newsycanuse

World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders

Largest

Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.

Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.

Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.

According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world. Barnard and Carrillo built one of the first and largest private label bitcoin ATM platforms through Bitstop. Based in Miami, FL, Bitstop has over 2,500 bitcoin ATMs worldwide.

“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 release states. “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.”

Together, Genesis Coin and Bitstop represent more than 75 operators with more than 12,000 bitcoin ATMs across the United States and internationally, facilitating annual sales volume in the billions of dollars.

In regards to their decision to acquire Genesis Coin, Barnard said “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 our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.”

“This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies’ stakeholders,” Rose stated. “It combines the best product, engineering, and leadership teams in the space. I’m thrilled to work alongside them and look forward to introducing very exciting new products and services we have planned for this year.”

According to the release, for now, both the Genesis Coin and Bitstop platforms will continue to run independently while teams explore technical synergies.

Read More
BtcCasey

Latest

Entertainment

One of the Best Movies of 2025 is Finally Coming to Prime Video

0
There were a lot of great movies in 2025. Movies like Sinners, Marty Supreme, Weapons, and even Superman not only captured moviegoers attention, but delivered solid entertainment and great stories as well. They’re films that fans keep returning to well after their theatrical runs have ended and now, one of the best of the year
football

Oregon Sues Oklahoma Transfer Over Alleged Unpaid $10K NIL Contract Buyout

0
The University of Oregon says one of its former football players owes it $10,000, and the school is willing to go to court to get it. The school filed a lawsuit in Lane County Circuit Court last week against Dakoda Fields, a defensive back who spent two years with the Ducks before transferring to Oklahoma
BREAKING

Breaking Down Ole Miss’ Strengths, Weaknesses and One Thing It Needs to Beat LSU

0
The hottest location in college football this year brings LSU and Ole Miss together for a matchup that should be as close are expected. Both teams are rebuilt through the transfer portal and new coaching staffs, and this Sept. 19 matchup will be the first big test for either squad. So what gives Ole Miss
football

What are Indiana Football’s Biggest Trap Games of 2026?

0
Where will Indiana be ranked to start the 2026 college football season? While debate will rage regardless of the number next to Indiana's name to start the year, the Hoosiers will likely be favored in no fewer than 11 of their 12 regular season contests. That doesn't mean there won't be challenges along the way

Newsletter

Don't miss

Entertainment

One of the Best Movies of 2025 is Finally Coming to Prime Video

0
There were a lot of great movies in 2025. Movies like Sinners, Marty Supreme, Weapons, and even Superman not only captured moviegoers attention, but delivered solid entertainment and great stories as well. They’re films that fans keep returning to well after their theatrical runs have ended and now, one of the best of the year
football

Oregon Sues Oklahoma Transfer Over Alleged Unpaid $10K NIL Contract Buyout

0
The University of Oregon says one of its former football players owes it $10,000, and the school is willing to go to court to get it. The school filed a lawsuit in Lane County Circuit Court last week against Dakoda Fields, a defensive back who spent two years with the Ducks before transferring to Oklahoma
BREAKING

Breaking Down Ole Miss’ Strengths, Weaknesses and One Thing It Needs to Beat LSU

0
The hottest location in college football this year brings LSU and Ole Miss together for a matchup that should be as close are expected. Both teams are rebuilt through the transfer portal and new coaching staffs, and this Sept. 19 matchup will be the first big test for either squad. So what gives Ole Miss
football

What are Indiana Football’s Biggest Trap Games of 2026?

0
Where will Indiana be ranked to start the 2026 college football season? While debate will rage regardless of the number next to Indiana's name to start the year, the Hoosiers will likely be favored in no fewer than 11 of their 12 regular season contests. That doesn't mean there won't be challenges along the way
Green

Green steel startup Boston Metal is doubling down on critical metals

0
The startup Boston Metal has raised a $75 million funding round to produce critical metals, MIT Technology Review can exclusively report.   The company has been known largely for its efforts to clean up steel production, an industry that's responsible for about 8% of global greenhouse emissions today. With the additional money, the new focus could
newsycanusehttps://newsycanuse.com

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they
Read more

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western
Read more

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand
Read more