Bitcoin is definitely booming in the Netherlands, and not only because of their awesome initiatives in cities such as Amsterdam, The Hague and Arnhem. BitPay, the world’s largest Bitcoin payment processor, even has one of their headquarters in Amsterdam. And to make that even better, they now have a CoinOutlet Bitcoin ATM in their Amsterdam HQ as well.
CoinOutlet is rapidly expanding their business across the European continent, and now that one of their Bitcoin ATM’s has been installed at Bitpay’s headquarters in Amsterdam, busy times loom ahead for this company. Even though the CoinOutlet machine is not the first Bitcoin ATM to be installed in the city of Amsterdam, it will only raise more Bitcoin awareness, which is an integral part of CoinOutlet’s European expansion strategy.
“Amsterdam in particular fits into our strategic vision for bringing bitcoin adoption to existing large remittance markets, especially in a multicultural location,” CoinOutlet CEO Eric Grill told CryptoArticles. Amsterdam is often referred to as one of the major multicultural capitals of the world, as people from all over the flock are attracted to this beautiful city.
Two days ago, on February 6th 2015, a special launch event was held to “officially acknowledge” the CoinOutlet Bitcoin ATM at Bitpay’s offices in Amsterdam. Said launch event took place during Amsterdam’s Bitcoin Meetup, which is organized to unite Bitcoin enthusiasts on the first wednesday of every month.
During the CoinOutlet launch event, Abhimanyu Dayal – CoinOutlet’s Director of European Operations – and several BitPay employees were on hand to assist with the first transaction. Furthermore, BitPay customers were invited to use the CoinOutlet Bitcoin ATM for demo purposes, and according to our sources, everything went off without a hitch.
Seeing how BitPay is the world’s largest Bitcoin payment processor for businesses – with over 50,000 companies using their services – and CoinOutlet is ever expanding the largest Bitcoin ATM network in the world, Bitcoin integration and adoption by “mainstream” consumers and businesses is within the grasp of the Bitcoin community.
“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,” Abhimanyu Dayal told CryptoArticles.
About CoinOutlet, Inc:
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.