Mobile Crypto ATM Platform Signs Agreement To Expand To 65 More Countries

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Buying and selling cryptocurrencies has never been this easy and convenient, thanks to the recently formed partnership.

Virtual crypto ATM platform Netcoins announced that it will be expanding to over 171,000 retail locations in at least 65 countries across the world, thanks to the recently inked “definitive agreement” with a global voucher partner, according to a press release dated September 17.

Netcoins’ integration with the presently-undisclosed partner is expected to be complete by the end of November this year, which will allow the former to reach over 1 Billion people with its platform. Even now, the partnership has already recorded over 40 Million payments placed safely.

Increasing Seven Times Over

netcoinsThe partnership will further reinforce the so-called “cash vouchers,” which they believe to be one of the ways to streamline the adoption of cryptocurrencies across the globe. Also, the partnership also provides users with a digital wallet which would allow them to purchase vouchers online through their credit cards, which in turn can be redeemable via Netcoins for the cryptocurrency of their preference.

Currently, Netcoins offers a vast array of digital assets, including Bitcoin, Ethereum, XRP, Bitcoin Cash, Pareto, just to name a few.

Mark Binns, CEO of Netcoins, said in the press release:

“We are thrilled to be expanding our footprint yet again. This expansion adds significant value to our network of already listed coins, while making the purchase of crypto even that much more accessible globally. This means roughly a seven times increase in our retail footprint which opens the door for people to purchase crypto in a new way that is simple and secure.”

Furthermore, Binns said that the move further increases the advantage that Netcoins offers to firms that are looking to list their coin for purchase in a retail environment in exchange for fiat money.

Virtual Crypto ATMs

Netcoins is poised at continually developing software which will make the purchase and sale of cryptocurrencies easily accessible to the masses through brokerage services. There are over 21,000 retail locations in Canada, Europe, and Australia, as well as an over-the-counter (OTC) trading desk.

One advantage that the platform has over physical crypto ATMS is that stores which will use the platform will not have to maintain crypto inventory or even legal compliance. Aside from providing stores with earning percentages on every order, these virtual crypto ATMs have no upfront or ongoing cost.


Author: Temitayo Olojede ,

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