Major crypto ATM operator CoinFlip now allows their customers to buy Stellar Lumens (XLM) at their network of machines, CEO and co-founder of CoinFlip Daniel Polotsky says.
This means XLM is going to be more available in physical stores, also mentioned Polotsky. CoinFlip has around 450 ATMs in convenience stores and gas stations all over the US. These machines allow customers to buy some of the available cryptocurrencies just by using their credit or debits cards. In 40 locations, CoinFlip has ATMs that allow the crypto to be sold for USD cash.
Most Important Cryptocurrencies Already Supported by CoinFlip
The CoinFlip ATMs were already offering access to Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Komodo (KMD), Tron (TRX), Chainlink (LINK) and Dash (DASH). Polotsky said XLM has been demanded by customers, also that it has a good market prominence and a high liquidity every day, so this was convincing enough for CoinFlip to adopt it. The startup is planning to continue adding coins, seeing it’s rapidly expanding its network of ATMs, which is already clear to function in more than 40 states. This is what Polotsky said about what being done at the moment at CoinFlip:
“We’re trying to push out 20 [ATMs] a week.”
No KYC Verification Up to $900
Sam Conner, one of the biggest XLM supporters wrote on his Twitter about the benefits CoinFlip offers. He said users are now able to connect via the CoinFlip platform to their Ledger hardware wallet. It was also mentioned that buying at CoinFlip ATMs doesn’t need any Know Your Customer (KYC) knowledge for up to $900, so it allows anonymous buys.
If CoinFlip continues to expand at this rate, it can become the #1 crypto ATM operator in the US, seeing CoinCloud has 418 machines at the moment, while Coinsource and RockItCoin 272 and respectively 251.