Bitcoin exchange startup BitQuick is being acqui-hired by a US-based digital currency ATM network, a move that comes months after it temporarily shut down following a cyberattack.
Athena Bitcoin, which operates in the midwestern and eastern US, is buying the exchange outright as well as bringing in team members Jad Mubaslat and Chad Davis. The sale amount was not disclosed.
The integration quietly went live late last week, with the formal integration taking place today. In interview, Mubaslat said that in the immediate term, the team will continue to operate as it has previously, only with financial backing from Athena that will be used to expand the team’s size and capacity.
Mubaslat told CoinDesk:
“Chad is going to continue working as customers service and I’ll continue to work in a leadership role, making sure the platform works as it was before.”
Gil Valentine, co-founder and COO of Athena Bitcoin, said that the all-digital exchange interface is a good complement to his company’s physical ATM network.
“We like the branding, we like the story, we like the way that Jad and Chad handled everything, and we think the brand is safe and sound,” he said.
Mubaslat said that the