Coinsource Launches Platform as a Service Offering, Doubles Machine Count in Under 60 Days

Company now offers access to licensed machines, compliance department, customer support, armored car services and more

Fort Worth, TX – February 11, 2020 – Coinsource, the world’s leader in Bitcoin ATMs today announces that it has doubled its machine deployment in less than 60 days through the rollout of a new Platform as a Service (PaaS) offering. In light of increased market demand for Bitcoin ATMs, Coinsource has expanded beyond renting spaces at brick and mortar stores and now offers licensed, turnkey machines with accompanying whiteglove PaaS features. Companies can now purchase licensed Coinsource kiosks and immediately gain access to a customizable selection of offerings, including Coinsource’s compliance department, licensing regime to operate in certain states, customer support team, and nationwide armored car services which offer the ability to service all 50 states.

“It took us 4 years to deploy 300 machines, but it took less than two months to reach 600. We chalk up our sudden growth to the new whiteglove PaaS service we now offer with our licensed machines,” said Coinsource CEO, Sheffield Clark. “Traditional ATM networks have been looking for ways to diversify their proven ATM model into the BTM market, but have, up until now, been put off by significant hurdles. It may sound easy at face value to deploy your own BTM, but at a granular level, it’s actually very difficult to deal with compliance, licensing regimes, support, cash logistics etc. Our new offering solves this: you buy a licensed Coinsource machine, and we will take care of the rest. The massive market demand we’re seeing for this new service indicates that we’ve tapped into something big.”

At public launch of this new service, Coinsource has already onboarded 11 partners, including National Cash Systems, an established leader in the ATM industry that is kickstarting their entrance into cryptocurrency by opting into the KYC services offered under the umbrella of Coinsource’s new PaaS product.

“With the ever changing landscape of the ATM and financial industry, it’s imperative for us to keep up with technology and be able to offer our customers the latest solutions. As bitcoin and cryptocurrency have increasingly become mainstream and proved their staying power, Bitcoin ATMs have become the obvious next step for our future” said National Cash Systems’ Vice President of Operations, Jessica Jay. “Because of the endless regulatory hurdles and expenses traditionally associated with Bitcoin ATMs, it has been extremely difficult for ISO’s to enter the BTM space. Coinsource has created a model that integrates seamlessly with ISO’s and ATM operators, providing a fully compliant SaaS model which allows us to overcome regulatory roadblocks. We have no doubt Bitcoin kiosks will continue to grow and become one of our most popular solutions nationwide.”

Coinsource is fully KYC/AML compliant, and was the first crypto ATM operator to earn New York State’s highly coveted Virtual Currency License. The company offers white-glove service to its ATM owners and has customer service representatives available every weekday.

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Coinsource CEO Sheffield Clark is available for interview upon request.

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About Coinsource:

Headquartered in Fort Worth, TX, Coinsource is the world’s largest Bitcoin ATM operator. Coinsource provides the fastest, easiest and most secure way to buy and sell Cryptocurrencies using cash at hundreds of locations nationwide. Since launching in 2015 as an operator with just a single kiosk and location, we have developed our own proprietary operating software as well as our own state-of-the-art KYC/AML/IDV software (Know Your Customer/Anti-Money Laundering/Identification Verification) which catapulted the company into a category no other operator can claim – We are the only turnkey, full-service Bitcoin ATM producer to offer complete in-house solutions and services to anyone looking to own and operate their own network of Cryptocurrency ATMs.

At Coinsource we pride ourselves on providing convenient, seamless access to the world’s leading digital currency, now with a total market capitalization of over $200 billion USD. Given the rapidly evolving fintech industry, we have focused heavily on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service which supports millions of unbanked and underbanked Americans.

We are operational in thirty-nine states and DC: Alabama, Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Media Contact:
Adam Badrawi
Wachsman
P: (917) 930-4052
E: adam@wachsman.com