Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador Accessing BTC is about to get a lot easier in El Salvador with the crypto ATM rollout. 4635 Total views News
U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs, a company representative has confirmed.
The rollout will start small, trialing a few dozen machines to establish a business model. The Chicago headquartered firm plans to invest more than $1 million to install cryptocurrency ATMs, targeting regions where residents receive remittances from abroad.
Along with installing the new machines it will also hire staff and open an office to carry out operations in El Salvador.
Bitcoin just cleared another hurdle. It may still stumble
In a landmark move, El Salvador has become the first country to adopt bitcoin as a legal form of payment. But there’s still tons of pressure on the cryptocurrency.
What’s happening: A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar. The law states that “all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service.”
It’s a bold move that’s likely to be cheered by bitcoin fans. But it may not help prices to stabilize, with some strategists warning the digital coin could plunge toward $20,000, where it was trading in December 2020.