Bitcoin ATM Network Expansion Gets $1.5 Million Funding from CoinMe
Crypto startup Coinme has secured up to $1.5 million for the expansion of Bitcoin ATM network. With more people joining the crypto space, the use of crypto ATMs is becoming popular with each passing day. This calls for a larger network of the machines to be installed in various strategic locations.
The move by Coinme will expand the infrastructure and enable more people to have access to their digital assets. The startup raised the funds through a recently launched A-1 funding round—a project of the Blockchain Finance Fund and Ripple’s Xpring.
Co-founder and CEO of Coinme Neil Bergquist said that they are impressed by the confidence that Ripple and Blockchain Finance Fund exuded in the company.
He said:
“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.”