Byelex Multimedia Products B.V., a supplier of bitcoin ATMs in the Netherlands, has tapped Transtrack International B.V., a cash management software provider, for management of physical cash in its expanding network.

"Using Transtrack's [CashWebCommunity] software and partners brings the maturity and stability that is required to bring our Bitcoin ATM network to the level of service that is expected by the Bitcoin ATM users," said Herman Vissia, CEO of Byelex and Byecoin Crypto Services.

"Extending our service to the Bitcoin ATMs at this early phase is essential for an innovative company like Transtrack. It is our commitment to make the whole supply chain of cash work more efficiently, and with a growing cryptocurrency market, we are committed to be one of the first to support a seamless consumer experience," Transtrack CEO Ronald van Vliet said in the release.