XRP Heading to Thousands of Crypto ATMs After New Investment From Ripple

Ripple’s fundraising and development arm Xpring has invested $1.5 million in the Seattle-based crypto ATM company Coinme.

Coinme operates 2,583 crypto ATMs around the world and bills itself as the largest Bitcoin kiosk network on earth.

The head of Xpring, Ethan Beard, says he’s looking forward to seeing XRP debut on the company’s line of ATMs.

Ripple says the move into crypto kiosk technology is key to the expansion of the ecosystem, according to a press release.

“This is the kind of infrastructure we at Xpring want to support as it aligns with our mission to advance the proliferation and adoption of cryptocurrencies, such as XRP, to solve real-world problems.

This is Xpring’s first investment in the cryptocurrency kiosk industry. The funds will be used to obtain additional licenses to operate nationwide and expand to key international markets.”

Ripple has invested more than half a billion dollars in companies building on blockchain technology through Xpring.

Xpring is also allocating funds to create tools that will help developers build on the XRP ledger.

[the_ad id=”66406″]

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post XRP Heading to Thousands of Crypto ATMs After New Investment From Ripple appeared first on The Daily Hodl.