This country is setting up 1,500 ATMs to buy bitcoin and convert it into cash!

0
The world has not yet fully adopted cryptocurrency that the company is planning to set up a cryptocurrency ATM in El Salvador, a country in Central America, a representative of bitcoin ATM company Athena Bitcoin has informed. million dollars (approximately Rs 7.4 crore) to invest. Especially where residents receive remittances from abroad. Let us tell you that Athena Bitcoins will give people the opportunity to buy bitcoins or convert them into cash through their ATMs. Surely this news could prove to be the best news of the year for cryptocurrency investors in the country.

The report of the news agency Retures says that the Athena Bitcoin key clearly states that you can do things like buy bitcoins or sell them for cash using their ATM. Talking about trading, let us tell you that at the time of writing the news, the price of bitcoin in India was around 26 lakh rupees.

The report says the firm may gradually open an office to employ employees and operate in El Salvador, along with setting up about 1,500 ATMs. If you are wondering how it is possible to convert cryptocurrencies into cash through ATMs in the country, El Salvador this month became the first country to adopt Bitcoin as legal tender. However, the move will be effective in September 2021.

Matias Goldenhörn, the firm’s director of Latin America operations, says that the company has been ordered by the country’s President Nayib Bukele to install 1,500 ATMs and being a private company, he assures to do this work properly in the country.

A year ago Athena installed its first cryptocurrency ATM in El Zonte Beach in El Salvador, which is located about 49 kilometers southwest of the capital, San Salvador. It was established as part of an experiment called Bitcoin Beach with the aim of making the city one of the first bitcoin economies in the world.

Download the Gadgets 360 Android app and follow us on Google News for the latest tech news, smartphone reviews and exclusive offers on popular mobile phones.

Related news

.

Leave A Reply

Please enter your comment!
Please enter your name here