In September 2005, brothers Evan and Mike Almeida incorporated Empire ATM. What started as a part-time side gig, has flourished today into a full blown empire with a vast team and nationwide operations under its belt.
Evan -a commodities broker- and Mike -a landscaper- had both found success in their respective careers and for the first four years since Empire’s inception, they never took a dime out of the company. They rolled and reinvested their earnings over and over. But when the exchange company Evan was working for was bought out, he was faced with working from home -something he just wasn’t used to.
He couldn’t trade anymore and a year later Mike left his backbreaking landscaping work and they both came into Empire full-time. Not only did they double their income, but from that point on, they knew they were building something special.
They started creating jobs and their ATMs were servicing more church and local county events and state fairs. They decided then to branch out into the event space pretty aggressively.
The Almeida brothers have different points of view in many aspects of the business they’ve built, but their growing pains always seem to help them find ways to compromise and continue to grow. “I think the formula is my brother and I. We have synergy, we don’t always see things exactly the same, which is really good. There’s two ends of the spectrum with us, but our goals have always been the same,” says Mike.
This combination has been especially fruitful when they decided to break into their newest venture, EmpireBIT.
Evan notes, “we’ve come a long way since that first church fair.” One of the biggest eye openers for him in this industry was what he experienced working as a commodities broker in NYC. “The traders thought they were invincible, like they could never be replaced by computers along this exchange that put their products on a digital platform,” he explains.“Not only were these computers better than human traders, they were more honest and effective. They were able to do way more volume. Literally, this digital technology replaced the open outcry,” Evan adds.
The Almeidas understood that cryptocurrency could potentially put what they had built out of business. In the next few years the usage of cash will become more difficult. Understanding that this is where the world is headed, they’ve been smart enough to be on the side of that currency, hence why they invested in it.
“Every day you hear more and more about crypto and it keeps the people dealing with it more honest. The revenue that it has generated has surpassed the number of ATM’s we have,” the brothers add.
As the buzz of cryptocurrency continues to grow, the savvy brothers want to be in a position where they can foresee what will happen next not just in their business, but in the industry.
Mike and Evan will leverage their 15 years of experience in the ATM industry, their vast infrastructure, and the 7,500+ locations they are able to deploy. This will allow EmpireBIT transactions accessible through more locations than all other Bitcoin ATM companies combined!
Currently, the Almeida brothers handle a little over 200 events a year. They are excited to make crypto more accessible through EmpireBIT, a crypto brand that people can trust. Connect with and follow @Empire.BIT.
Learn more at EmpireBIT.com!