Athena Bitcoin installs 1,500 Bitcoin ATMs in El Salvador as BTC becomes legal tender – News Bitcoin News

Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 Bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines on a trial basis. El Salvador President Nayib Bukele wants 1,500 Bitcoin ATMs to be installed, and Athena Bitcoin said, “We’ll do that, but in phases.”

  • Athena Bitcoin said Thursday that it plans to invest over $ 1 million in installing cryptocurrency ATMs in El Salvador, particularly where residents receive remittances from abroad, Reuters reported, citing a company official.
  • The company expects to gradually install around 1,500 ATMs, hire staff and open an office to conduct operations in El Salvador.
  • Matias Goldenhörn, Director of Athena Bitcoin for Latin America, was quoted by the publication as saying that the President of El Salvador, Nayib Bukele, “gave us a tough challenge of 1,500 ATMs, we will tackle it, but in phases “.
  • “We are a private company and want to ensure that our development in the country is sustainable,” added Goldenhörn:

First we will bring dozens of machines with us, test what the business model looks like in El Salvador, which will probably be different from the US.

  • Athena Bitcoin installed its first cryptocurrency ATM on El Zonte Beach in El Salvador about a year ago. It was part of an experiment called Bitcoin Beach with the aim of making the city one of the first Bitcoin economies in the world.
  • El Salvador passed a law earlier this month making Bitcoin legal tender. The law will come into force on September 7th. President Bukele unveiled the country’s official wallet application and a bitcoin giveaway on Thursday.
  • This week, Bitcoin ATM provider Chainbytes also announced it was installing Bitcoin ATMs in El Salvador. The company is building a production center in the country.

What do you think of Athena Bitcoin planning to install 1,500 Bitcoin ATMs in El Salvador? Let us know in the comment section below.

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source https://bidsfor.me/athena-bitcoin-installs-1500-bitcoin-atms-in-el-salvador-as-btc-becomes-legal-tender-news-bitcoin-news/

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