Cryptobuyer Installs First Bitcoin ATMs in Latin American Commercial Bank

in #cryptocurrency8 years ago

Cryptobuyer Has Ambitious Plans for Expanding the Presence of Its Bitcoin ATMs Across the Latin American Continent

Cryptobuyer has become the world’s first company to install bitcoin ATMs on the premises of a commercial bank, following the launch of two ATMs at Banismo Bank’s headquarters in Panama City. The installed bitcoin ATMs support DASH transactions in addition to Bitcoin.Cryptobuyer has ambitious plans for expanding the presence of their bitcoin ATMs across the Latin American continent, announcing its intention to open more than 20 additional bitcoin ATMs throughout South America at the recently-concluded Panamanian Association of Fintech event. Cryptobuyer CEO, Jorge Luis Faris, told news.bitcoin.com that the company plans to “consolidate our position as leaders in Panama, then we will go through Costa Rica, Chile, and Brazil, all these countries have high rates of immigration and old and expensive remittances services that are our main focus.”

The Fintech event was hosted by Banismo, the second largest bank in Panama, and featured Jorge Farias participating in an expert panel discussing the potential applications of bitcoin and blockchain technology throughout Latin America.

Cryptobuyer is one of many cryptocurrency companies hoping to be at the forefront of driving bitcoin adoption throughout Latin America. With many South American nations accounting for an enormous remittance industry of approximately $70 billion USD in 2015 in addition to housing 400 million underbanked citizens, the positive impacts that widespread bitcoin adoption could have across the continent would be enormous.

Sort:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://bitcointalk.org/index.php?topic=1983713.0

Congratulations @dollarsguy! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @dollarsguy! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!