Athena Bitcoin to Install 1,500 Bitcoin ATMs in El Salvador as BTC Becomes Legal Tender

Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines as a test. El Salvador President Nayib Bukele wants 1,500 bitcoin ATMs installed and Athena Bitcoin said, “we will go for that, but in phases.”

• Athena Bitcoin said Thursday that it plans to invest over $1 million to install cryptocurrency ATMs in El Salvador, particularly where residents receive remittances from abroad, Reuters reported, citing a company representative.
• The firm expects to gradually install about 1,500 ATMs, hire staff and open an office to carry out operations in El Salvador.
• Matias Goldenhörn, Athena Bitcoin’s director for Latin America, was quoted by the publication as saying that 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,” Goldenhörn added, elaborating:

Initially we are going to bring dozens of machines, test what the business model is like in El Salvador, which will probably be different than in the United States.

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