CoinFlip brings cryptocurrency ATMs to Washington state as demand soars for bitcoin-buying machines


CoinFlip, a provider of cryptocurrency ATM machines, is bringing the benefit of bitcoin transactions to places throughout Washington state.

The Chicago-based firm is amongst a handful of operators who’re flooding fuel stations, grocery shops and elsewhere within the U.S. with the machines which permit customers to purchase and promote digital currency. Reuters reported on the rising phenomenon pushed by the recognition round bitcoin.

There are at the moment 32,305 bitcoin ATMs throughout the nation, in accordance with a web site that solutions simply that — howmanybitcoinatms.com. CoinFlip has 1,958 and is rising.

CoinFlip’s Washington machines might be positioned in Seattle, Everett, Vancouver, Yakima (two every); Spokane and Spokane Valley (three); and Olympia, Aberdeen, Tumwater, Battle Floor and Puyallup (one every).

CoinFlip is bootstrapped and employs 182 folks. The corporate makes cash from transaction charges. It costs a 6.99% payment for getting and promoting cryptocurrencies throughout all of its ATMs.

Seattle-based startup Coinme, in the meantime, introduced that it has introduced its enterprise to Florida with the launch of greater than 300 bitcoin-enabled kiosks at choose grocery shops throughout the state. The corporate, which companions with Coinstar, has almost 6,000 machines in 45 states.

Coinme raised $5.5 million a 12 months in the past.



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