Netcoins Expands Cryptocurrency Reach With 150,000 New Global Retail Locations

Netcoins Expands Crypto Reach With 150,000 New Global Retail Locations

Even with the low times experienced in the cryptocurrency markets, firms continue to give more transaction to virtual currencies regarding availability and adoption.

Netcoins, the crypto ATM provider within retail stores has announced a definitive agreement that would see them expand their outreach with over 150,000 retail locations. The move will make ATM crypto transactions across six continents. Customers from over 65 countries are also expected to be integrated with the new crypto ATMs.

In the press release by CEO of Netcoins, Mark Binns, the definitive agreement will see Netcoins partner with a global voucher firm to expand their Netcoins ATM network. The new integration will encompass new 170,000+ locations and over 65 countries worldwide, with expectation for the launch set for November.

Mark Binns spoke of the innovation by the crypto firm by saying:

“This expansion increases our reach by seven times and helps individuals make purchasing crypto easier and more accessible for the everyday consumer. The team at Netcoins is always executing, and we are excited that effective today the 150,000+ locations can start selling vouchers that can be redeemed for crypto through Netcoins. Our retail network is an integral part of our offering, and we are thrilled to be providing a global retail crypto solution.”

How It Works

Netcoins already has a significant footprint with a network of listed coins that make crypto purchasing easier. The introduction of a voucher system would enable customers to use cash vouchers for the purchasing of crypto easily and securely through Netcoins. Netcoins' new partner has a global footprint that would introduce over 1 billion people who have cash vouchers for the crypto payments. The offering would need one to have a digital wallet through which the customers can purchase the vouchers.

That isn't the only piece of good news for the customers as the cash voucher are redeemable online for the cryptocurrency you would like. Additionally, the purchase process is made easy by the retailer offering credit card options to buy coupons which are then redeemable for cryptocurrency also.

Mark Binns explains the new integration into the platform:

“We are thrilled to be expanding our footprint yet again. That would also further increase the edge that Netcoins offers to other companies looking to list their crypto for purchase in the retail environment in exchange for fiat.”

Potential Implications

Netcoins is already in discussion with multiple leading dealer-brokerages that will enable investors to trade crypto from their cash trading accounts. Such services would see revenue generation for businesses looking to grow their crypto exposure. However, there is no accuracy of the partnership details with the partner yet to be named. Still, Netcoins announcement is positive for the crypto brokerage services and would see crypto growth to new heights.

About Netcoins

Netcoins is incorporation that owns and operates the proprietary Virtual Crypto ATM platforms. The company turns devices into Virtual Crypto ATMs so consumers can purchase and sell cryptocurrency. Netcoins also enable Over-The-Counter (OTC) crypto transactions through their 150,000+ retail outlets globally.