ATM Operator CoinFlip Supports Stellar Lumens Cryptocurrency

ATM operator CoinFlip Supports Stellar Lumens Cryptocurrency

CoinFlip, a Chicago-based Bitcoin ATM operator, has allowed its customers to buy Stellar Lumens (XLM) from its computer network, Sunriseread website reported, quoting CEO Daniel Polotsky.

He added that the move boosts supply of the cryptocurrency at bricks-and-mortar stores.

The company runs nearly 450 ATMs, and it allows buying a great number of cryptocurrencies with bank cards.

Moreover, CoinFlip operates nearly 40 two-way ATMs, where customers can promote their cryptocurrencies for dollar.

CoinFlip also supports other cryptocurrencies such as Bitcoin, Litecoin, Ethereum and Sprint.

The CEO also said XLM’s strong daily liquidity and good market performance encouraged him to record the token.

He added that CoinFlip plans to expand its business, especially as it has approval to run ATMs in more than 40 states.

“We’re attempting to push out 20 [ATMs] every week,” Polotsky said.

CoinFlip supports 8 major cryptocurrencies

Founded in 2014, the company allows customers to buy eight major cryptocurrencies including Bitcoin with cash

The firm has collaboration with leading crypto exchanges such as Binance, Polotsky earlier told the Tech Bullion website.

“Binance is one of the safer and trusted exchanges in the cryptocurrency world, and we want our customers to be safe when trading. There are times we receive calls from customers about trading on unsafe exchanges and we don’t want them to have to deal with that anymore. By listing BNB, it’s a reflection of the fact that we recommend Binance just because of its history and team. Though, users should still always do their due diligence when it comes to safe trading,” he added.

The CEO indicated that Bitcoin will be the currency of the future, saying:

“We all follow the cryptocurrency market and development in the space, and we truly believe that bitcoin will be a global currency of the future.”

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.