Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions

Coinsquare, a Canadian cryptocurrency trading platform, announced it has bought an eight figure controlling stake in fintech software producer, Just Cash. The acquisition will enable the firm to introduce crypto transactions on traditional, non-bank ATMs in the United States. Just Cash developed a software to retrofit ATMs to sell cryptocurrencies via a customer’s debit card without having to upgrade the machine’s hardware. Coinsquare CEO Cole Diamond confirmed that the technology has already been introduced to some ATM machines, a process that will continue until the end of next year. There are approximately 250,000 non-bank ATMs that can potentially be upgraded with this feature. By partnering with two of the three major producers of non-bank automated teller machines – Nautilus Hyosung, Triton, and Genmega, though he was unable to disclose which ones – Diamond said Coinsquare expects to integrate with approximately 170 thousand machines across nearly all 50 states. “We will outnumber the total number bitcoin ATMs within a year,” Diamond said.