Product: Platform as a Service
Coinsource, a financial and cryptocurrency service provider, launched Platform as a Service (PaaS), a turnkey solution with the necessary tools, support and infrastructure to help ISOs, merchant level salespeople (MLSs) and independent ATM deployers (IADs) build and scale national Bitcoin ATM networks, according to company representatives.
Derek J. Muhney, executive vice president of sales at Coinsource, described PaaS as a franchise model that combines end-to-end functionality and compliance with white-glove service, enabling affiliates to leverage Coinsource infrastructure as they build their own national Bitcoin networks. He added that unlike most other operators, Coinsource is a single-source solution provider that does not rely on third-party software or third-party banking.
"Coinsource offers exclusive national banking, industry-low rates and the highest profitability margins for its affiliates," Muhney said. "Coinsource utilizes in-house operating software and KYC/AML technology, which allows us to offer our end users the lowest rates in the industry while simultaneously providing the highest profitability for our affiliates who own their own networks through us."
Muhney further noted that the PaaS model, exclusively from Coinsource, includes a comprehensive set of tools that include banking, compliance, interactive marketing, customer support, location procurement, cash logistics and user experience. This can help ISOs and IADs enrich and diversify their existing portfolios while creating additional revenue streams, he stated.
Adding Bitcoin ATMs to an ISO's portfolio can also enable ISOs and IADs to attract new customers and traffic to their Bitcoin ATM fleets, Muhney noted, adding that diversifying an ATM portfolio can help drive incremental revenue using this unique and exclusive model. "As an industry leader in both compliance as well as solution-based services, Coinsource has been able to onboard nearly 100 PaaS clients to date," Muhney said. "This has enabled even further mainstream adoption of the technology and financial diversity, while simultaneously creating business opportunities for thousands of individuals."
Since its launch in 2015 with just a single kiosk and location, Coinsource has developed its own proprietary operating software as well as its own state-of-the-art KYC/AML/IDV (know your customer/anti-money laundering/identification verification) software, Muhney stated. These capabilities enable the company to provide fast, easy and secure ways to buy and sell cryptocurrencies, he added.
"We are the only turnkey, full-service Bitcoin ATM producer to offer in-house solutions and services to anyone looking to own and operate their own network of Cryptocurrency ATMs," Muhney said.
In addition to providing Bitcoin processing software, the platform offers enhanced cash logistics and reporting; armored car services; national banking; state and federal licensing; knowledgeable, 24/7 customer service; and customized marketing materials to help operators grow and scale their national Bitcoin ATM networks, Muhney stated. He also noted that products and services are tailored according to unique partner and affiliate requirements.
Describing Coinsource as a financial services company that provides simplified, secure access to the cryptocurrency world, Muhney encouraged interested ISOs to reach out and learn more about crypto's growing adoption and unlimited potential.
"Coinsource provides the fastest, easiest and most secure way to buy and sell cryptocurrencies using cash at hundreds of locations nationwide," Muhney said. "Given the rapidly evolving fintech industry, Coinsource has focused heavily on building a world-class compliance and consumer protection program, multi-tier high touch support, and a service which supports millions of unbanked and underbanked Americans."
Muhney pointed out that Coinsource has hundreds of Bitcoin ATM locations across 45 states and Washington D.C., and plans to grow internationally. Partners and affiliates have the confidence of knowing that Coinsource is the world's leader in Bitcoin ATM Services, he said.
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