Investment

Coinsquare buys majority stake in Just Cash in bid to make world’s ATMs crypto-friendly

July 4, 2019, 10:32AM EDT

Cryptocurrency trading platform Coinsquare is making a bid to make digital assets more accessible. 

Coinsquare has announced it has made a controlling investment in software provider Just Cash, whose tech will allow any ATM to sell cryptocurrency. The software does not disrupt the ATM network, no hardware changes are required and there are no additional costs to the operator.

Coinsquare CEO Cole Diamond believes crypto-friendly ATMs are key to making digital assets accessible to the masses. 

“Right now, there is a lack of mainstream cryptocurrency adoption because most people are intimidated by the process to acquire it,” said Diamond. “By using the millions of existing ATMs around the world, we can now bridge the gap and give new users the easiest and most familiar experience to purchase cryptocurrency.”

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