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Cryptocurrency News Articles
From Bitcoin ATMs to API-Driven Crypto-to-Cash Service: The Story of Coinme
Sep 28, 2024 at 06:00 am
Adaptability is key to the survival of any company. Neil Bergquist, CEO of Seattle-based crypto financial services provider Coinme, knows this principle well.
Coinme, a Seattle-based crypto financial services provider, has undergone a remarkable transformation over the past decade. Beginning with the launch of the first licensed bitcoin ATM in the U.S. in 2014, the company has since grown to power the largest network of cash-to-crypto machines in the world.
In recent years, Coinme has pivoted to an API-driven crypto-to-cash service, partnering with well-established providers like Coinme and MoneyGram. This shift has enabled Coinme to rapidly expand its footprint and reach new audiences.
Adapting to the Evolving Crypto LandscapeAdapting to the Evolving Crypto Landscape
As the crypto industry continues to evolve, Coinme has remained at the forefront of innovation. The company has consistently adapted its strategy to meet the changing needs of the market and capitalize on emerging opportunities.
In 2024, Coinme crossed a significant milestone by surpassing $1 billion in retail sales to mark its 10th anniversary. This achievement is a testament to the company's dedication to driving crypto adoption and facilitating greater financial inclusion.
Coinme's Impact on the Crypto and Finance IndustriesCoinme's Impact on the Crypto and Finance Industries
Coinme's endeavors have not only impacted the crypto domain but also extended into the broader finance industry. By integrating its technology with existing cash kiosks, Coinme has played a role in bridging the gap between digital and traditional finance.
This approach has contributed to expanding access to cryptocurrencies, particularly for individuals who might not otherwise engage with the crypto market. Coinme's efforts ultimately aim to advance the adoption and utilization of crypto assets.Coinme Continues to Expand Footprint, Broaden OfferingsCoinme Continues to Expand Footprint, Broaden Offerings
Coinme's recent initiatives include adding over 9,700 physical bitcoin ATM locations to the bitcoin.com site and map finder. This move enhances visibility and accessibility for potential users seeking to locate a nearby bitcoin ATM.
To further streamline its services, Coinme now offers automatic and near-instant fulfillment of crypto purchases at Coinme-enabled Coinstar kiosks. This feature enables users to swiftly exchange cash and have cryptocurrency loaded into their Coinme account within seconds.
In another development, Coinme has partnered with CiNKO, a digital payments platform operating in 44 countries throughout Latin America and the Caribbean. This collaboration allows Coinme users to send funds to CiNKO wallets, which can then be cashed out at participating MoneyGram locations in these regions.
Coinme CEO Neil Bergquist highlights the synergy between this partnership and the company's core mission. “Our mission is to be a gateway to digital currency and a better financial future,” said Bergquist. “This partnership serves that mission and the millions of people who benefit from trusted access to cryptocurrencies.”
Coinme's Footprint Expands with Addition to Bitcoin.com MapCoinme's Footprint Expands with Addition to Bitcoin.com Map
Coinme, a leading provider of crypto financial services, continues to expand its footprint with recent initiatives. The company has added over 9,700 physical bitcoin ATM locations to the bitcoin.com site and map finder.
This move will significantly enhance the visibility and accessibility of bitcoin ATMs for potential users. Interested individuals can now easily locate a nearby bitcoin ATM using the interactive map on bitcoin.com.
Coinme's partnership with ChainBytes, a bitcoin ATM operating company, has enabled this large-scale addition to the bitcoin.com map. The collaboration aims to provide users with a comprehensive and up-to-date directory of bitcoin ATMs.
Coinme is also undertaking steps to streamline its services and improve the user experience. The company now offers automatic and near-instant fulfillment of crypto purchases at Coinme-enabled Coinstar kiosks.
This feature allows users to quickly exchange cash and have cryptocurrency loaded into their Coinme account within seconds, reducing the waiting time and further facilitating entry into the crypto market.
Coinme also recently expanded its partnership with MoneyGram to enable users to cash out cryptocurrency at MoneyGram locations in Latin America and the Caribbean. This initiative is part of a broader effort to enhance access to crypto assets in underserved regions.Coinme Partners with CiNKO to Expand Crypto Access in LatAm, CaribbeanCoinme Partners with CiNKO to Expand Crypto Access in LatAm, Caribbean
Coinme, a Seattle-based crypto financial services provider, has partnered with CiNKO, a digital payments platform operating in 44 countries throughout Latin America and the Caribbean.
This collaboration will enable Coinme users to send funds to CiNKO wallets, which can then be cashed out at participating MoneyGram locations in these regions.
Coinme users can send cryptocurrency to CiNKO wallets via the Coinme app or website. Once the funds arrive in the CiNKO wallet, they can be withdrawn at any MoneyGram location displaying the CiNKO logo.
Coinme and CiNKO are both committed to
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