COIN CLOUD HIRES LEADING RETAIL EXECUTIVE AS NEW CHIEF REVENUE OFFICER

Former Head of Business Development at KeyMe, CoinStar and Redbox Joins Coin Cloud
By 
Coin Cloud Team
, published on 
November 16, 2020
COIN CLOUD HIRES LEADING RETAIL EXECUTIVE AS NEW CHIEF REVENUE OFFICER

Former Head of Business Development at KeyMe, CoinStar and Redbox to Expand Rapidly-Growing Kiosk Network at Leading Retailers Nationwide

Las Vegas, Nevada: Coin Cloud, the largest operator of digital currency machines in the US, has announced the addition of Michael Tomlinson as Chief Revenue Officer.

Tomlinson joins Coin Cloud from KeyMe and arrives at a pivotal time in the company’s hyper-growth, having recently surpassed 1100 units worldwide. He will oversee all retail relationships and the distribution of Coin Cloud kiosks across the country. Prior to KeyMe, Tomlinson held senior positions at CoinStar, Redbox and ZoomSystems, and was responsible for growing those networks to over 60K machines.

Tomlinson’s approach to partnering with leading brick & mortar establishments emphasizes the value that self-service retail brings to consumers and retailers alike, both in terms of revenue per square foot and the significant incremental foot traffic these kiosks attract to every location. At Coin Cloud, he will harness his relationships with retail executives to expand the company’s kiosk network into the largest store chains and most iconic brands in the world.

“Digital currency has hit the mainstream. Michael’s hiring will help make the transacting of digital currency as ubiquitous and seamless as renting a DVD or trading in loose change at your neighborhood supermarket,” says Chris McAlary, CEO of Coin Cloud. “I’m thrilled to have Michael (MT) join the Coin Cloud team, and excited to expand our partnerships with leading retailers nationwide.”

“I’ve been very fortunate during my 25-year career to be a part of the most successful kiosk companies to ever go to market — Coinstar, KeyMe, Redbox, ZoomSystems/Swyft and now Coin Cloud,” says Michael Tomlinson, Chief Revenue Officer. “All of these solutions have two things in common: they had a clear technological advantage over their competition, and they all built amazing teams to bring their vision to life.”

Tomlinson adds, “I am delighted to join the team during this period of high-growth, and look forward to working with my friends and partners at the world’s biggest and most successful retailers. Together we will meet ever-growing consumer demand by bringing this innovative technology to every corner in America.”

Tomlinson’s experiences that will benefit Coin Cloud moving forward include:

  • Partnered with 7-Eleven’s Innovation and Category teams to launch and grow a network of KeyMe kiosks in both corporate and franchise stores.
  • Pioneered the first fully automated in-aisle shrink solution in the supermarket channel with SuperValu and ZoomSystems.
  • Launched the first self-service coin-counting program in the drug store channel with CVS’s Treasury team. Worked with Albertsons to deliver Outerwall’s first 4th Wall agreement for their full portfolio of products including Redbox, Coinstar, and Amusement Vending.
  • Worked with the Rite Aid Operations and Merchandising teams to launch the first self-service key duplication in the drug store channel.

“Demand among consumers is exceeding everyone’s expectations, and the pandemic has only accelerated digital wallet adoption,” explains Tomlinson. “We serve the underbanked and make it easy for them to enter the digital economy and use our platform for remittance; we are enabling hundreds of millions of daily MMORPG players to use cash for participating in virtual gaming markets; we are the only DCM operator with a national presence that allows consumers to quickly and easily sell their digital currency onsite for cash.”

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

What is Coin Cloud?

Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.

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