Popular Bitcoin ATM company, Coin Outlet. Inc. ("CoinOutlet"), is making a strong foothold in the European market by launching a bitcoin ATM inside BitPay headquarters.
As Amsterdam is the epicenter of immigration in Europe, this represents a large remittance market, making it an integral part of CoinOutlet's European expansion strategy.
Eric Grill, CoinOutlet's CEO explains how "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 6th February 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. Customers of BitPay can use the CoinOutlet ATM during this day for demo purposes. Bitcoin enthusiasts and media are invited to attend.
With over 50,000 companies using their services, BitPay is the world leader in bitcoin integration for businesses, and CoinOutlet is establishing the largest international Bitcoin ATM network to lay the foundation of the Bitcoin ecosystem for further integration into the mainstream.
Mr Dayal explains that "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."