• 2014 July 15

Company Description

Virtual Bitcoin ATM for Retail Stores

Netcoins turns any device into a Bitcoin ATM. Netcoins turns any in-store device (tablet, mobile, computer) into a virtual Bitcoin ATM. They handle all the heavy lifting to sell Bitcoin in retail stores! It's the new way for customers to buy Bitcoin, and the easy way for stores to sell it. Whether a customer buys $20 or $2000 in Bitcoin, Netcoins does all the heavy lifting. Stores don't need to maintain Bitcoin inventory or manage legal compliance: Netcoins handles everything and supplies all Bitcoin directly to customers. Unlike traditional Bitcoin ATMs, Netcoins' Virtual Bitcoin ATMs have no upfront or ongoing cost. Partnering stores earn a percentage on every order, which is shared with Netcoins. Retailers are getting into Bitcoin because of the appealing demographic. It's really an ideal demographic that appeals to stores (average age ~30, tech-savvy & educated, high income). Retail stores in this space have seen double digit increase in spin-off sales.