While there are still plenty of decisions to be made around the legality of Bitcoin ATMs, as we mentioned in our previous article, Coin Outlet, Bitcoin Shop and Locant are inking a deal to launch the world’s largest Bitcoin ATM network.
Coin Outlet is a rapidly growing startup company, manufacturing and soon operating AML/KYC compliant digital currency ATMs. By offering two-way transactions via a recycler , and fulfillment services protected by bank grade security, they are planning to become a major player in the world of Bitcoin ATMs.
Because of their new partnership with Locant Services, the foundation for Bitcoin’s mainstream integration is being laid out. The deal between Coin Outlet and Locant Services is the first of hopefully many more to come, as Coin Outlet wants to generate multiple unique partnerships.
The reason Locant Services is so important is because they have exclusive access to over 100,000 prime locations where a Bitcoin ATM could pop up. Nationwide coverage and visibility are key factors in making digital currency accessible for anyone anywhere.
To explain this a bit further, Locant owns the exclusive rights to locate wireless equipment and offer wireless services at these locations. More information about Locant Services can be found at their website, which we listed below this article.
“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. I also want to thank Charles Allen, the CEO of Bitcoin Shop for his advice, guidance and support in consummating this partnership.”
– Eric Grill , CEO of Coin Outlet
Coin Outlet managed to strike this deal with Locant because of their “best-in-class hardware and regulatory acumen”, according to Bill Bing, president of Locant Services. “We look forward to assisting with the deployment of Bitcoin Kiosk machines by leveraging our portfolio of approximately 100,000 prime locations nationwide.”
The first Coin Outlet Bitcoin Kiosks will appear in major cities such as Los Angeles, Dallas, Chicago, San Diego, Berkeley and Boston. By the end of 2014, no less than 30 Bitcoin Kiosks are expected to be installed in the U.S.
Bitcoin Shop plays an important role in the partnership between Coin Outlet and Locant. By serving as a medium between consumers wishing to spend Bitcoin, Litecoin or DogeCoin, and sellers wishing to receive sales. their knowledge and experience will be a great asset to rolling out this network of Bitcoin ATMs/Kiosks
“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.”
– Charles Allen, CEO of Bitcoin Shop Inc. (OTCBB: BTCS)
Coin Outlet : www.coinouletatm.com
Locant Services : www.locant.com
Bitcoin Shop : www.bitcoinshop.us