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CoinFlip Adds Support for Stellar XLM to Its 450 Crypto ATMs
Crypto ATM startup CoinFlip has added Stellar Lumens (XLM) to its network of 450 machines.
Cryptocurrency ATM startup CoinFlip now allows customers to purchase Stellar Lumens (XLM) from its network of machines, according to co-founder and CEO Daniel Polotsky.
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The listing increases XLM’s availability in bricks-and-mortar stores, Polotsky said. CoinFlip operates about 450 ATMs in gas stations and convenience stores across the United States, allowing customers to buy a variety of cryptocurrencies with credit cards.
It also runs 40 two-way ATM locations where users can sell their crypto for hard cash USD.
CoinFlip ATMs already offer customers access to bitcoin (BTC), litecoin (LTC), ether (ETH), dash (DASH), komodo (KMD), chainlink (LINK) and tron (TRX). Polotsky said XLM’s high daily liquidity and market prominence – plus his customers’ requests – prompted him to list the token.
CoinFlip plans to continue adding coins as it rapidly expands its own ATM network, which already has clearance to run in over 40 states, according to Polotsky.
“We’re trying to push out 20 [ATMs] a week,” he said.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
