DLA Piper has advised Austria's Kurant GmbH on the Europe-wide roll-out of its Bitcoin vending machines.
To expand its footprint in Europe, Kurant has acquired a large number of vending machines and also subsidiaries in Greece and Spain. As a result of its expansion, the purchase of cryptocurrencies is now possible at more than 130 vending machines in Austria, Spain, Italy, the Netherlands, and Greece.
According to DLA Piper, "Kurant is the first Austrian company to focus on the officially registered installation of Bitcoin machines, enabling customers to process Bitcoin purchases easily. The company was founded in 2017 as a spin-off of Coinfinity GmbH's vending machine activities, which was launched in 2014, and it is now the leading provider of Bitcoin vending machines in Europe."
DLA Piper's team was led by Corporate Senior Associate Valerie Kramer and included Partners Maria Doralt, Dimitar Hristov, Stephan Nitzl, and Christoph Urbanek, and Counsels Johanna Holtl, Lothar Farthofer, and Stephan Panic.