CoinFlip is one of the most famous Bitcoin ATM, or a sort of bancomat where people can withdraw and buy BTC all around the world.
The Cryptonomist managed to conduct an interview with its team to know more about this company.
Summary
Bitcoin ATM: the interview with the CoinFlip team
How many ATMs do you have now?
We currently have over 4,000 ATMs in 49 states in the United States and Canada.
Which crypto do you support? Any plans to adopt more crypto/blockchains?
As of November 2022, CoinFlip offers the following crypto on its ATMs: Bitcoin, Litecoin, Ethereum, Dogecoin, AAVE, Stellar Lumens, Chainlink, USD Coin, and Dash. The company also offers a much wider range via its Trade Desk. CoinFlip is always looking to add more offerings to the platform and their ATMs.Â
How many transactions do you handle?
We have surpassed $1B in transactions and are continuing to grow.Â
What are the most active countries where people do more transactions?
CoinFlip currently operates in Canada and the United States with plans to expand its global presence. We’ve seen demand rise across the board and have doubled our ATM presence from 2,000 to over 4,000 in the last year.
Why do you think people use ATMs for crypto that can be spent online without cash?
Cash machines have been around for a long time and are a familiar tool for transactions. Crypto ATMS are a tangible and physical way to help create accessibility and demystify crypto usage for the average consumer that is not fully immersed in the digital finance space. The ATMs provide an easy-to-use avenue for new investors and offer a physical option for those who have been otherwise shut out by traditional banking institutions. This option breaks down the barriers to entry, making it easier for anyone to build wealth by investing in crypto. CoinFlip makes it even easier by offering 24/7 customer service.
