Dogecoin Bounds Onto 1,800 ATMs in the US
CoinFlip told CoinDesk DOGE has become a symbol of the small retail investor.
Fans of the popular canine-themed cryptocurrency dogecoin can now make purchases at 1,800 ATM locations in the U.S.
According to a Tuesday tweet by ATM provider CoinFlip, DOGE can now be purchased with cash across its network, as the company makes the most of DOGE's surging popularity.
DOGE was launched in 2013 and quickly grew in popularity thanks to its cute Shiba Inu logo and meme-loving community.
More recently, it has been endorsed by big names including Elon Musk, Snoop Dogg and rocker Gene Simmons – with prices soaring as a result. DOGE has also been wrapped up in the recent "meme trading" craze that saw social media groups pump stocks such as GameStop (GME).
"CoinFlip has always been about the small business and retail customers, and with recent events, dogecoin has paradigm-shifted itself into more than just a meme coin, it has become a symbol of the small league investors," a spokesperson for CoinFlip told CoinDesk via email.
The firm's network has rapidly expanded from around 451 machines in February 2020 to around 1,800 today. The company told CoinDesk it intends to grow that number to over 4,000 by year's end.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.