Genesis Coin: Empowering Financial Inclusion with Cutting-Edge Bitcoin ATMs

13 June 2023

Discover how Genesis Coin's robust and reliable ATMs are driving the future of decentralized finance, empowering users worldwide to embrace the crypto revolution.

General Informations

Genesis Coin is a well-established company known for producing Bitcoin ATMs. Founded in 2013 by Evan Rose and Emman Lam, the company quickly became one of the leading manufacturers in the cryptocurrency ATM industry. Genesis Coin is headquartered in San Diego, California, USA.

Owners and founders

Evan Rose

Evan Rose: Evan Rose is one of the co-founders of Genesis Coin and played a pivotal role in the company's establishment and growth. He has a background in computer science and technology, which provided him with the necessary expertise to venture into the cryptocurrency ATM industry.

Evan Rose's vision and technical acumen have contributed to the development of Genesis Coin's innovative Bitcoin ATM models. His passion for cryptocurrencies and belief in their potential for mass adoption have driven the company's mission to make Bitcoin more accessible to people around the world.

As a co-founder, Evan Rose has been involved in shaping Genesis Coin's product strategy and guiding the company's overall direction. Under his leadership, Genesis Coin has become a prominent player in the crypto ATM market, providing reliable and user-friendly machines for both operators and customers.

Emman Lam: Emman Lam is another co-founder of Genesis Coin and has been instrumental in the company's success since its inception. While information about Emman Lam's background is not as widely available, it is evident that his collaboration with Evan Rose has been crucial in building and growing Genesis Coin.

Together with Evan Rose, Emman Lam has contributed to the design and development of Genesis Coin's Bitcoin ATMs, creating a diverse lineup of machines to meet the needs of the growing cryptocurrency community.

As co-founders, both Evan Rose and Emman Lam have been instrumental in driving the company's vision and maintaining its position as a leading manufacturer of Bitcoin ATMs. Their combined expertise and dedication to innovation have played a significant role in shaping Genesis Coin's success in the cryptocurrency ATM industry.

Products

Genesis Coin offers a diverse range of Bitcoin ATM models to cater to different needs and preferences of operators and users. Some of their notable models include:

Satoshi1

  1. Genesis1: The Genesis1 is one of the earliest models produced by Genesis Coin. It is a two-way Bitcoin ATM, which means users can both buy and sell Bitcoin using this machine. The Genesis1 features a user-friendly interface and high-quality components, ensuring a smooth and seamless user experience.
  2. Satoshi1: The Satoshi1 is another two-way Bitcoin ATM model offered by Genesis Coin. Similar to the Genesis1, the Satoshi1 enables users to buy and sell Bitcoin with ease. It is designed with a compact footprint, making it suitable for deployment in various locations, including retail stores and public spaces.
  3. Satoshi2: The Satoshi2 is an upgraded version of the Satoshi1, featuring enhanced functionalities and improved performance. It also supports two-way transactions, providing users with the convenience of buying and selling Bitcoin. The Satoshi2 is known for its robust design and user-friendly interface.
  4. Satoshi Edge: The Satoshi Edge is a one-way Bitcoin ATM, meaning users can only buy Bitcoin using this machine. It is designed to be compact and easy to use, making it a popular choice for businesses looking to offer Bitcoin purchasing services to their customers.
  5. Genesis2: The Genesis2 is a two-way Bitcoin ATM model that offers additional features and enhanced security. It comes with a larger screen and supports a wide range of cryptocurrencies in addition to Bitcoin, providing users with more options for their digital asset transactions.
  6. BATMThree XXL: The BATMThree XXL is a large-sized two-way Bitcoin ATM designed for high-traffic locations and businesses with high transaction volumes. It features a robust construction and a spacious screen for a user-friendly experience.

Detailed information

Here is more detailed information about some of their notable models:

  1. Genesis1:
    1. Rock solid 2-way model
    2. Dedicated barcode scanner
    3. Dedicated thermal printer
    4. Best-in-class bill validator
    5. High definition camera
    6. Electronic cash vault
    7. EMV card reader
    8. Optional fingerprint reader
    9. White-label comes standard
    10. Prices: from $14,500 depending on delivery.
    11. Dimensions: 181 kg, 60 ✕ 76 ✕ 142 cm.
  2. Satoshi1:
    1. Robust 1-way or optional 2-way model
    2. Features a 21" screen
    3. High definition camera
    4. Dedicated barcode scanner
    5. Optional fingerprint reader
    6. Optional cash dispenser (+$2,100)
    7. Best-in-class bill validator
    8. Dedicated thermal printer
    9. EMV card reader
    10. Electronic locking system
    11. White-label comes standard
    12. Prices: from $7,380 depending on delivery.
    13. Dimensions: 129 kg, 45 ✕ 58 ✕ 165 cm.
  3. Finney3:
    1. 21" LCD Touchscreen
    2. MEI 600 Note Bill Validator
    3. Barcode scanner
    4. EMV card reader
    5. High definition camera
    6. Audit locks optional
    7. White-label comes standard
    8. Prices: from $7,494 to $12,489 depending on the configuration.
    9. Dimensions: 38 kg, 60 ✕ 20 ✕ 62 cm.

Finney3

Key points

Genesis Coin's Bitcoin ATMs were known for their robust and reliable characteristics. Here are some key features that contribute to the reputation of their ATMs:

  1. Durable Construction: Genesis Coin's ATMs are designed with durable materials and high-quality components, ensuring longevity and resistance to wear and tear. The sturdy construction makes them suitable for deployment in various settings, including high-traffic locations.
  2. User-Friendly Interface: Genesis Coin places a strong emphasis on user experience, and their ATMs feature intuitive and user-friendly interfaces. The straightforward design allows both novice and experienced users to navigate the machines with ease, making Bitcoin transactions more accessible to a wider audience.
  3. Security Measures: Security is a paramount concern in the cryptocurrency industry, and Genesis Coin takes it seriously. Their ATMs are equipped with robust security features to protect users' transactions and personal information. These measures include encryption, secure data transmission, and compliance with regulatory requirements.
  4. Reliability and Uptime: Genesis Coin's ATMs are engineered to deliver consistent performance and uptime. This reliability ensures that users can conduct Bitcoin transactions without unnecessary disruptions, building trust and confidence in the machines.
  5. Compliance and Regulation: Genesis Coin strives to comply with relevant regulations and industry standards. Their commitment to compliance helps ensure that their ATMs meet legal requirements in the regions where they are deployed, promoting a safe and compliant environment for cryptocurrency transactions.
  6. Two-Way Transaction Capability: Many of Genesis Coin's ATMs support both buying and selling Bitcoin (two-way transactions), providing users with flexibility in managing their digital assets.

Conclusion

Genesis Coin has made a significant impact on the cryptocurrency industry by pioneering the concept of Bitcoin ATMs. Co-founders Evan Rose and Emman Lam's vision and technical expertise have led to the creation of expertly-crafted and robust machines that are user-friendly and accessible to a wide range of users.

Their diverse lineup of Bitcoin ATMs, including two-way and one-way models, caters to different needs and preferences of operators and customers worldwide. With a strong presence in multiple countries, Genesis Coin's ATMs have contributed to the global adoption of cryptocurrencies and the expansion of digital asset services.

The company's commitment to compliance, security, and reliability has garnered them a reputation for delivering a seamless and trustworthy user experience. Their fully decentralized model empowers ATM operators with complete control over their machines, ensuring fair access to revenue and providing a competitive edge in the industry.

As Genesis Coin continues to innovate and expand its product offerings, it remains at the forefront of the cryptocurrency ATM market. The introduction of new models, such as the Grândola and Aveiro, showcases their dedication to meeting the evolving demands of the growing crypto community.

Overall, Genesis Coin's contributions to the cryptocurrency ecosystem have been instrumental in making Bitcoin and other digital assets more accessible and user-friendly, bringing us one step closer to the widespread adoption of cryptocurrencies in our everyday lives.

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Authors and Editors

Rebecca Levinson
Personal Finance Editor
Rebecca Levinson is an editor at CashRadar. Before that, she wrote about travel, fitness and fashion. Born and raised in Kansas City.
Jessica Reinicke
Personal Finance Writer
Drawing from my extensive experience in the banking sector and my expertise in blockchain, I specialize in guiding businesses through the intricacies of digital assets and decentralized technologies.
Mark MacRae
Fintech blogger
Hello, I'm Mark, a dynamic and ambitious fintech blogger from the vibrant state of Texas. With a strong educational background and a passion for the intersection of finance and technology, I am dedicated to making a mark in the world of financial technology.