Lamassu Bitcoin Ventures

Company profile

Lamassu Bitcoin Ventures company profile

Lamassu is the Bitcoin ATM market leader. In its first year, it has built over 250 Bitcoin ATMs, delivered to 150 operators, in 40 countries. It aims to grow to 1,000 machines in 2015, and to 10,000 machines by the end of 2017. Live machines currently process $20,000 of transactions per month on average.  Its user experience, design, build quality and reliability set us apart from its competition. As Lamassu moves forward, it is setting its sights to the $500bn global remittance market. Its machines will enable cash-to-cash remittance without fixed fees, positioning the company to compete on the sub $100 remittance market. This is possible by combining the Bitcoin rails and the power of cash to bypass traditional financial institutions.