RockItCoin, a US-based crypto blockchain company, has acquired regional Bitcoin ATM operator FirstCoin ATM and Phoenix Crypto for an undisclosed sum, according to an announcement.
The company said this strategic expansion solidifies its position in the market, expanding its presence across the United States.
FirstCoin ATM, primarily operating in California and Texas, along with Phoenix Crypto’s presence in Arizona, will increase RockItCoin’s Bitcoin ATM network by 78 ATMs.
This brings their total to over 2,000 nationwide locations. With this move, previous Phoenix Crypto and FirstCoin ATM customers will now have enhanced access to RockItCoin’s innovative products and solutions.
Michael Dalesandro, RockItCoin’s CEO and founder, shared his enthusiasm for the acquisition, stating:
Phoenix Crypto and FirstCoin ATM are outstanding additions to the RockItCoin ecosystem. Their values and missions align seamlessly with ours, and we are eager to introduce their users to our array of high-quality services.
This acquisition follows RockItCoin’s previous purchase of XBTeller, emphasizing its growing influence in the national market. Having a network of over 2,000 Bitcoin ATMs places RockItCoin in a unique position to offer unmatched cryptocurrency accessibility and top-tier customer service.
Staying true to its dedication to the growth and accessibility of cryptocurrency, RockItCoin is continuously scouting opportunities for collaborations or acquisitions of smaller Bitcoin ATM operators. Such entities, seeking to leverage RockItCoin’s vast operational infrastructure, are invited to explore partnership possibilities.
Ben Phillips, RockItCoin’s President, highlighted the company’s collaborative approach:
We’re deeply committed to working with partners who echo our zeal for broadening the horizons in the crypto sphere. Collaborating enables broader access to cryptocurrency, potentially driving wider adoption.
RockItCoin, with its expansive Bitcoin ATM network, user-centric mobile app, OTC trading desk, and the new RockItCoin Go retail deposit service, remains at the forefront of making cryptocurrency approachable for everyone.
Established in 2015 by Michael Dalesandro, RockItCoin is a Chicago-based crypto blockchain firm recognized as an Inc. 5000 honoree. It has presence in 47 states, an extensive network of crypto ATMs, and 16,000 retail deposit locations.
