Thursday, February 9, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

Athena says will install 1,500 cryptocurrency ATMs in El Salvador

MtR by MtR
June 25, 2021
in Cryptocurrencies
0


Eric Gravengaard, CEO of Athena Bitcoin Inc. shows the use of a Bitcoin ATM during a presentation ahead of a news conference in San Salvador, El Salvador June 24, 2021. REUTERS/Jose Cabezas/Files

Related articles

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

August 8, 2022

Cryptocurrency companies spend $2.4B on sports sponsorships

August 8, 2022

SAN SALVADOR, June 24 (Reuters) – Athena Bitcoin plans to invest over $1 million to install cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad, a company representative said on Thursday.

According to Athena Bitcoin’s website you can use their ATMs to buy bitcoins or sell them for cash.

The firm expects to gradually install some 1,500 ATMs, hire staff and open an office to carry out operations in El Salvador, which in June became the first country to adopt bitcoin as legal tender. read more The move takes effect in September.

El Salvador’s President Nayib Bukele “presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases. We are a private company and we want to ensure that our development in the country is sustainable,” said the firm’s director for Latin America Matias Goldenhörn.

Bukele has touted the cryptocurrency’s potential as a remittance currency for Salvadorans overseas.

“Initially we are going to bring dozens of machines, (we’ll) test what the business model is like in El Salvador, which will probably be different than in the United States,” Goldenhörn added.

A year ago Athena installed its first cryptocurrency ATM in El Salvador’s El Zonte beach, some 49 km (30 mi) southwest of capital San Salvador, as part of an experiment called Bitcoin Beach aimed at making the town one of the world’s first bitcoin economies. read more

The World Bank has said it cannot assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks, and the International Monetary Fund has said it saw “macroeconomic, financial and legal issues” with the country’s adoption of the cryptocurrency.

Reporting by Nelson Renteria; Writing by Anthony Esposito; Editing by David Gregorio

Our Standards: The Thomson Reuters Trust Principles.



Source link

Related Posts

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

by MtR
August 8, 2022
0

Crypto Credit Cards and Debit Cards: What You Need to Know  CoinDesk Source link

Cryptocurrency companies spend $2.4B on sports sponsorships

by MtR
August 8, 2022
0

At F1’s inaugural GP in Miami this spring, the entire complex was decked out in signage from title sponsor Crypto.comGetty...

Binance CEO, Changpeng Zhao, warns of cryptocurrency risk, as investors lose $1.11 trillion

by MtR
August 8, 2022
0

The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the...

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News

by MtR
August 8, 2022
0

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017...

‘As the Cryptocurrency Market is Showing Some Signs of Recovery, Here Are Some … – Latest Tweet by Litecoin

by MtR
August 8, 2022
0

'As the cryptocurrency market is showing some signs of recovery, here are some cryptocurrencies you must look into..' - @analyticsinme...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter