Bitcoin of America adds Dogecoin to ATMs

Bitcoin of America, a money services business and popular FinCEN-registered virtual currency exchange, has added Dogecoin to their Bitcoin ATMs (BTMs), PR News Wire reported in a press release. Dogecoin is currently available at all Bitcoin of America ATM locations.

Thousands of BTMs in 31 states  

Bitcoin of America has more than 1800 BTMs across 31 states. Recognizing the rising popularity of Dogecoin, they decided it was time to include it in their platform. The business added Ethereum in October 2021.

Bitcoin of America also offers Bitcoin and Litecoin options at their BTMs and online. You will find the closest one to you by visiting their website and entering your address.

Introducing the Universal Kiosk

The virtual currency exchange has upgraded its machines and services several times over the past year.

In May 2021, they launched their new Universal Kiosk, which combines the functions of a Bitcoin ATM and a traditional ATM. It has three main functions.

You can buy crypto with cash and sell it for cash. There is also the conventional function of dispensing cash from a debit card.

Store owners can earn extra income

Store owners who want to earn extra income or have an interest in crypto can take advantage of Bitcoin of America’s host program. The company provides them with increased foot traffic, passive income, and marketing. It can also take care of customer support, installation, and maintenance.

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Polkadot parachains launch a $250M ecosystem fund

  • The aUSD Ecosystem Fund brings together several Polkadot parachains, including Manta Network and Acala.

  • Together, the projects seek to support early-stage startups promoting the adoption of Pollkadot’s native stablecoin, Acala USD

  • aUSD, the main product on the Acala chain, is a decentralised, multi-collateral stablecoin backed by crypto.

Manta Network, Acala and seven other Polkadot parachain have teamed up to launch a $250 million ecosystem fund targeted at supporting stablecoin use on Polkadot and Kusama parachains.

Dubbed ‘aUSD Ecosystem Fund’, the financial initiative is set to help early-stage startups in the Polkadot and Kusama ecosystem build strong projects that support the adoption of native stablecoins.

Interoperability benefits the whole Polkadot ecosystem

Apart from Manta and Acala, other parachain teams to contribute to the fund are asset financing protocol Centrifuge, NFT and gaming platform Efinity, WASM + EVM hub Astar Network and Ethereum interoperability protocol Moonbeam. 

Others are DEX chain HydraDX, DeFi multichain Parallel and predictions marketplace Zeitgeist.

Manta Network co-founder Kenny Li, commenting on the importance of the fund to the Polkadot and Kusama ecosystems, said:

“We’re excited to be supporting the aUSD Ecosystem Fund and look forward to integrating privacy into the emerging use cases and projects coming out of it. With Polkadot’s native interoperability, every new idea launching in the ecosystem is another value add to all parachains‚ “. 

DEXs and DAOs among targeted projects

The fund is open to startups with Solidity or Substrate-based applications, including payment solutions, money markets, decentralised exchanges (DEXs), derivatives, DAOs, and asset managers among others.

The parachain teams are confident cross-chain activity in the Polkadot ecosystem will push aUSD into broader adoption, benefitting all the parachains in the process. 

Acala Network, Moonbeam, Astar and Parallel are scheduled to outline their respective development milestones since onboarding on Polkadot later on Wednesday. The projects will also share future developments during the Parachains Takeover event.

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