Crypto ATMs Become Popular In Colombia
Athena Bitcoin, an American crypto ATM network, has installed 17 devices in Colombia, thus continuing to expand its operations in Latin America, Bitcoin.com reports.
The company representatives are confident that crypto ATMs are an excellent investment object. The third crypto terminal was installed in Medellin, the second largest city of Colombia, in December 2018. Thus, their total number in the country rose to 17.
It is noteworthy that the main users of crypto ATMs are residents of Venezuela and freelancers working in the field of technology and marketing.
There is a large number of free workers who receive payment in bitcoins in Colombia. They use ATMs to exchange fiat money for cryptocurrencies, Matias Goldenhörn, Athena's head of the Latin America division, explains. The second category of users is Venezuelans who send home remittances.
Crypto ATMs support bitcoin, ether, and Litecoin. Currently, they are installed in five cities of the country, but the devices will also appear in Cucuta soon, on the border with Venezuela.
Apart from Colombia, the company's crypto ATMs are installed in Argentina, Chile, and Mexico. In the United States, there are about 70 devices owned by Athena Bitcoin. The company plans to raise $15 million during the financing round and use these funds to place hundreds of crypto ATMs in Latin America.
As previously reported, two Russian companies launched a web service with a map of crypto ATMs.