Athena Bitcoin Argentina intends to establish around seven Bitcoin ATM (BATM) before Christmas. By the end of this year, Argentina will be in fourth place by the number of BATM in Latin America.
Until 2018 in all of Argentina, it was only two Bitcoin ATM. These devices that look like slot machines not only allow you to perform cryptocurrency transactions, but also act as an educational tool for those who are not versed in crypto.
Santiago Molins, one of the designers of the ATM and Director of Innovation at Athena Bitcoin, said:
"From September this year, the company has posted five new BATM in malls, Walmart stores and other places with high traffic — they are all placed in Buenos Aires. However, there are two BATM that are not yet included in the database CoinATMRadar. This week we install one BATM in La Plata, located near the capital of Argentina. In early January, we also plan to install two or three BATMs".
The increase in the number of cryptomate in Argentina several times, it seems surprising only at first glance. In fact, the country is going through a similar financial crisis to Venezuela. Despite the fact that Argentina is still far from the economic disasters of Venezuela, inflation in the country leaves much to be desired. For this reason, the trade volume on LocalBitcoins has risen sharply — the Argentines are trying to save their money through cryptocurrency. If the economic situation in Argentina will not change for the better, most likely, the number of cryptomate will increase.
In may it became known that the regulations of cryptocurrencies in Argentina has been easing. In this regard, the American company Odyssey announced that it intends to establish in the country 4 thousand cryptomate. According to the company, approximately 400 units will be commissioned before the end of January, and the remaining 1600 BATM will be installed within the next year.