Mexico's First Bitcoin ATMs Will Also Deal in Altcoins
The Mexican border town of Tijuana is to see the launch of two digital currency-toting ATMs on Thursday or Friday of this week, and with an interesting twist - in addition to the expected provision of bitcoin, the ATMs will support litecoin and dogecoin too. Tijuana is a popular spot for US tourists, including many geeky and potentially bitcoin-friendly college kids who venture south of the border to let their hair down. What happens in Tijuana stays in Tijuana, they say, apart from some less than legal 'souvenirs' that sometimes find their way back to the US. The company launching the....
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Mexico is slated to get it's first two bitcoin ATMs on the week of Monday, March 16th in Tijuana - just below the border from San Diego, California. Operated by start-up Bitcoin42, the two-way ATMs are the first in Mexico, but also take the title of being the world's first litecoin and dogecoin ATMs. "With [the ATMs], customers will also be able to buy a limited amount of Litecoins and Dogecoins," the statement read on the Bitcointalk forum. One of the devices will accept Mexican pesos, the other will accept U. S. Dollars. The ATM units (which Bitcoin42 has not yet shown off) are to be....
In December 2015, it was announced that Lamassu had struck a deal with Dash that meant that it will offer Dash along with Bitcoin as an alternative coin in all its BTMs. Are they needed? CoinTelegraph decided to conduct a survey of BTM owners to know their opinion on whether BTM companies should offer altcoins in their ATMs? If they ever tried it, what was the user response like? Eric Grill, the founder of CoinOutlet Inc. said: “I think it’s a great idea if there is a demand for it, We have not seen any demand for it. Blockchain ATM’s are an easy on and off ramp for fiat currency to....
Step up, roll up your sleeve, and start smoothing out those crumpled banknotes as CoinDesk brings you the latest in bitcoin ATM and vending machine announcements from around the world. We say 'vending machines' not as a joke, but because in some jurisdictions cash-in only machines are classified as exactly that, to remain free from additional banking regulations ... or bans. Speaking of which, the week began on a sour note in Dubai when the UAE Department of Economic Development (DED) told us there was no license to install a bitcoin ATM in the country as yet. To rub salt in the wounds, it....
You can now pay with Bitcoin at 7-Eleven stores in Mexico. Photo via Tommy Ironic. We're continuing to see the ability to pay with Bitcoin trickle out into large brick-and-mortar stores in different parts of the world, even when it seems like those stores have not given Bitcoin their stamp of approval. We had many different Subways begin to accept Bitcoin a few months ago, and now you can also use Bitcoin as a payment option at the 7-Elevens and Ghandi bookstores in Mexico. Although these stores are not accepting bitcoins directly, they accept payments from something called the Pademobile....
New machines are now coming online at a rate of nearly 1 per hour In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day.Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar.This reflects a remarkable rise in the....