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Helpless Argentine Peso Drives Boost in Number of Crypto ATMs

Published 10/04/2018, 10:34 AM
Updated 10/04/2018, 11:41 AM
 Helpless Argentine Peso Drives Boost in Number of Crypto ATMs
BTC/USD
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Argentina might add 30 cryptocurrency ATMs by the end of 2018, Reuters reports, citing industry representatives. More Argentines are turning to cryptocurrencies like Bitcoin as the country is hit by an economic crisis. The fiat currency, the Peso, lost about 45% in August and September of this year. In fact, the first crypto ATM in Argentina was launched only last month in a Buenos Aires mall by US-based firm Athena Bitcoin.

As of today, companies specializing in cryptocurrency ATMs are seeing Argentina as an ideal market for their expansion. Another US company, Odyssey Group, said that it planned to install 15...


This article appeared first on Cryptovest

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