Athena Bitcoin, an automated teller machine (ATM) network has expanded its hold in Latin America by providing Bitcoin ATMs. It currently has 17 ATMs in five Colombian cities.
Medellin, which is the second major city in Colombia just witnessed the installation of a third Bitcoin ATM this month which brings the total number Bitcoin ATMs in the Nation to 17. However, the newest installation isn’t up and running yet but it has created a huge buzz among the inhabitants.
Who uses Bitcoin ATMs?
The biggest users of the Bitcoin ATMs are Venezuelans, based on a statement by Athena. Though it isn’t exclusive to the Venezuelans, there are freelancers in the area who are specialized in technology and marketing industry and they receive their funds through an ATM.
Matias Goldenhörn, who is Athena’s Director in the Latin America region made reference to the fact that there are more transactions going on at the ATMs daily since people have already accepted cryptocurrencies as a part of their lives. “There’s more volume – more transactions and more people using cryptocurrencies for everyday things – in Colombia, though it’s picking up across the region. There are a lot of freelancers in Colombia who receive their payments in bitcoin and they use our ATMs to get their money in fiat and then there are people sending remittances to Venezuela are using them. Those are the two main users we have now in Colombia.”
There are several ATMs installed within the five major cities of Colombia and they all support Bitcoin cash (BCH), Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC). Athena also has plans to install one of its bitcoin automated teller machines in the neighbouring town of Cucuta where thousands of migrating Venezuelans are based.