Select Page

Athena Bitcoin Plans to Install 1,500 Crypto ATMs in El Salvador

Athena Bitcoin Plans to Install 1,500 Crypto ATMs in  El Salvador
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

The company has said it will gradually invest over $1 million into the ATM project.

US-based cryptocurrency ATM firm Athena Bitcoin has said it plans to roll out up to 1,500 automated teller machines in El Salvador.

With the ATMs, users will find it easy to sell or buy BTC for cash, aiding the government’s vision of having the cryptocurrency used in everyday transactions.

The firm will install the machines in phases, with a total overlay into the project estimated to reach more than $1 million, according to a company representative.

Matias Goldenhörn, Athena Bitcoin’s director for Latin America explained the phased approach, noting that although the firm accepts President Nayib Bukele’s “tough challenge of 1,500 ATMs,” the plan is to ensure they approach the goals sustainably.

He added, “Initially we are going to bring dozens of machines, [to] test what the business model is like in El Salvador.”

The first country to host a Bitcoin airdrop

The plan for additional ATMs comes a year after Athena unveiled its first crypto ATM in the country’s El Zonte beach. It’s also just days after El Salvador made Bitcoin legal tender, the first country in the world to do so.

But the country is also on the verge of yet another piece of history.  On 25 June, president Bukele announced that every adult Salvadorian will receive $30 in Bitcoin through an airdrop, meaning El Salvador could become the first country to host a BTC giveaway.

While the airdrop targets all of El Salvador’s adult population, people need to opt in to benefit. This will happen through the simple step of installing the government’s wallet app.

Data shows that the Salvadoran population stands at around 6.5 million people. Of this, about 4.5 million fall in the adult category. According to Bitcoin on-chain analyst Willy Woo, if every eligible Salvadorian gets the free BTC, active addresses could jump by about 2.5%.

The airdrop could see over $100 million worth of BTC given to citizens.

The post Athena Bitcoin Plans to Install 1,500 Crypto ATMs in El Salvador appeared first on Coin Journal.


Source: Coin Journal


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments