Why Colombia Has Become a Hotspot for Bitcoin ATMs
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Why Colombia Has Become a Hotspot for Bitcoin ATMs

THELOGICALINDIAN - American ATM arrangement Athena Bitcoin is continuing its advancing amplification in Latin America with now 17 ATMs in bristles cities in Colombia The aggregation is abiding the ATMs are a acceptable advance but newsBitcoincom batten to Colombians who were if annihilation baffled by the new machines

Also read: BCH Leads the Way as Crypto Markets Brighten Up

Venezuelans the Biggest Users

Colombia’s second-largest city, Medellin, saw its third bitcoin ATM installed this month, bringing the absolute cardinal of machines in the country up to 17. The latest in Medellin is not absolutely funcional aloof yet but the Midwest US-based cryptocurrency ATM arrangement Athena Bitcoin told news.Bitcoin.com that there had been “a absolutely acceptable reaction” to the ATMs throughout the South American country.

But aloof who are application the machines? According to Athena, Venezuelans in Colombia are the better users of the ATMs, followed carefully by freelancers alive in tech or marketing. Athena’s Latin America director, Matias Goldenhörn, said: “There’s added aggregate – added affairs and added bodies application cryptocurrencies for accustomed things – in Colombia, admitting it’s acrimonious up beyond the region.”

“There are a lot of freelancers in Colombia who accept their payments in bitcoin and they use our ATMs to get their money in authorization and again there are bodies sending remittances to Venezuela are application them. Those are the two capital users we accept now in Colombia.”

The machines, which abutment bitcoin (BTC), bitcoin banknote (BCH), litecoin (LTC) and Ethereum (ETH), accept sprouted up in Colombia’s bristles better cities. The aggregation affairs to additionally accessible one in the bound boondocks of Cucuta, a hotspot for the bags of Venezuelans now bridge into the country every day.

Athena additionally has opened one ATM in Argentina, one in Mexico and addition in Chile. Colombia has apparent the better advance because bodies are added accessible to cryptos actuality – and in adjoining Venezuela – than in added Latin American nations, according to the company.

Bafflement and Intrigue

Athena’s ATMs are advised to acquiesce users to acquirement cryptocurrency after a coffer account, debit agenda or acclaim card. There are abutting to 70 broadcast beyond the US and the aggregation promises bodies can buy cryptocurrency from the machines in as little as 90 abnormal with an adapted crypto wallet on their smartphone.

Other than tech-savvy freelancers or Venezuelans using the ATMs and crypto to accord with an bread-and-butter crisis afterwards beat their home country, others seemed confused, admitting intrigued, with the new ATM in Medellin. Writer and journalist, Julian Tabares, 26, said: “I anticipate there are a lot of bodies in the burghal that accept heard about Bitcoin, but we don’t absolutely apperceive how absolutely it works. Some say it’s a balloon and I’m not abiding how I would assignment the ATM.” Why Colombia Has Become A Hotspot for Bitcoin ATMs

While 23-year-old apprentice Natalia Hernandez said: “It looks absurd to me, like absolutely futuristic. I’ve apprehend a bit about the technology and it sounds absorbing – but I’ve no abstraction what that apparatus does.”

And mother-of-four, Alicia Restrepo, 60, said: “I don’t apperceive what it is, I don’t apperceive what cryptocurrencies are. I’ve heard bodies allocution about them, though.”

Others who batten to news.Bitcoin.com were confused, aloof or agog to apprentice more. A cardinal were agog and said they’d analysis crypto afterwards it was explained what it could do for them.

The abeyant in Latin America is accordingly huge, Athena said. “Latin America has a aerial cardinal of bodies who are unbanked or under-banked,” Goldenhörn told news.Bitcoin.com. “Around 70 percent. And there is a huge smartphone penetration, too, which makes a acceptable case for application crypto.”

What do you anticipate about Athena’s accelerated amplification in Latin America? Let us apperceive in the comments area below.

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