Uruguay installed its first Bitcoin ATM

[Lens1000]

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).

 

[Kingsley]

This is fantastic, African leaders should take a very serious lesson from these south America countries. They have started move light years ahead of somany African country that were doing well initially. Our leaders should stop fighting this technology behind crypto currencies and start tapping into the advantages that is open to them in crypto currencies, rather than shutting it down in Africa they should look out for more better ways of regulating it rather than placing ban on it. We all know that some people are using it to perpetrate crimes but banning is not the best way to go rather regulating it would have paid off here in Africa.

 

[btaliat]

I won't be surprised if the Southern American countries take over the world soon. This is because most countries in this region have adopted crypto or even planing of adopting it. This will surely enhance the growth if bitcoins. I just wish Africa can emulate this and tjink towards the good direction of bitcoin.