Genesis is considering making an equity investment in cryptocurrency ATM operator Coin Cloud and has previously loaned it approximately $100 million
ChainCatcher news, according to Bloomberg, cryptocurrency ATM operator Coin Cloud has been seeking additional funding support from Genesis. According to informed sources, Genesis has so far provided Coin Cloud with approximately $100 million in unsecured loans.
To further support Coin Cloud, the two parties have recently had discussions, and Genesis is also considering making an equity investment in it. It is reported that the Las Vegas-based cryptocurrency ATM operator Coin Cloud has over 4,000 devices in the United States and Brazil. (Source link)
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