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

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

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The world has not yet fully embraced 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 be invested. Especially where residents receive remittances from abroad. Let us tell you that Athena Bitcoin will give people the opportunity to buy bitcoins or convert them into cash through their ATMs. This news could surely prove to be the best news of the year for the cryptocurrency investors in the country.

Athena Bitcoin Keys explicitly states that you can use their ATMs to do things like buy bitcoins or sell them for cash, reports news agency Riches. Talking about trading, let us tell you that till the time of writing the news, the price of bitcoin in India was around 26 lakh rupees.

The report said the firm may gradually open an office to install about 1,500 ATMs as well as employ employees and work in El Salvador. In case you are wondering how it is possible to convert cryptocurrencies to cash via ATMs in the country, El Salvador this month became the first country to adopt bitcoin as legal tender. However, the move will be effective from September 2021.

Mattias Goldenhorn, 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 is assured of doing the job properly in the country. gives.

A year ago, Athena installed its first cryptocurrency ATM in El Zonte Beach in El Salvador, 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.

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