Bitcoin ATM Firm Coin Outlet Expanding in European Market

Bitcoin ATM firm Coin Outlet is expanding in the European market by launching a bitcoin ATM inside BitPay headquarters in Amsterdam.

Amsterdam is a major immigration hub in Europe and therefore has a large remittance market, making it an integral part of CoinOutlet’s European expansion strategy.

Eric Grill, CoinOutlet’s CEO explains

Amsterdam fits into our strategic vision for bringing bitcoin adoption to existing large remittance markets, especially in a multicultural location.

A launch event will be held on February 6th during Amsterdam’s Bitcoin Meetup at the BitPay Head Office, with CoinOutlet’s Director of European Operations Abhimanyu Dayal and BitPay employees available to assist with transactions.

ATMs in production

Customers of BitPay can use the CoinOutlet ATM during the launch for demo purposes. With over 50,000 companies using their services, BitPay is a leader in bitcoin payment integration for businesses.

Dayal explains:

This new CoinOutlet bitcoin ATM will revolutionize the Bitcoin ecosystem in Europe. BitPay and CoinOutlet will be educating merchants about Bitcoin — it is a teaching tool for businesses.

CoinOutlet manufactures and operates AML/KYC compliant Bitcoin ATM’s with two-way transaction functionality. The ATM startup’s leader investor is Bitcoin Shop, Inc., which is developing a “universal” digital currency platform under the BTCS brand.