Lux Vending, LLC dba Bitcoin Depot, a U.S.-based Bitcoin ATM operator and leading fintech company, today announced the previously-consummated acquisition of a majority of equity interests in Bitaccess Inc , a leading BTM operating system provider.

Bitcoin Depot’s ownership interest in Bitaccess has enabled Bitcoin Depot to build out its BDCheckout product and its other software and operational capabilities, and expanded its business lines into kiosk management, compliance systems, transaction processing, and cash management.

Founded in 2013, Bitaccess provides operating software to BTM operators in over 15 countries, with expertise in blockchain technology, device integrations, transaction processing and systems infrastructure. The company launched its first BTM in Toronto, Canada in January 2014.

Bitaccess’ management team has continued to lead its globally distributed staff, maintaining infrastructure while working with the Bitcoin Depot team to drive continued innovation within the BTM sector.

“We’re thrilled about the benefits of this engagement with Bitcoin Depot as it’s a promising development showcasing vertical integration within our industry,” said Moe Adham, CEO and Founder of Bitaccess. “The BTM sector has matured significantly due to robust demand from consumers, and we look forward to being a part of a leading BTM operator in the space and continuing to support users with access to easy, secure transactions through our platform.”