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CryptoSouth Africa

CoinFlip Installs Crypto ATMs in South Africa

CoinFlip has extended its operations to include its over-the-counter digital order desk service with the installation of nine cryptocurrency ATMs across the provinces of KwaZulu-Natal and Gauteng, South Africa. Crypto

In terms of volume, CoinFlip has the largest network of Bitcoin ATMs in the US, which is also the country with the most installations of cryptocurrency ATMs (88% of all installations globally).

Since 2022, the company has expanded into nations like Canada, Australia, New Zealand, Italy, Panama, and Brazil, adding to its current worldwide network of 4,500 bitcoin kiosks.

A CoinFlip crypto ATM can be used to buy the following coins, according to the company’s website:

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Aave (AAVE)
  • Stellar Lumens (XLM)
  • Chainlink (LINK)
  • USD Coin (USDC)

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The following coins can be sold at a CoinFlip Bitcoin ATM:

  • Bitcoin (BTC)
  • Litecoin (LTC)

At the moment, the ATMs only take cash. To make an online purchase using a credit or debit card, use the Olliv online platform.

South Africa, with 7.7 million cryptocurrency holders, has one of the highest rates of cryptocurrency adoption on the continent. It is expected that Coinflip’s Olliv entry into the country will contribute to this trend. CoinFlip Crypto ATMs South Africa

Digital currencies can be incorporated into regular financial transactions more quickly and easily if accessible access points such as kiosks are readily available.

In addition, the business plans to operate its in-person digital ordering service at the site in addition to the kiosks. This is referred to as an over-the-counter (OTC) digital order desk service that high-net-worth individuals and institutional investors can use to execute sizable cryptocurrency transactions.

It aims to meet the unique needs of institutional investors and high-net-worth people who might need more specialized support or higher transaction volumes. CoinFlip Crypto ATMs South Africa

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