Bitcoin ATMs are booming in this Latin American country
The country is relatively new to crypto adoption, but is building momentum quickly. Colombia now has the largest number of Bitcoin (BTC) ATMs in Latin America. According to CoinATMRadar, Bogota, the nation's capital, has 34 ATMs, followed by Medellin with 11, and Bucaramanga and Cali with 4 each. Other cities with one ATM at least include Armenia, Barranquilla, Cartagena, Cúcuta, La Hormiga, and Pereira.Until recently, countries such as Venezuela and Argentina were more frequently discussed as crypto hotspots in terms of regional adoption due to factors like political and economic turmoil.....
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Santo Blockchain’s plans in Latin America consist of 300 Bitcoin ATMs, a layer-2 wallet and a Bitcoin debit card. Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022.A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama City, Santo Blockchain will invest a total of $1 million into Latin America in general next year as part of its 300 Bitcoin ATM plan. Santo....
Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to […]
A country with a high-rate of the unbanked, a large informal economy and a tumultuous history of inflation sounds like a perfect scenario for Bitcoin and cyrpyocurrencies to thrive. However, a quick glimpse on Bitcoin-related groups on social media shows otherwise. The Bolivian Bitcoin community is yet to take off. Unbanked majority. The majority of the country’s population is unbanked. According to the World Bank’s Global Index 2014, a meagre 11 percent used a debit card to make payments and near 5 percent used credit cards. Although, unlike other Latin American countries, such as....
Thanks to a partnership with financial services company AstroPay, users in Latin American can now purchase bitcoin on the once-largest bitcoin exchange, Mt. Gox. The company made the announcement on Thursday, specifying that the coverage would be available for Argentina, Brasil, Chile, Colombia, Mexico, Peru, and Uruguay. The way it works, according to Mt. Gox, is rather simple. From the funding options tab, users can click on 'AstroPay', choose their country of residence, their bank, and the amount to deposit to Mt. Gox. As one would expect, they will then be re-directed to an AstroPay....
A lineup of 40 expert speakers will highlight the third annual Latin American Bitcoin Conference (LaBitCOnf2015) Dec. 4 and 5 at EBC Campus Dinamarca in Mexico City. The conference is expected to host 250 attendees from 15 countries. The conference goal is to jumpstart bitcoin innovation in Latin America and encourage entrepreneurs to create applications for bitcoin and block chain technology, according to Rodolfo Andragnes, conference organizer. He said the agenda will include topics for entrepreneurs developing applications and for finance sector professionals. Mexico is easily....