Dogecoin now available in 1,800 ATMs across U.S.
02 Mar 2021
The Dogecoin cryptocurrency is now able to be accessed via 1,800 ATMs across the United States.
Bitcoin ATM provider Coinflip announced the support for Dogecoin, with CEO and co-founder, Daniel Polotsky accrediting the move to DOGE’s latest “popularity and recent mass adoption.”
Last month, the price of the cryptocurrency increased 25% within a matter of minutes as the founder of Tesla and SpaceX, Elon Musk posted an image of a rocket going to the moon on Twitter, adding “Doge” in the comments.
Then 48 hours later, Musk tweeted a survey that asked whether Dogecoin would be the earth’s future currency, to which 71.3% of the 2.4 million respondents said yes.
The move sparked massive interest across the globe, resulting in other high-profile celebs such as American rapper Snoop Dogg and Kiss rock star Gene Simmons to also endorse the cryptocurrency.
In addition, the owner of NBA Dallas Mavericks, Mark Cuban told Forbes last month that Dogecoin’s headline-grabbing attention is “not a bad look” for the industry.
He stated: “[DOGE] gives you a better chance of winning than a lottery ticket all while teaching the economics of supply and demand and introducing people to crypto asserts. I truly love it as the lowest cost economics teaching tool available that entertains at the same time.”
Within the first fortnight of February, the price of Dogecoin rose nearly 200% from $0.03 to just under $0.09. Since then, it has gradually consolidated near $0.05, Cointelegraph reports.
Coinflip has reported skyrocketing demand over the past year, with revenue increasing more than threefold as the company increased its ATMs in the U.S. from 441 to around 1,800 since January last year.
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