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    ESP Blockchain Journal
    Home»Noticias»Ripple invested in Coinme

    Ripple invested in Coinme

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    By BlockchainJournal on septiembre 14, 2019 Noticias, Noticias Ripple
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    Bitcoin ATM Provider

    Coinme, a U.S.-based cryptocurrency ATM provider, raised $ 1.5 million.

    We are thrilled to announce our that @Ripple 's #Xpring and the newly established #Blockchain Finance Fund have made investments as part of our recently opened A-1 funding round.

    Full Release: https://t.co/yjNH4JiQpR pic.twitter.com/qCkrgICUjg

    – Coinme (@CoinmeATM) September 13, 2019

    In the A-1 Series financing round, the Xpring investment division, consisting of the Ripple and Blockchain Finance Fund, participated. In total, the company has already managed to raise $ 4.5 million, including through the issue of convertible bonds.

    The funds will go to expand the ATM network in Central and South America, as well as in Europe. Coinme currently operates in only 29 states, but plans to obtain licenses in the rest.

    Coinme is the operator of more than 2500 ATMs. Its network is considered the largest in the world.

    According to Coin ATM Radar , on September 14, the total number of bitcoin ATMs around the world is 5,585. Since January 1, 2016, this figure has grown by more than 1100%.

    Coin ATM Radar Data

    Recall, according to forecasts, by 2024, the average annual growth rate of the global cryptocurrency market will increase by almost 47% and reach $ 183.7 million.

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