Chicago, IL, Sept. 12, 2024 (GLOBE NEWSWIRE) — Virtual Assets, LLC, operating as Crypto Dispensers, a cryptocurrency company dedicated to creating onramps for Bitcoin and other cryptocurrencies, is excited to announce its conversion from an LLC to a C Corporation. This strategic transition aligns with the company’s preparation for a $5 million Series A fundraising round, set at a $25 million valuation.
Since its inception on September 12th, 2017, Crypto Dispensers has evolved from operating Bitcoin ATMs to becoming a crucial onramp in the cryptocurrency space. Starting with physical Bitcoin ATM kiosks that allowed users to buy crypto with cash, the company saw firsthand the limitations and high costs associated with scaling them.
This led to their creation of CDReload, a cash-to-crypto solution that eliminates the need for physical ATMs, allowing users to fund their Crypto Dispensers accounts with cash at over 16,000 retail locations nationwide—essentially putting
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