Bitcoin Adoption Blast: Crypto ATM Machine Reaches Central American Country

The mainstream adoption of Bitcoin and digital assets has been one of the main goals that the crypto industry set. There have been a lot of moves in this direction, and the crypto space is on the right track.

It’s been just revealed that another Central American nation is seeing the arrival of the first-ever crypto ATM machine.

According to the latest reports coming from the online publication the Daily Hodl, local firm TGU Consulting Group installed the machine called “la Bitcoinera” in an office tower in Tegucigalpa, the capital of Honduras.

“The machine allows users to purchase Bitcoin (BTC) and Ethereum (ETH) using the lempira, the official currency of Honduras. Users will have to scan their official identification and input their personal data such as a phone number to buy the crypto assets,” according to the same online publication mentioned above.

TGU’s 28-year-old chief executive, Juan Mayen, said that before the installation of the machine, Hondurans had no automated way to buy digital assets.

“You had to do it peer-to-peer, look for someone who … was willing to do it, meet in person and carry X amount of cash, which is very inconvenient and dangerous given the environment in Honduras.”

Bitcoin adoption explodes

After El Salvador, now Cuba makes headlines all over the place following the latest announcement.

The moves towards the achievement of mass crypto adoption continue on the right track.

Bloomberg noted the following: “Cuba’s government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island.”

Bitcoin (BTC) will witness a bullish fourth quarter and rally alongside the stock market.

In a new interview on CNBC’s Squawk Box, Mike Novogratz said the following:

“Prices will probably stabilize here a little bit and consolidate.

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.