Making Crypto a Bigger Part of the Mainstream Financial Fabric

The human arsenal might be expansive beyond all known limits, but it still hasn’t possessed anything more significant than that tendency of ours to grow on a consistent basis. We say this partly because the stated mindset has fetched us some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, centered on its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown to become a lot more evident in recent times, and assuming a new cryptocurrency-related development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Coinme, a leading cryptocurrency cash exchange in the US, has officially expanded its ATM network, adding more than 22,000 new ATMs via the company’s API-driven Coinme-as-a-Service (CaaS) offering. According to certain reports, these ATMs are designed to facilitate instant sale of crypto for cash, and it does so in exchange of a flat fee worth $2.50. Talk about how the whole thing works from a more actionable standpoint, the user must begin the process by downloading the Coinme app on their iOS or Android device. Next up, they would need to create an account and choose the amount of crypto they want to sell. Mind you, there is a cap on the sale you can generate per individual transaction and throughout a single day, with the limit being $400 and $2,000 respectively. However, the stated numbers may vary as per the location. Anyway, once you have zeroed in on a specific amount, the app will issue you a cash code, which the user must enter, alongside their phone number, at the nearest participating ATM before collecting their cash. Coinme is able to accept, at the moment, Bitcoin, Chainlink, Dogecoin, Ethereum, Litecoin, Lumens, Polygon, and USD Coin. As for where it typically places the ATMs, the locations include grocery stores, pharmacies, convenience stores, and other related outlets.

“Interoperability between cash and crypto is essential for the continued widespread adoption of digital currencies. Now nearly anyone in the United States can convert crypto to cash and pay for everyday goods and services. Enabling instant crypto-to-cash services, without the need for a bank account or debit card, increases the utility of crypto for the entire ecosystem,” said Neil Bergquist, co-founder and CEO of Coinme. “Adding thousands of additional crypto-to-cash offramps to our network makes the digital currency ecosystem more accessible and inclusive.”

Founded in 2014, Coinme has risen to become the world’s largest cash exchange. This is reinforced by the fact that it is currently present at more than 40,000 physical locations. Apart from its ATM network, the company delivers value through a wider Coinme-as-a-Service (CaaS) offering which provides an enterprise-grade API to “crypto-enable” digital and physical financial infrastructure, and therefore, make them a better fit in what is a completely new era for the sector.