• Genesis Coin Inc., the first and largest Bitcoin ATM software platform worldwide, has been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
• As part of the acquisition, Barnard will become Chief Executive Officer and Carrillo will become Chief Strategy Officer and both will join the Board of Directors.
• Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors.
Today, Genesis Coin Inc. announced that it has been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo, founders of Bitstop. Founded in 2013, Genesis Coin is the first and largest Bitcoin ATM software platform worldwide, powering approximately 35% of global Bitcoin ATM transactions. The acquisition will give Genesis Coin access to Bitstop’s 2,500+ Bitcoin ATMs worldwide and will grant the company the ability to power billions of dollars in annual sales volume.
As part of the acquisition, Andrew Barnard has been appointed Chief Executive Officer and Doug Carrillo will take on the role of Chief Strategy Officer, both joining 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.
Andrew Barnard commented on the acquisition, “Genesis Coin gave birth to the Bitcoin ATM industry. It’s the first and largest Bitcoin ATM software platform in the World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador. Our industry is now rapidly changing and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and I’m excited to bring them together with Genesis Coin to fully realize our vision.”
The Genesis Coin headquarters will move to Miami, Florida where they will continue to work on their mission of bringing digital currency to the mainstream. With this acquisition, they will be better equipped to do so with access to the resources and technology provided by Bitstop. This is a positive step forward for the Bitcoin ATM industry and a great opportunity to expand the reach of digital currency.