A leading L2 scaling network is advancing an important ecosystem acquisition—purchasing the globally renowned Bitcoin vending machine operator Coinme. The transaction is expected to be valued between $100 million and $125 million.



As an established player in the Bitcoin ATM space, Coinme has long been engaged in offline digital asset liquidity markets. Its widespread Bitcoin vending machines provide ordinary users with convenient fiat-to-crypto exchange channels. Being integrated into a top-tier L2 network reflects the ongoing penetration of Web3 infrastructure into offline markets and also signifies the network’s ambition to build a complete ecosystem loop—from on-chain DeFi to off-chain payment gateways, with increasingly comprehensive layouts.

The completion of this acquisition marks that establishing user-friendly off-chain access points is becoming a strategic focus for mainstream L2 platforms.
BTC-0.39%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
FUDwatchervip
· 01-09 02:57
Honestly, no matter who buys into the offline ATM track, it's the same. The key is whether it can truly reach users...
View OriginalReply0
SmartContractRebelvip
· 01-09 02:57
Over 100 million USD acquired by an ATM operator, L2 is trying to compete in the offline space. But I believe in it—allowing grandparents and grandmothers to buy coins—that's the real trend. --- Wait, can they really do a good job with offline matters? Integrating on-chain and off-chain sounds easy, but there are plenty of examples of failures. --- Another all-in move, betting that off-chain payments are the future. It's interesting, but the risks are truly high. --- Coinme was acquired... Thinking about those ATMs, they are indeed quite dispersed. If they can connect with L2, this could really be a good entry point. --- It's called a "closed-loop ecosystem," but basically it's just throwing money into scene-building. How long it can last remains to be seen. --- This is what I want to see—returning from DeFi to reality, enabling ordinary people to get on board anytime, anywhere. Much more reliable than those vapor projects.
View OriginalReply0
HallucinationGrowervip
· 01-09 02:53
Over 100 million USD invested in offline ATMs, this guy is really playing the long game. --- Is Coinme being acquired? Now the on-chain and off-chain integration is really happening. I was wondering when big companies would think of this. --- Wait, 125 million USD to take over the global ATM network? Is this price a bit too aggressive? --- Laughing out loud, finally someone remembers the offline retail investors. DeFi has already been played out. --- I don't quite understand why so much money is spent on ATMs. Are users really still using this thing? --- This is the correct approach to ecosystem layout. Having only blockchain without offline access points is just nonsense. --- Is this deal a bit like paving the way for the big bull market in 2025?
View OriginalReply0
Hash_Banditvip
· 01-09 02:44
ngl coinme deal feels like the old guard finally getting it—offline ramps were always the real bottleneck, not more yield farms tbh
Reply0
HodlTheDoorvip
· 01-09 02:33
Damn, offline ATMs are starting to be integrated with L2, this is really about bridging the last mile. This move is awesome, but does it make sense to spend over 100 million dollars to acquire an ATM operator? Do those Coinme machines really have that much traffic, or is it just hype around the "access point" concept? Honestly, offline payments have always been crypto's biggest weakness, and finally a major player is taking it seriously. But I feel like it's a bit of a capital game... when will ordinary people actually be able to use it? Now, from wallets to vending machines, the ecosystem closed loop is quite interesting, it all depends on how well they execute.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)