Coinme Receives Funding from Ripple’s Xpring and Blockchain Finance

Hey ninjas, how’s the trading going? The largest and most popular cryptocurrency Bitcoin is currently reporting moderate gains on the day. BTC is reporting 0.54% gains on the day and trading at $10,325 at press time.

Coinme (Seattle-based crypto ATM), is a global leader in cryptocurrency ATMs and reportedly has over 2,600 kiosks in the United States. Coinme powers the world’s largest Bitcoin (BTC) ATM network. On the 12th of September, Coinme announced that the firm received $1.5 million in funding from Blockchain Finance and Ripple’s Xpring to further advance their ATMs.

Co-founder and CEO of Coinme shared his thoughts on the funds received by Coinme, he explained that he felt “bolstered by this vote of confidence by Ripple and Blockchain Finance” and Coinme can now bring its infrastructure to a global audience.

The senior vice president at Ripples shared similar sentiments with Bergquist, explaining that Coinme makes it easier for everyone to access Cryptocurrency and use them for payments and Xpring is in full support. Coinme currently only offers Bitcoin in its ATMs, with the recent development one would assume XRP would be joining Coinme’s network of kiosks in the near future.

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