Bitcoin Romania launches a franchise for ATMs with cryptocurrencies, the franchisors having the possibility to obtain profit after 1-3 months from the investment.
The company wants to register at the end of the year a network of 100 ATMs compared to 20 at present.
To become a partner, the franchise must be taken over by a legal entity. The cost of the franchise is 4.500 euros.
To this amount is added a 5.000 euro deposit for the ATM and 10.000 euros for the first loading of the ATM.
On the other hand, the partners’ profit is up to 4.000 euros net per month / per ATM due to a commission from each transaction. Clients can sell and buy several cryptocurrencies, not just Bitcoin (for example, Ethereum, Litecoin, Bitcoin cash)
At the end of the franchise agreement, the partner will receive back the 10.000 euros and also the deposit of 5.000 euros if the ATM is in good condition.
Currently, Bitcoin Romania has 20 ATMs in cities such as Bucharest, Constanța, Sibiu, Râmnicu-Valcea, Galati. Mangalia, Craiova and Târgu Jiu, and by the end of the year it aims to expand in all cities of the country.
Of these, 14 are Bitcoin Romania ATMs, and six are through partners.
First cryptocurrency ATM in Romania was set up in 2014
The company brought the first ATM on the local market in 2014, this being the first Bitcoin ATM in Continental Europe and the fifth in the world.
Since then, Bitcoin Romania has brokered 40.000 transactions 15 million euros worth. Also, the 14 own ATMs were used by over 25.000 customers for the sale and purchase of cryptocurrencies.
The entire ATM network will represent approximately 30% of the turnover of 10 million euros estimated by Bitcoin Romania for 2020.