Bitcoin Depot Announces Distribution Partnership with CORD Financial Services
09 November 2023 - 2:30PM
Bitcoin Depot Inc. (“Bitcoin Depot” or the “Company”) (NASDAQ:
BTM), a U.S.-based Bitcoin ATM operator and leading fintech
company, today announced its partnership with CORD Financial
Services, LLC (CORD), a leading provider of innovative ATM
solutions, to distribute Bitcoin Depot kiosks across the U.S.
CORD and Bitcoin Depot will secure Bitcoin ATM placements within
CORD’s established base of customers and to customers new to CORD.
In addition to now offering Bitcoin ATM services, CORD is a leader
in the ATM Services Business, offering full-service ATM placements,
cash management, transaction processing, merchant services, ATM
equipment, sales, and 24/7 customer and technical support.
“This partnership will allow Bitcoin Depot to expand our retail
locations while leveraging CORD’s expertise and customer
relationships in the ATM industry,” said Bitcoin Depot CEO Brandon
Mintz. “CORD has an impressive history of reliable ATM services and
a demonstrated mastery of the conventional ATM space. We look
forward to leveraging their relationship network and brand
awareness to drive additional placement opportunities for our
business.” “Our mission is to deliver comprehensive ATM business
solutions with the highest value and professional integrity,” said
CORD Financial President Kenneth Gilbert. “Bitcoin Depot is the
ideal partner to advance that objective, and we look forward to
bringing a financial technology-driven Bitcoin ATM solution to our
customer base."
The combination of CORD’s robust infrastructure and network
positions them as a fitting partner for distributing Bitcoin
Depot’s state-of-the-art Bitcoin ATMs to the market, broadening
Bitcoin Depot’s mission of bringing Bitcoin to the masses.
About Bitcoin DepotBitcoin Depot (Nasdaq: BTM)
was founded in 2016 with the mission to connect those who prefer to
use cash to the broader, digital financial system. Bitcoin Depot
provides its users with simple, efficient and intuitive means of
converting cash into Bitcoin, which users can deploy in the
payments, spending and investing space. Users can convert cash to
Bitcoin at Bitcoin Depot’s kiosks and at thousands of name-brand
retail locations in 48 U.S. states through its BDCheckout product.
The Company has the largest market share in North America with
approximately 6,400 kiosk locations as of June 30, 2023. Learn more
at www.bitcoindepot.com.
About Cord Financial:CORD Financial Services is
a leading provider of innovative ATM solutions, products, and
services that support merchants with responsive, knowledgeable, and
caring people. CORD offers full -service ATM placements, cash
management, ATM transaction processing, ATM equipment sales, ATM
parts, and outstanding 24/7 customer and technical support.
Contacts:
Investors Cody Slach, Alex
Kovtun Gateway Group,
Inc. 949-574-3860 BTM@gateway-grp.com
Media Zach Kadletz, Brenlyn Motlagh, Ryan
Deloney Gateway Group,
Inc.949-574-3860 BTM@gateway-grp.com
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