CoinFlip says the announcement “validates the legitimacy of DOGE.” Elon Musk will be delighted.
One of America’s biggest Bitcoin ATM providers has announced that Dogecoin can now be bought and sold at 1,800 of its machines.
CoinFlip says the announcement “validates the legitimacy of DOGE” — and comes after some seriously high-profile endorsements from the likes of Elon Musk and Snoop Dogg.
The company’s CEO and co-founder, Daniel Polotsky, said CoinFlip’s mission has long been to break down barriers to entry and make cryptocurrencies available to all… even if they’re based in rural towns. He added:
“Given its growing popularity and recent mass adoption, we are dedicated to making sure that Dogecoin is a part of our portfolio of coins, and encourage further support of this cryptocurrency in the coming months.”
CoinFlip says that its revenue in 2020 surged by 359% — while its network of ATMs grew from 441 in January to 1,400 by the end of the year. According to CoinDesk, the company now has its sights set on expanding its network to 4,000 by the end of 2021.
DOGE’s price didn’t seem to react all that much to the news. At the time of writing, it’s up 2.25% on the day, and 8.75% over the past seven days.
The Full Story of Dogecoin
CoinMarketCap Academy has just published a deep dive into the crazy story of Dogecoin — charting its launch, surge in popularity, fall from grace and comeback. It’s a story that’s got it all… memes, the world’s richest man, TikTok challenges, and a very cute dog called Kabosu. What more could you want?
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