Coinflip adds DOGE to its 1,800 crypto ATMs in 45 US states

Written by: Ali Raza
March 2, 2021
  • Coinflip says it is committed to offering more support to the cryptocurrency in the future as interest grows.
  • Dogecoin has risen in value and market capitalization after increased interest from leading names.
  • Coinflip increased its crypto ATMs in the US from 440 to 1,800 last year following increased demand.

Bitcoin ATM provider Coinflip has announced that meme-based cryptocurrency Dogecoin has been added as a purchase option for all its 1,800 ATMs across 45 US states. Coinflip says the decision was made due to Dogecoin’s increasing popularity and adoption in the US. As it stands, Coinflip ATMs now support Bitcoin (BTC), USDC, Dogecoin, Binance coin (BNB), Ethereum (ETH), Dash, Stellar Lumens (XLM), Link, as well as Litecoin (LTC).

Dogecoin (DOGE) has also added about 4% in value less than 24 hours after the announcement, with the market capitalization hitting $6.6 billion.

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Dogecoin stated that it wants to encourage Dogecoin supporters who are based even in the most rural places in the US.

Interest for Dogecoin rises

The cryptocurrency gained more popularity this year, as some of the leading names in the industry offered their support for the token. However, some users believe that the recent surge of Dogecoin wasn’t completely organic. It rose by 85% after the GameStop sage with the Reddit group /WallStreetBets. More retail traders now have the interest to buy Dogecoin (DOGE) as interest for the coin rises.

Prominent among them was Tesla’s chief executive officer Elon Musk, who mentioned DOGE repeatedly in his series of tweets. In one of the tweets, Musk stated that Dogecoin is the currency of the people.

After his comments, the crypto asset embarked on an impressive bull run, leading to an all-time high value.

Coinflip to offer more support for Dogecoin in the future

Coinflip reiterated that Dogecoin has drawn increased interest from the crypto community. As a result, the company is poised to offer unalloyed support for cryptocurrency even in the future.

Co-founder and chief executive officer of Dogecoin Daniel Polotsky commented on the development. He stated that the company is dedicated to ensuring that Dogecoin becomes part of its portfolio given its increased adoption by the crypto community.

The demand for Coinflip’s ATMs has increased astronomically within the past year. Its revenue has also tripled within the period after it increased its number of ATMs from 441 to about 1,800.