Ripple, through its subsidiary Xpring, which specializes in investing and developing innovative projects in the field of remittances, has invested and led a $1.5 million investment round for Coinme.

Coinme is a startup that specializes in making and distributing cryptocurrency ATMs across the world.

Coinme’s Series A-1 investment round raised $1.5 million from investments in which he participated:

Xpring and Blockchain Fund

Coinme is trying to raise $ 11.8 million with the aim of obtaining new licenses and expanding its presence and targeting certain geographical regions such as the United States of America and other countries, and the company will work to continuously improve its features and also plans to integrate its main features into its online portfolio.

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Coinme is the world’s largest network of Bitcoin ATMs.

They have more than 2,600 booths in the USA alone.

Coinme was established in 2014 and has entered the European market and the Central and South American market.

It is the first time for Xpring to invest in a company that offers Bitcoin kiosk and ATM business, as most of its investments are in the field of decentralized finance, interoperability and crypto-based payments.

stated Mr. Ethan Bird, Senior Vice President at Ripple, will:

Coinme’s efforts are significant and are going in a new way and could make cryptocurrency adoption mainstream so that ordinary people can access cryptocurrencies easily.

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