Digital Banking

Bitcoin ATM operator RockItCoin acquires Tao Bitcoin

October 26, 2022

RockitCoin has acquired Tao Bitcoin, a Bitcoin ATM operator with 56 devices mainly in the southern U.S. RockItCoin now has close to 1,900 ATMs in 44 states, according to a report by Cointelegraph.

As part of the acquisition, RockitCoin will begin rebranding Tao Bitcoin ATMs.

Michael Dalesandro, CEO of RockitCoin, expects his company will acquire more operators before the end of 2022.

"We are constantly on the lookout for ways to expand our footprint while continuing to serve our customers with convenient physical locations where they can safely and efficiently buy and sell cryptocurrency," Dalesandro told the news outlet.