Bitstop Founders Acquire Genesis Coin, World’s Largest Bitcoin ATM Platform
• 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 acquisition combines two of the leading software platforms in the industry, creating value for both companies’ stakeholders.
• Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors.
Acquisition of Genesis Coin by Bitstop
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. This transaction represents the coming together of two leading software platforms in the industry and creates value for both companies’ stakeholders.
New Leadership Team
As part of this acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer while both 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 will move to Miami, Florida.
Combined Platforms
With this acquisition, Genesis Coin and Bitstop have combined to represent more than 75 operators with over 12,000 bitcoin ATMs across United States and internationally facilitating annual sales volume in billions of dollars.
Bitstop Founder’s Statement
According to Andrew Barnard “Genesis Coin gave birth to Bitcoin ATM Industry…It’s the first and largest Bitcoin ATM software platform in the world” He further adds that “Evan built a platform trusted by some of largest Bitcoin ATM operators domestically & Internationally including Chivo network in partnership with Government Of El Salvador”.
Future Plans
Both Genesis coin & Bitstop platforms are running independently while teams explore technical synergies while they plan out new exciting products & services they have planned for this year!
