Bitcoin Depot Named Preferred BTM Vendor With National Retail Association, AATAC
Portfolio Pulse from Benzinga Newsdesk
Bitcoin Depot Inc. (NASDAQ:BTM), a leading Bitcoin ATM operator, has been named the preferred BTM vendor by the AATAC, a national retail association. This partnership introduces Bitcoin Depot to AATAC's 50,000 associated retailers nationwide, potentially expanding its market presence. The company's CEO, Brandon Mintz, views this as a milestone in their mission to bring Bitcoin to the masses. Bitcoin Depot attended an AATAC trade show to engage with members and customers, and AATAC's Operations Director, Ivy LaBrie, expressed enthusiasm for offering Bitcoin Depot's services to their network.
November 14, 2023 | 1:47 pm
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Bitcoin Depot Inc. has been named the preferred BTM vendor by the AATAC, potentially increasing its market presence and service offerings across 50,000 retailers in the U.S.
Being named a preferred vendor by a national retail association like AATAC is a significant endorsement for Bitcoin Depot. This partnership is likely to increase the company's visibility and accessibility, potentially leading to an expanded customer base and higher revenues in the short term. The positive sentiment from both the company and AATAC representatives suggests a strong potential for growth, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90