Paramount Launches Cryptocurrency Initiative, Rolls Out 45 Crypto ATMs in Chicago and Virginia
By: Paramount Management Group
While cryptocurrency is still confusing to many people, buying and selling crypto at the ATM has rapidly caught on with enthusiasts and is the number one alternative to exchanges, according to a recent article in Cryptoonline News.
"Paramount believes that as a market leader we must always stay in tune with changes in the market, understand trends in consumer behavior ‒ and make investments in new technologies and emerging markets accordingly,"
"We have closely followed the cryptocurrency market and the opportunities that blockchain represent, and we patiently waited for a certain level of stability, and for the emergence of credible and reputable players before investing," Fernandez continues. "Bitcoin Depot was a very early adaptor of cryptocurrency vending and have proven themselves to be reputable and reliable partners."
While the cryptocurrency market is similar to the traditional ATM business, it does, however, bring with it its own uniqueness. We believed that forming a partnership with an organization with ample experience in the cryptocurrency market would represent the best approach for us, notes Fernandez.
With the Paramount Cryptocurrency Initiative, consumers visiting the new ATM-like kiosks are able to buy and sell four different types of cryptocurrencies:
"We are very excited to partner with Paramount and look forward to mutually growing the opportunities available in the cryptocurrency market," says Brandon Mintz, CEO at Bitcoin Depot. "Coming from the ATM business, Paramount brings a unique understanding of managing large retail deployments and a vast network of merchants. This, coupled with their willingness to invest and further grow this business makes Paramount a perfect partner for us."
Both companies believe in the potential of the cryptocurrency industry and are in the process of evaluating additional markets for further expansion.
ABOUT PARAMOUNT MANAGEMENT GROUP, LLC — A national leader in implementing customer engaging solutions incorporating technology that allows consumers, retailers and financial institutions to interact with each other, Paramount's services include the placement and operation of ATMs, digital media solutions and meeting consumer needs by providing bill pay, money remittance, gift card dispensing, among other services at the ATM. To learn more, visit www.paramountmgp.com.
Paramount Chief Development & Marketing Officer