CoinFlip, the largest Bitcoin ATM provider in the US, announced that they will add Dogecoin support to meet the market’s demand.
“It is possible to buy DOGE even in the most rural areas”
The company said that its network of more than 1,800 terminals is ready for users to buy and sell DOGE even in the country’s “most rural towns.”
Daniel Polotsky, CEO and Co-Founder of CoinFlip, said Dogecoin started out as an “internet joke”. Yet its growing popularity prompted the company to further support this cryptocurrency in the coming months.
Now that celebrities like Elon Musk, Snoop Dogg, Gene Simmons, and Kevin Jonas have approved Dogecoin, Polotsky believes it’s the right time to respond to growing demand.
Dogecoin can be purchased from ATMs in 45 of 50 states
CoinFlip tripled the size of the Bitcoin ATM network last year, with terminals in 45 of the 50 states in the United States. As the firm made cryptocurrencies easy and accessible to a wider audience, revenues also grew by 360%.
Given the success of CoinFlip, the recent addition of Dogecoin could be an important catalyst for its adoption.
The developers behind DOGE realized that the protocol design needed to be further improved to keep the momentum it had seen since the beginning of the year.
After Dogecoin releases a new version of the client core, lead developer Ross Nicoll believes the network is up and running and DOGE is ready to be used as a form of payment.