“CoinFlip’s mission has at all times been to financial institution the unbanked and break down the barrier to entry. In doing so we’re on a mission to make crypto currencies obtainable to anybody who’s all in favour of investing, even in essentially the most rural cities of America,” stated Daniel Polotsky, CEO and Co-Founding father of CoinFlip. “Given it is rising recognition and up to date mass adoption, we’re devoted to creating positive that Dogecoin is part of our portfolio of cash, and encourage additional assist of this cryptocurrency within the coming months.”
CoinFlip’s itemizing of Dogecoin follows latest announcement of the corporate’s immense progress in 2020. Final month CoinFlip reported a 359% enhance in income from the yr prior and greater than tripling the scale of its Bitcoin ATM community. Responding to document demand for straightforward and accessible avenues to purchase and promote cryptocurrency, CoinFlip grew its community from 441 ATMs in January 2020 to over 1,400 by yr’s finish, with terminals in 45 of the 50 states.
CoinFlip is the main Bitcoin ATM operator globally, with over 1,800 machines throughout 46 states supporting the shopping for and promoting of 9 main cryptocurrencies. The corporate cuts typical transaction charges by greater than half, gives an extremely easy consumer expertise and launched 24/7 buyer assist, which has now turn into an trade normal. CoinFlip’s purpose is to advance crypto adoption, accessibility and liquidity to assist communities, just like the underbanked, who want it most. Its ATMs are on the frontline of a monetary revolution, the place Bitcoin and blockchain expertise can empower those that have been left behind by legacy monetary establishments. Based in 2015, CoinFlip is headquartered in Chicago.