Chainbytes Brings Bitcoin ATMs to El Salvador and Launches Manufacturing Center – Bitcoin News

Bitcoin ATM provider Chainbytes is setting up a production center for Bitcoin ATMs in El Salvador. The move follows that the country passed a law making Bitcoin legal tender. The company plans to make El Salvador the “manufacturing hub of Bitcoin ATMs for all of America”.

Bitcoin ATMs are coming to El Salvador

US-headquartered Chainbytes LLC, a bitcoin ATM operator, announced Tuesday that it is commencing operations in El Salvador, the country that recently passed law making bitcoin legal tender.

Chainbytes announced that it plans to “make El Salvador the hub of Bitcoin ATM manufacturing for all of America.” The hub will serve the company’s “operations in the LATAM, USA and Canada regions with global supply chain distribution.” The company has been serving Bitcoin ATM operators and companies looking to get into the Bitcoin ATM business since 2012.

Eric Grill, the CEO of Chainbytes, tweeted on June 21, “Excited to Bring Chainbytes Bitcoin ATMs to El Salvador”.

Chainbytes brings Bitcoin ATMs to El Salvador and starts production center

June 17th, Chainbytes tweeted: “Our Bitcoin ATMs are ready to be sent to El Salvador.”

Chainbytes brings Bitcoin ATMs to El Salvador and starts production center

Grill recently praised El Salvador for “showing the world leadership in adopting Bitcoin as a legal currency”. The CEO said: “We believe that this is positioning the country more as a technology center” and added that his company “wants to contribute to its success”. Grill continued:

Our initiative will provide all Salvadorans with the education and skilled jobs they need, which in turn will contribute to the economy and the nation.

Tuesday’s announcement said, “Chainbytes will provide services to Salvadorans who wish to operate Bitcoin ATMs in the country and work with their government, legal entities and partnerships to ensure the manufacturing center is successful and brings prosperity to the country.”

Company COO Tracy Jefferson stated that El Salvador “has free zones and service parks that will encourage more companies to work here.” She also stated that “with the sea and air hubs, it makes sense for us to not only produce machines here for Salvadorans, but also to export them throughout North and South America.”

What do you think of Chainbytes making Bitcoin ATMs in El Salvador? Let us know in the comment section below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

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