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CoinFlip adds Dogecoin support to 1,800 ATMs in the US


Cryptocurrency ATM operator CoinFlip has added the ability to buy Dogecoin (DOGE) coins in 1,800 bitcoin ATMs located in 46 US states.

According to a press release, the company’s management was keen to confirm the coin’s legitimacy. CoinFlip CEO Daniel Polotsky explained the decision to add Dogecoin to its rise in popularity recently.

“We strive to make cryptocurrencies available to everyone who is interested in investing, even in the most remote regions of America,” added the CEO.

What is Dogecoin?

Launched in 2013 as a comic digital asset, Dogecoin became popular thanks to the support of Elon Musk. He has repeatedly posted memes on Twitter with the altcoin symbol of the Japanese Shiba Inu dog.

In early February, the Tesla founder posted a series of tweets about Dogecoin that kicked up the token rate by almost 50%. Wednesday February 24th Musk posted again on Twitter a picture of a dog – the price of the coin increased by 20% per day.

The billionaire also named Dogecoin as his favorite cryptocurrency and recently revealed that he bought an altcoin for his youngest son.

Earlier, Musk urged large asset holders to sell some of the coins to avoid centralization. More than 28% of the market supply of tokens or 36.8 billion DOGE is concentrated on one address.

On March 1, Dogecoin developers updated their cryptocurrency software for the first time in a year and a half. The main improvement was the increased sync speed.

On March 3, Musk announced his intention to create a new city called Starbase.

Recall that in 2020 the number of bitcoin-ATMs in the world increased by 83% – there are 11,689 in total.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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