Lens1000
VIP Contributor
The first cryptocurrency ATM in Uruguay has been placed in Punta del Este, a popular tourist destination in the region.
Uruguay has apparently installed its first Bitcoin ATM, making it the 11th South American country to do so officially. South America had 79 ATMs prior to Uruguay's entry, accounting for 0.2 percent of global BTC ATM installations.
Uruguay's first crypto ATM, according to mbito, was built in the coastal city of Punta del Este, a popular tourist destination in the region. URUBit and inBierto, two local crypto startups, collaborated to build and install Uruguay's first Bitcoin ATM.
BTC, Binance Coin (BNB), Binance USD (BUSD), Ferret Token (FRT), and Urubit are the five cryptocurrencies currently supported by the crypto ATM in Uruguay (URUB). URUBit and inBierto, respectively, maintain and distribute in-house cryptocurrencies FRT and URUB.
InBierto's CEO, Adolfo Varela, affirmed that the program was fully sponsored by the Uruguayan government. inBierto is a cryptocurrency investing platform and a member of the Uruguayan Chamber of Fintech (Cámara Uruguaya de Fintech), a fintech business accelerator. URUBit is a decentralized cryptocurrency that was launched in Uruguay and is now available on the Binance Smart Chain (BSC).
Uruguay has apparently installed its first Bitcoin ATM, making it the 11th South American country to do so officially. South America had 79 ATMs prior to Uruguay's entry, accounting for 0.2 percent of global BTC ATM installations.
Uruguay's first crypto ATM, according to mbito, was built in the coastal city of Punta del Este, a popular tourist destination in the region. URUBit and inBierto, two local crypto startups, collaborated to build and install Uruguay's first Bitcoin ATM.
BTC, Binance Coin (BNB), Binance USD (BUSD), Ferret Token (FRT), and Urubit are the five cryptocurrencies currently supported by the crypto ATM in Uruguay (URUB). URUBit and inBierto, respectively, maintain and distribute in-house cryptocurrencies FRT and URUB.
InBierto's CEO, Adolfo Varela, affirmed that the program was fully sponsored by the Uruguayan government. inBierto is a cryptocurrency investing platform and a member of the Uruguayan Chamber of Fintech (Cámara Uruguaya de Fintech), a fintech business accelerator. URUBit is a decentralized cryptocurrency that was launched in Uruguay and is now available on the Binance Smart Chain (BSC).