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 Digital Currency Kiosk Network at Leading Retailers Nationwide

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 growth, as they’re about to pass the 1200-unit worldwide milestone. 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, helping to grow those networks to over 60K machines.

“Digital currency has hit the mainstream. Michael’s hiring will help make the transacting of digital currency as accessible 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,” says Michael Tomlinson, Chief Revenue Officer. “All of these solutions have three things in common: they had a clear technological advantage over their competition, they had visionaries at the helm and they all built amazing teams to bring that vision to life.” 

Tomlinson adds, “I’m delighted to join the Coin Cloud team during this period of record-breaking 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 past experiences in the supermarket channel include introducing the first fully automated in-aisle shrink solution with SuperValu through retailer technology provider ZoomSystems. He also previously partnered with Albertsons to deliver Outerwall’s first 4th Wall agreement for their full portfolio of products, including Redbox and Coinstar. Most recently, Tomlinson worked with Kroger and Albertsons to launch KeyMe’s key duplication solution in their stores across the country.

Demand among consumers for digital currency is exploding, with values hitting all-time highs, and the interest and enthusiasm for digital wallet adoption has only accelerated as a result of the pandemic, from less than 38% of Americans pre-pandemic to 55% as the economy has reopened according to a recent survey of 12,000 consumers by payments provider Blackhawk.     

“We serve the underbanked and make it easy for them to enter the digital economy,” Tomlinson explains. “And we’re the only DCM operator with a national presence that allows consumers to quickly and easily sell their digital currency onsite for cash.”