CoinFlip, a Bitcoin ATM provider, has added the Aave token to its 2,500 ATM network. Aave is a token, built on the Ethereum blockchain for loans and borrowing crypto assets, according to a press release.
Users that purchase Aave can also participate in Aave protocol’s governance, which allows users to lend and borrow in more than 25 different cryptocurrencies. The customers can vote on changes in the protocol and receive reduced fees when borrowing cryptocurrency.
“The burdens of the financial system go beyond equitable access to checking and savings accounts or even physical banking and ATM locations; access to financial tools such as loans impact unbanked and underbanked individuals’ ability to fully participate in the economy,” Ben Weiss, CEO and co-founder of CoinFlip, said in the release. “The idea that our customers can now invest early in one of the largest decentralized projects on the market is a major step forward in our mission to make cryptocurrency more accessible to people everywhere.