CoinFlip Bitcoin ATMs in Mexico

Restaurants, convenience stores, and local coffee shop owners across Mexico City have noticed an increase in appetite and it’s not just for tacos or horchata – their customers are hungry for crypto. 

According to a 2023 report by Chainalysis, Latin America has the seventh-largest crypto economy in the world with Mexico ranking #16 in the Global Crypto Adoption Index. In 2023 alone, Mexico’s crypto adoption was up 18% year over year but currently only 14% of residents report ownership. 

CoinFlip recently expanded its digital currency kiosks (also referred to as “Bitcoin ATMs) to Mexico, offering Mexicans a simple and secure way to buy and sell cryptocurrency with cash. The company operates more than 5,000 kiosks across 49 U.S. States, Puerto Rico, Canada, Australia, New Zealand, South Africa, Italy, Panama, Brazil, and now Mexico, marking the company’s eighth international market outside of the United States. 

Why Mexico?

The vibrant population of Mexico is embracing the world of cryptocurrency, demonstrating a keen interest in exploring and capitalizing on the benefits of digital assets. The country exemplifies a forward-thinking approach to exploring alternatives to traditional banking, and with its growing adoption rate and significant presence in the Latin American crypto scene, Mexico stands out as a key player in the evolution of finance.  

Entering this promising market felt like a natural next step for CoinFlip’s international expansion efforts. The company’s kiosks provide everyday consumers in Mexico with a familiar and secure onramp to cryptocurrency at convenient locations in the heart of their communities, helping customers realize the benefits of cryptocurrency such as enabling residents to combat inflation, build wealth, and easily send or receive money from overseas.  

In addition to its kiosks, CoinFlip wanted to make managing cryptocurrencies even easier by launching its CoinFlip App, now available on both Android and iOS in Mexico. The app helps users create a non-custodial cryptocurrency wallet on the blockchain. Once a user has created a wallet, the app allows them to securely send and receive international transfers with friends and family anywhere in the world, check their balances, and easily find CoinFlip ATMs throughout Mexico. 

 Everyone Deserves a Safe and Secure Onramp to the Digital Economy

CoinFlip is laser-focused on providing a secure physical platform for our customers to buy and sell digital currency. The company’s founders believe that all consumers should have an accessible, secure, and simple way to participate in the growing digital currency economy and that enabling safe access to digital currencies will foster the development of a more inclusive, stable, and equitable global financial system for consumers.   

CoinFlip prioritizes consumer protection and legal compliance in all its products and services through annual risk assessments, implementing Anti Money Laundering (AML) programs with robust Know Your Customer (KYC) requirements, industry-leading third-party blockchain analytics, and rigorous adherence to local and national laws. Sounds like an extensive list, right? When it comes to consumer safety, CoinFlip believes it should be.  

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