• Genesis Coin Inc., the largest bitcoin ATM software platform, was acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.
• Together, Genesis Coin and Bitstop represent more than 75 operators with over 12,000 bitcoin ATMs across the US and internationally.
• Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor while Andrew Barnard will become CEO and Doug Carrillo will become Chief Strategy Officer.
Bitstop Acquires Genesis Coin Inc.
Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, has been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo. The transaction combines two of the leading software platforms in the industry to create value for both companies’ stakeholders.
Together, Genesis Coin and Bitstop represent more than 75 operators with over 12,000 bitcoin ATMs across the United States and internationally, facilitating annual sales volume in the billions of dollars.
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 headquarters of Genesis coin have moved to Miami Florida.
For now, both platforms – Genes is Coin’s and Bitstop’s – will continue to run independently while teams explore technical synergies. According to Andrew Barnard they have some exciting new products planned for this year.
This acquisition solidifies Bitstop’s position as one of the leaders in Bitcoin ATM technology which facilitates transactions totaling billions each year worldwide. With experienced leadership at its helm it is likely that there are many advancements yet to come from this partnership between two top-tier players in global crypto finance services