October 5, 2020
Companies Find Synergy in Focus on Expanding Access to Crypto with Convenience and a Straight-Forward User Experience
Chicago – October 5th, 2020 – CoinFlip, the leading Bitcoin ATM operator globally, and Wallet of Satoshi today announced a partnership to list CoinFlip’s network of Bitcoin ATMs, accessible through the wallet’s convenient in-app map. Wallet of Satoshi is the world’s simplest Bitcoin wallet offering lightning transactions. Together, they will work to grow crypto access for everyone, no matter their financial status and without the knowledge needed to transact on traditional crypto onramps, such as exchanges.
“Bitcoin ATMs are a fast and convenient option to turn cash into Bitcoin, Ethereum, Litecoin, and other cryptocurrencies,” said Daniel Polotsky, CEO and Founder of CoinFlip. “Now, through our partnership with Wallet of Satoshi, users can easily find an easy-to-use CoinFlip ATM near them nationwide with 24/7 customer service and support.”
Wallet of Satoshi is a mobile app for iOS and Android that lets users send and receive Lightning payments. The wallet is zero-configuration and custodial with a focus on simplicity and the best possible user experience. You can also pay a Lightning Invoice or send directly to an on-chain Bitcoin address. Wallet of Satoshi is available for download using the links at https://www.walletofsatoshi.com/.
“With the Wallet of Satoshi and CoinFlip partnership, almost anyone can participate in the Bitcoin economy quickly and seamlessly,” said Daniel Alexiuc, CEO of Wallet of Satoshi. “Our respective user interfaces make onboarding and adoption of crypto easy, even for those who aren’t tech-savvy or who have never held or transacted in Bitcoin and other cryptocurrencies before.”
Wallet of Satoshi has listed the entire CoinFlip ATM network on its in-app map. At the same time, CoinFlip will promote Wallet of Satoshi at each of its ATMs to make the buying, selling, and storing of crypto easy and convenient. With more than 25,000 regular users globally and over 500,000 payments facilitated in the last 20 months, CoinFlip is on track to climb to 1,300 terminals placed by the end of 2020. Each ATM offers the ability to purchase many popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Focused on giving people, especially those shut out of the traditional financial system, options to grow their wealth, CoinFlip will continue to bring crypto to new frontiers to grow and popularize decentralized currency.
In 2015, CoinFlip was founded in Chicago and launched its Bitcoin ATMs to transform the cash-to-crypto market. CoinFlip cut the typical transaction fees by more than half, created an incredibly simple customer experience, and introduced 24/7 customer support that has since become the industry standard.
Today, CoinFlip is the leading Bitcoin ATM operator globally, with over 1000 machines across 41 states and support for nine major cryptocurrencies. CoinFlip’s goal is to advance crypto adoption, accessibility and liquidity to support communities, like the underbanked, who need it most.
CoinFlip’s ATMs are on the frontline of a financial revolution, where bitcoin and blockchain technology can empower those who have been left behind by legacy institutions. Bitcoin and blockchain are our opportunities to create a better financial system.
About Wallet of Satoshi:
Wallet of Satoshi is a zero-configuration custodial Bitcoin wallet with a focus on simplicity and the best possible user experience. Created by the founders of industry-leading Australian payments processor Living Room of Satoshi, Wallet of Satoshi is a mobile app for iOS and Android that lets users send and receive Bitcoin and Lightning Network payments. With more than 11,000 regular users globally and over 350,000 payments facilitated in the last 18 months, Australians can now finally Buy Bitcoin with confidence. Find out more at www.walletofsatoshi.com.