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Bitcoin ATM Operator CoinFlip Expands in Illinois
Summary: One of the fastest growing Bitcoin ATM operators CoinFlip is expanding in Illinois. The company was got money from the state to make a long-term commitment to stay in Illinois and make $17 million in capital investments in return for nearly $1.7 million in economic tax credits. CoinFlip, which operates 2,700 ATMs around the country, ...
One of the fastest growing Bitcoin ATM operators CoinFlip is expanding in Illinois. The company was got money from the state to make a long-term commitment to stay in Illinois and make $17 million in capital investments in return for nearly $1.7 million in economic tax credits.
CoinFlip, which operates 2,700 ATMs around the country, is moving into the old Post Office in Chicago. The company was founded in 2015 and has nearly 200 employees with plans to add more by the end of next year.
The company generated $50 million in revenue from transaction fees last year, a number that is expected to double this year, CEO Ben Weiss said.
By Amy Liu
Tags: Bitcoin ATM,CoinFlip,Illinois
Link: Bitcoin ATM Operator CoinFlip Expands in Illinois [Copy]
