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Bitcoin Well - CEO, Adam O’Brien (left).
CEO, Adam O’Brien (left).
Source: Bitcoin Well.
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  • Bitcoin Well (BTCW) has added over 100 Bitcoin ATMs as part of its partnership with RapidCash ATM
  • Since December 2020, RapidCash has deployed 43 ATM kiosks equipped with Bitcoin Well’s ghostATM software, which have generated sales of over C$565,000
  • It will deploy over 100 additional ghostATM-enabled machines through an exclusive partnership with Canco Petroleum beginning immediately
  • Bitcoin Well offers convenient, secure and reliable ways to buy and sell Bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services
  • Bitcoin Well (BTCW) is down by 3.85 per cent and is currently trading at $0.25 per share

Bitcoin Well (BTCW) has added over 100 Bitcoin ATMs as part of its partnership with RapidCash ATM.

RapidCash is one of the largest independently owned ATM networks operating across Canada with over 1,000 ATMs/kiosks processing over 10 million transactions annually.

Since December 2020, RapidCash has deployed 43 ATM kiosks equipped with Bitcoin Well’s ghostATM software, which have generated sales of over C$565,000.

On November 16, 2021, RapidCash announced an exclusive partnership with Canco Petroleum, through which it intends to deploy over 100 kiosks into Canco’s retail convenience stores across Canada. These kiosks will run on ghostATM and provide Bitcoin Well with incremental revenue with zero capital outlay.

The initial rollout for Canco will commence immediately and continue into 2022. Bitcoin Well will support all Bitcoin operations for these ATMs and anticipates that RapidCash could have in excess of 190 ATMs operating with ghostATM software by summer 2022. 

Adam O’Brien, Founder and CEO of Bitcoin Well, stated,

“The arrangement between RCAL and Canco further demonstrates the opportunity Ghostlab provides to Bitcoin Well, as we are able to exponentially expand our reach without incurring the high capital costs associated with organic growth. Our unique partnership approach with RCAL offers Bitcoin Well exposure to a whole new customer base to support continued growth, revenue enhancement and margin expansion.”

Bitcoin Well offers convenient, secure and reliable ways to buy and sell Bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services.

Bitcoin Well (BTCW) is down by 3.85 per cent and is currently trading at $0.25 per share as of 1:21 pm ET.

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