crypto Posted February 27, 2019 Share Posted February 27, 2019 Hello, We are looking for a nationwide ATM partner, we currently operate a network of 150+ Bitcoin ATM's located in 20+ states. We are looking for a partner to place our bitcoin ATM's next to your cash ATM. Our ATM's only accept cash therefore increasing use of your traditional cash ATM by 10-15%. We pay the host a guaranteed base rent with a possibility to make profit sharing. As for the partner, we pay them a finders fee ,a small residual and may consider paying them for deployment. I look forward to speaking to a potential partner. Link to comment Share on other sites More sharing options...
BluePlate Posted February 28, 2019 Share Posted February 28, 2019 Hey Crypto, welcome to the forum. This is a great place. I'm not as active as I once was. But still a great place. Thought I could spark some debate with your post. Please don't take my reply as a slam or me being disrespectful, internet forums exists for debate and opinions. First (have to get this out of the way). If you want to advertise - I'm sure the moderator would love to take a donation, in exchange. I have about 500 ATMs in the field, I feel like, without a doubt, I could place some very good Bitcoin locations for you. Why should I accept a "SMALL PLACEMENT FEE and a SMALL RESIDUAL FEE?" I have an ATM in a 24hr gas station, the owner is dying for a bitcoin ATM. Traditional ATM does huge numbers. If I refer you, how do I know I don't put my reputation on the line with this merchant? With a guaranteed base rent to the merchant, I assume you are marking up the BTC considerably. I've see some Bitcoin ATM mark up over $700-$800 per BTC. I see some reputational risk there. Why not share your company name? Have you taken the time to go through the State banking departments for licenses and registrations? I look forward to the answers. Bitcoin interests me, but haven't found the right partner yet. Link to comment Share on other sites More sharing options...
crypto Posted February 28, 2019 Author Share Posted February 28, 2019 I guess the word "small" is subjective and i was referring to the residual . We offer the lowest rates on Crypto at 6.9% above market and 24 hour customer service. We currently operate in 21+ states in the US and are compliant in all states we operate in, we are also a registered MSB and regulated by FinCen. My company has a dedicated compliance officer and a comprehensive AML/KYC program. We typically see an increase of 10-15% of traditional ATM use because our kiosks only accept cash. Our Crypto ATM's also drive 200-300 additional customers to the business. Those are some of the reasons why I think a traditional ATM company would like to partner with us. A Link to comment Share on other sites More sharing options...
crypto Posted February 28, 2019 Author Share Posted February 28, 2019 BTW my company is CoinFlip, here is my website. www.coinflip.tech I want to be an open book, I was initially concerned that posting my company name would be considered advertising but since you requested here it is. I look forward to possibly working with a nationwide ATM operator. Link to comment Share on other sites More sharing options...
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