Installed in Honduras capital, First Bitcoin ATM.
BTM comes when the number of crypto adoptions in Hondura increases.
Country mulling the legal tender of Bitcoin.
In South America, Honduras, with a surge in crypto-asset interests, has installed its first ever Bitcoin ATM in Tegucigalpa.
The Honduran TGU Consulting Group has set up a Bitcoin ATM, reports Reuters. Hondurans can buy both Bitcoin and Ethereum with this machine, using Lempira local currency.
Users must scan only official identification documents and input personal information such as ATM phone numbers.
The Bitcoin ATM company in Honduras said that the aim is to provide residents with a better education via digital currencies. The machine instals.
It should be noted that Hondura is also being tipped to follow El Salvador’s footstep that Bitcoin recently passed as a lawyer in the country.
Bitcoin ATM Lunch in Honduras at the right time
The Bitcoin ATM in South American countries is at a time when people, particularly computer gurus and software developers, are increasingly used in encryption.
The machine would make Bitcoin more popular in the country, because the speculation about legalisation of the digital asset is still growing. Bitcoin ATM is now also adding to the growing worldwide installation of BTM in Honduras.
According to the previous report, this month (in August 2021), 1,200 new Bitcoin ATMs, representing approximately 47 machines every day, were installed. The new Cryptocurrency Compliance Cooperative (CCC) was created by Bitcoin ATM operators and Blockchain industry leaders, to fight money laundering by using BTM.
More American countries consider Bitcoin as their currency
In several other countries of the Continent, interest has increased since El Salvador with Bitcoin.
Argentina’s most recent President, Alberto Fernandez, said his country had been open to crypto currency adoption. He did not talk much about the subject however, but was optimistic about the idea.
Similarly, it has not been confirmed that Paraguay, Mexico and Panama also consider Bitcoin as their official currency.
In most countries of America high inflation has plunged and local currency devaluation has forced the public to hedge on cryptocurrencies.