoinOutlet’s CEO explains how “Amsterdam in particular fits into our strategic vision for bringing bitcoin adoption to existing large remittance markets, especially in a multicultural location.”
A launch event will be held on 6th February during Amsterdam’s Bitcoin Meetup, with CoinOutlet’s Director of European Operations Abhimanyu Dayal and BitPay employees available to assist with the first transactions. Customers of BitPay can use the CoinOutlet ATM during this day for demo purposes. Bitcoin enthusiasts and media are invited to attend.
With over 50,000 companies using their services, BitPay is the world leader in bitcoin integration for businesses, and CoinOutlet is establishing the largest international Bitcoin ATM network to lay the foundation of the Bitcoin ecosystem for further integration into the mainstream.
Mr Dayal explains that “this new CoinOutlet bitcoin ATM will revolutionize the whole Bitcoin ecosystem in Europe. By placing the machine strategically in Amsterdam, BitPay and CoinOutlet will be educating more and more merchants about Bitcoin – it becomes a valuable teaching tool for businesses.”
The launch event is at 4pm February 6 at the BitPay Head Office, Herengracht 458, 1017 CA Amsterdam.
CoinOutlet is a rapidly growing startup that manufactures and operates AML/KYC compliant Bitcoin ATM’s with two-way transaction functionality. It provides a convenient means for the general public to safely buy and sell bitcoins with cash. CoinOutlet is proudly supported by its lead investor Bitcoin Shop, Inc. (OTCQB: BTCS) which is building a universal digital currency platform under the BTCS (“Blockchain Technology Consumer Solutions”) brand information on BTCS can be found at www.btcs.com.
More information about CoinOutlet can be found at www.coinoutletatm.com.
Coin Outlet Inc.
Branding & Communications Director,