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Reborn Coffee to Pilot In-Store Crypto & Stablecoin ATM at Southern California Retail Location
Globenewswire· 2025-08-26 12:31
Core Viewpoint - Reborn Coffee Inc. is piloting a digital asset ATM in Southern California to explore customer access to cryptocurrencies and stablecoins, aiming to enhance the in-store experience and evaluate customer interest [1][2][3]. Group 1: Digital Asset Strategy - The digital asset ATM will support transactions in Bitcoin and select U.S. dollar-pegged stablecoins like USD Coin (USDC) [1]. - The ATM will be operated by a licensed third-party provider, allowing customers to buy or sell supported digital assets during regular store hours [2]. - The pilot program is part of a measured approach to integrating digital asset capabilities into operations, focusing on compliance and customer engagement [3]. Group 2: Pilot Program Details - The pilot will be limited to one high-traffic location and will run for a defined evaluation period, with the company reviewing usage data and customer feedback [3]. - This initiative follows previous announcements regarding the company's digital asset strategy and planned crypto payment capabilities via Square POS [4]. Group 3: Company Overview - Reborn Coffee, Inc. is a specialty coffee retailer based in California, dedicated to delivering high-quality coffee experiences and redefining the coffeehouse model through innovation [6].
Reborn Coffee Expands into Georgia and Armenia Through Licensing Agreement with Arjomand Group and IG International
Globenewswire· 2025-07-22 12:31
Core Insights - Reborn Coffee Inc. has signed a strategic licensing agreement with The Arjomand Group and IG International to expand into Georgia and Armenia, reflecting its international growth strategy [1][2] - The partnership aims to leverage the growing consumer demand in these emerging markets, aligning with European economic standards [2][3] - The agreement allows IG International exclusive rights to develop Reborn Coffee-branded locations, indicating a focus on local adaptation while maintaining brand standards [2][5] Regional Business Environment - Rising business confidence in Georgia is highlighted by the Prime Minister's reaffirmation of the country's European integration process, which is expected to attract foreign investment [3] - Both Georgia and Armenia are positioned as economic gateways between Europe and Asia, with pro-business environments and a growing café culture [4] Operational Strategy - IG International will oversee the rollout of Reborn Coffee stores in key metropolitan areas, including Tbilisi, Batumi, and Yerevan, adapting offerings to local preferences [5] - The licensing model includes an initial fee and a milestone-based payment schedule, promoting alignment and facilitating rapid expansion without significant capital investment from Reborn [6] Growth Validation - This licensing agreement further validates Reborn's international growth model, which is expanding across the Middle East, Asia, and Europe through similar agreements [7]
Reborn Coffee and Tori AI Sign MOU to Implement Smart Retail Technology
Globenewswire· 2025-05-14 12:31
Core Insights - Reborn Coffee Inc. has signed a Memorandum of Understanding (MOU) with Tori AI to enhance operational efficiency and customer interactions through AI technology [1][4] - The partnership aims to implement smart retail solutions, including drive-thru automation and personalized customer experiences [2][4] - Reborn Coffee is positioning itself as a leader in café innovation by integrating advanced technology into its operations [5] Company Overview - Reborn Coffee, Inc. is a California-based specialty coffee retailer focused on high-quality, handcrafted coffee experiences [7] - The company is dedicated to innovation and is redefining the coffeehouse model through technology-forward initiatives [7] Technology and Implementation - Tori AI provides plug-and-play systems that will help Reborn Coffee reduce labor costs and enhance upselling through real-time data [2] - The technology includes dynamic ordering prompts, inventory automation, and personalized menu suggestions to improve customer journeys and backend decision-making [2][4] - The first AI-enhanced drive-thru location is set to launch at 5050 W Russell Rd. in Las Vegas, NV [4] Strategic Positioning - This MOU positions Reborn Coffee as a forward-thinking leader in the café industry, with plans for additional initiatives and experiential rollouts [5] - Tori AI's expertise in smart automation and environment optimization will support Reborn Coffee's goals of enhancing operational efficiency and customer engagement [6]