• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

CoinFlip Deploys Crypto ATMs in Mexico, Reaching a New Market

user avatar

by Giorgi Kostiuk

a year ago

  1. CoinFlip's Expansion into Mexico
  2. Management Opinions and Company Plans
  3. Crypto ATM Market and Current Trends


    4. United States-based cryptocurrency ATM provider CoinFlip has expanded to Mexico as part of its global expansion plans. According to a press release, CoinFlip has deployed its cryptocurrency ATMs across 20 locations in Mexico City, targeting high-traffic areas like shopping centers and coffee shops.

    CoinFlip's Expansion into Mexico

    CoinFlip has announced the launch of its crypto ATMs in Mexico, making this payment method available in another Latin American country. According to the press release, 20 crypto ATMs have been installed in various locations in Mexico City, including shopping centers and cafes.

    Management Opinions and Company Plans

    "CoinFlip CEO Ben Weiss described the move as the "next logical step" for the company. He emphasized that it would provide Mexicans with a convenient, secure, and easy way to access cryptocurrencies. CoinFlip already operates in Canada, Australia, New Zealand, South Africa, Italy, Panama, and Brazil.

    Crypto ATM Market and Current Trends

    According to Coinatmradar, CoinFlip ranks as the second-largest provider of crypto ATMs with over 5,200 deployed machines worldwide. However, CoinFlip ranks first in transaction volume. Over the past year, the total number of crypto ATMs has decreased from 40,000 to 38,789, coinciding with a rise in scams and increased regulatory attention.

    CoinFlip's expansion into the Mexican crypto ATM market underscores the importance of Latin America in the global cryptocurrency ecosystem, showing the company's commitment to providing convenient tools for cryptocurrency transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

High Leverage in CFD Trading: Risks and Warnings

chest

The use of high leverage in CFD trading poses significant risks, with many retail investors facing substantial losses.

user avatarRajesh Kumar

Upbit Delists Rally (RLY) Amid Viability Concerns

chest

South Korean cryptocurrency exchange Upbit has decided to delist Rally (RLY) on December 22, 2023, due to serious concerns about the token's long-term viability.

user avatarGustavo Mendoza

Traders Urged to Reassess Risk Management After Liquidation Event

chest

Traders are urged to reassess risk management strategies after a massive liquidation event that wiped out $930 million, highlighting the importance of cautious trading during market volatility.

user avatarMiguel Rodriguez

Mapping Risk Concentration at Central Counterparties

chest

The shift to mandatory central clearing has created a new risk concentration at a few systemically critical Central Counterparties (CCPs).

user avatarJesper Sørensen

Monitoring Predictive Signals in FX Options Flow

chest

FX options volume serves as a significant predictor of future exchange rate movements, particularly when analyzing dealer-client flows.

user avatarRajesh Kumar

X Introduces Country Labels to Combat Misinformation

chest

X, formerly known as Twitter, has introduced country labels on user profiles to improve transparency and combat misinformation.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.