logo
Plus   Neg
Share
Email

Coinflip Announces Support For DOGE At 1800 ATMs In The US

coinflip 030821 lt

Bitcoin ATM provider Coinflip announced support for virtual currency Dogecoin (DOGE) at all its 1,800 ATMs across 46 states in the United States from March 1, following the cryptocurrency's recent popularity and mass adoption.

Dogecoin was first started solely as an internet meme and in recent months propelled to a near ten billion dollar market cap due to support from celebrities such as Elon Musk, Snoop Dogg, Gene Simmons and Kevin Jonas.

Coinflip, one of the leading Bitcoin ATM provider in the U.S., said this move meets consumer and industry needs as coin popularities shift and it validates the legitimacy of the coin.

"CoinFlip's mission has always been to bank the unbanked and break down the barrier to entry. In doing so we're on a mission to make crypto currencies available to anyone who's interested in investing, even in the most rural towns of America," said Daniel Polotsky, CEO and Co-Founder of CoinFlip.

CoinFlip's listing of Dogecoin follows recent announcement of the company's immense growth in 2020. Last month, CoinFlip reported a 359 percent increase in revenue from the year prior and more than tripling the size of its Bitcoin ATM network.

CoinFlip grew its network to over 1,400 by end of 2020 from 441 ATMs in January 2020, with terminals in 46 of the 50 states. This provides easy and accessible avenues for all to buy and sell nine major cryptocurrencies - BTC, ETH, BNB, DASH, LTC, LINK, USDC, and XLM, apart from DOGE.

CoinFlip's goal is to advance crypto adoption, accessibility and liquidity to support communities, like the underbanked, who need it most.

For comments and feedback contact: editorial@rttnews.com

Follow RTT