• Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide, announced that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
• 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.
• The Genesis Coin headquarters will move to Miami, Florida.
Genesis Coin Inc, the first and largest Bitcoin ATM software platform in the world, has recently been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in 2013, Genesis Coin’s technology is responsible for powering approximately 35% of global Bitcoin ATM transactions. This acquisition marks a major milestone in the Bitcoin ATM industry, and will undoubtedly have a lasting impact on how people use and access digital currency.
Barnard and Carrillo, the founders of Bitstop, built the first and largest private-label Bitcoin ATM platform based in Miami, FL, with over 2,500+ Bitcoin ATMs worldwide. Through the combination of Genesis Coin and Bitstop, the two companies represent over 75+ operators operating 12,000+ Bitcoin ATMs in the United States and international markets, resulting in billions of dollars in annual sales volume.
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 Genesis Coin headquarters will move to Miami, Florida.
Andrew Barnard, the new CEO of Genesis Coin, had this to say about 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 the world and I am excited to build upon its legacy.”
The acquisition of Genesis Coin by Barnard and Carrillo is a major step forward for the Bitcoin ATM industry. Genesis Coin has been responsible for powering billions of dollars in annual sales volume, and the acquisition of the company by the two pioneers of the industry promises to bring even more innovation and growth to the industry. With the headquarters of Genesis Coin moving to Miami, Florida, the company is now well-positioned to take advantage of the vibrant South Florida tech scene and continue to be a leader in the Bitcoin ATM industry for years to come.