Germany-based digital currency bitcoin ATM and point-of-sale (POS) solution provider BitXatm has announced a new partnership that will find the company shipping 1,000 units to the US in a bid to build the country's largest bitcoin ATM network.
Sergey Yesayan, president of CryptVision, framed the move as one that will find the new company moving quickly to gain a foothold in the bitcoin market, saying:
Yesayan said that the bitcoin ATM units will be available for free to qualified operators, with the qualification process for operators beginning 25th July. CryptVision plans to treat the units as vending machines and manage the associated financial responsibilities and licensing.
The announcement follows BitXatm's May upgrade to its Sumo Pro ATM product, and was issued at The North American Bitcoin Conference (TNABC), a two-day community event being held in downtown Chicago.
BitXatm courts US market
Launched in April of this year, BitXatm's signature unit – the Sumo Pro – now provides one-way or two-way transaction capabilities in addition to its POS features. The units were on full display at the TNABC, in the country where the company aims to better cater to its biggest market.
, sales director at BitXatm, told CoinDesk:
BitXatms can accept and dispense any digital currency and offers a web-based back end that allows operators to manage profits, cash flow and to change settings on the ATM remotely.
The company said it will continue to provide support for its ATMs to CryptVision once the units are deployed.
TNABC announcements continue
The BitXatm announcement is the latest in a string of major news stemming from the NABC event this weekend.
Image via CoinDesk
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