LYNN, Mass., 02 March 2021 (GLOBE NEWSWIRE) – CoinMover, a US Bitcoin ATM kiosk company, is working for the first time to secure external funds to accelerate the expansion of its kiosk locations.
With profitable operations in three states today, CoinMover is ready to scale its model nationwide. After taking advantage of some existing partnerships, they are ready to do so quickly in 49 out of 50 states.
“CoinMover hopes to raise $ 5 million from external investors this spring. We are excited about how this will help us grow in 2021,” said co-founder and CEO Jim Murray.
As the global market value of digital currency will reach billions of dollars this year, demand for CoinMover’s services has seen double-digit growth between months.
“Since our footprint expanded in 2020, CoinMover’s 82% growth during a global pandemic combined with a 5x increase in revenue to $ 12.5 million is proof of the future potential of the cryptocurrency market,” said Mike Scanlan, Founder and Chief Technology Officer.
To learn more about CoinMover’s capital increase and to see the updated business plan, contact [email protected].
Contact Raquel Heras for media questions.
CoinMover was founded in 2018 in Lynn, MA. Its platform enables customers to exchange traditional cash for digital currency at any of their kiosks in highly accessible stores. CoinMover’s kiosk can exchange cash for one of the four best digital currencies: Bitcoin, Ethereum, Litecoin and Dash.
Media contact: Raquel Heras