Major BTC ATM Network Garners $1.5 Million From Xpring and New VC Fund
Cointelegraph By Joeri Cant's original article for cointelegraph.com reduced by 60%
Ripple's Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme. On Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple's Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM network in the U.S.
and international markets. Coinme, in partnership with Coinstar, powers the world's largest Bitcoin ATM network, with over 2,600 kiosks across the United States. "We are bolstered by this vote of confidence by Ripple and Blockchain Finance Fund in our vision and the exciting opportunity to provide access to digital currencies for millions of people around the world.
Coinme is building the infrastructure that powers the rapidly growing digital currency economy. We can now bring that infrastructure to a global audience." "Coinme is making it easy for everyone to access cryptocurrencies and use them for payments and cash-based remittances. At Xpring, we support mission-driven companies that have the potential to transform money.
The Coinme team brings a perfect blend of experience to tackle this mission, and we're excited to partner with them." At the moment Coinme only offers Bitcoin at its ATMs. However, one could speculate that the investment from Ripple could one day mean that XRP will join Coinme's network of kiosks. While Coinme powers more than 2600 crypto kiosks in the U.S, Cointelegraph recently reported that according to data by Coin ATM Radar, Venezuela has finally gotten its very first Bitcoin ATM.
After multiple false starts, the Latin American firm Panda BTM was able to install the Bitcoin ATM in the city of San Antonio del Táchira.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.