The Birth of Netcoins

Established in 2015 in Vancouver, Netcoins has made it easier than ever for retailers to dive into the world of Bitcoin with their virtual Bitcoin ATMs (BTMs). Founder Michael Vogel saw a gap in the market: what if buying Bitcoin could be as easy as grabbing a candy bar at your local convenience store? It’s all about providing consumers with a seamless and familiar retail experience.

How Netcoins Works

Netcoins operates a straightforward model where retailers can host Bitcoin ATMs digitally. Each purchase incurs a convenience fee, which is shared between Netcoins and the retailer. This collaboration has been a win-win; Bitcoin attracts new customers, and store owners have reported that having a Bitcoin ATM drives up the attractiveness of their business. In fact, one coffee chain experienced a whopping 15% increase in additional sales simply by having a Bitcoin ATM present!

Breaking Barriers for Retailers

Vogel highlights that retailers often shy away from Bitcoin ATMs due to various obstacles such as costs, regulations, and maintenance. However, Netcoins tackles these concerns head-on:

• Affordability: The virtual nature of their ATMs means retailers aren’t burdened with the hefty price tags attached to physical machines.
• Regulatory Simplicity: No need to navigate complex regulations; Netcoins handles the heavy lifting.
• No Physical Space Required: Each virtual ATM lives in the cloud, removing the space constraints typical with physical ATMs.
• Expert Support: For retailers unfamiliar with Bitcoin, the user-friendly software guides staff through order processes in under 15 seconds.
• Instant Bitcoin Delivery: Newcomers can receive their Bitcoin via email, making it less daunting to find a pocket wallet.

Netcoins Expands Globally

With a vision to spread beyond Canada, Netcoins is actively seeking new merchant partnerships. Currently, they invite store owners worldwide to sign up for free access to their virtual Bitcoin ATMs. As Bitcoin adoption continues to grow, the demand for conveniently accessible Bitcoin options only increases, and Netcoins is ready to lead the charge.

The Future of Bitcoin ATMs

As Bitcoin becomes more mainstream, tools like Netcoins’ virtual ATMs are integral for accessibility and awareness. The potential for retail stores to integrate Bitcoin into their business models is vast, as communities become more crypto-savvy.

In the wise words of Michael Vogel, “Our platform is designed to lower any barriers that retailers may face while embracing the Bitcoin revolution. The future’s bright, and it’s virtual!”