1 year ago
Bitcoin Depot, a starring U.S.-based Bitcoin ATM operator, and GSR II Meteora Acquisition Corp. — a peculiar intent acquisition institution person announced the palmy closing of their concern combination, according to a caller press release.
The Consolidation and Future Prospects
Moving forward, the merged entity volition follow the sanction Bitcoin Depot Inc. and volition proceed to run nether the guidance of its existent absorption team. The company’s communal banal and nationalist warrants are anticipated to commence trading connected the Nasdaq from July 3, 2023, nether the ticker “BTM” and “BTMWW.”
Brandon Mintz, CEO and Founder of Bitcoin Depot, said:
“The closing of this transaction and our listing connected Nasdaq is simply a large leap guardant and a arrogant infinitesimal for the full Bitcoin Depot team.”
He expressed assurance successful the company’s strategical positioning, citing its robust marketplace stock successful North America and the further superior from the transaction arsenic important enablers of their ambitious maturation plans. The cardinal objective? “Safely, securely, bring Bitcoin to the masses,” Mintz concluded.
About Bitcoin Depot
Bitcoin Depot, founded successful 2016, aims to span the spread betwixt those who similar to usage currency and the broader integer fiscal system. Helping users person currency into Bitcoin efficiently and intuitively, the institution has built a sizeable footprint with astir 6,440 kiosk locations crossed North America arsenic of March 31, 2023.
As the particulate settles connected this important merger, the combined entity present sets its sights connected leveraging its unsocial presumption wrong the increasing Bitcoin ecosystem, equipped with the ambition and means to beforehand the ngo of bringing Bitcoin securely and safely to the masses.
History of Bitcoin ATMs
Bitcoin ATMs, oregon BTMs, are carnal kiosks that let the buying and selling of Bitcoin and different cryptocurrencies. The archetypal Bitcoin ATM was installed successful 2013 by Robocoin successful Vancouver, Canada. Following this, galore BTM operators emerged worldwide, aiming to marque Bitcoin transactions much accessible.
Companies similar CoinFlip, Bitcoin Depot, and Coinsource person go salient operators successful the U.S., known for their user-friendly interfaces and speedy transactions.
Genesis Coin launched the archetypal two-way Bitcoin ATMs successful 2015, allowing users to bargain and merchantability Bitcoin. The summation successful BTMs reflects the increasing acceptance of cryptocurrencies. However, these machines person besides faced disapproval owed to wealth laundering and fraud concerns.
The station Crypto ATM supplier Bitcoin Depot announces Nasdaq listing for July 3 appeared archetypal connected CryptoSlate.
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