ATM (automated teller machine) is an electronic device that is used by financial services to provide various operations for their customers. The most commonly used ATM transactions are cash deposits and withdrawals, transferring funds and obtaining account information. Some current ATMs are also capable of performing such operations as selling train and lottery tickets, offering an opportunity for charitable donations and retailing concert tickets. The outburst of the popularity of cryptocurrency has also influenced ATMs and led to the development of cryptocurrency ATMs. The most popular of them is, of course, Bitcoin ATMs that allow people to exchange Bitcoin for cash, but one can also find Litecoin and Ethereum ATMs. However, crypto ATMs are not an ATM in the traditional sense, as it is not connected to a bank account, but to the Bitcoin exchange itself.
The Salvadorian government has installed over 200 ATMs in September after adopting Bitcoin as a legal tender.
El Salvador ranks third in global Bitcoin ATM installations, data finds
The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.”
Protesters burn Bitcoin ATM as part of demonstration against El Salvador president
El Salvador’s state Bitcoin wallet has continued facing major issues one week after its official rollout.
El Salvador’s Bitcoin wallet is ‘95% fixed,’ President Bukele says
Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo
The “la bitcoinera” machine allows crypto enthusiasts to purchase BTC and ETH using the local fiat currency provided they are willing to scan their IDs and disc...
Honduras gets its first Bitcoin ATM
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource ex...
Bitcoin ATM operators set up association to counter money laundering
According to Nayib Bukele, there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7.
El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption