Bitcoin Forum

Bitcoin is one of those crypto currencies that are crossing borders. Many can get them through mining or purchase but one of the easiest ways to get them right away is with the help of Bitcoin ATMs. Argentina is now jumping on board with 200 units of Bitcoin ATMs expected in October. What are your honest thoughts about their decision?


https://cointelegraph.com/news/argentina-jumps-on-bitcoin-atm-bandwagon-with-200-expected-in-october

This type of news should be visited by many bitcoin people and this is another great news for the whole crypto currency.

Imagine 200 Bitcoin ATMs? That's a lot for a country even just 1-20 Bitcoin atm is already enough and bitcoin people there will be happy to know that there are those atm's that are existing there.

And so what if about 200 ATM's are about to come in Argentina on October? Argentinian crypto people will celebrate.

Argentina is a dope country, means free in all dimensions, my friend live in Buenos Aires and he says there are many Bitcoin ATM there. Alas my Country has no bitcoin ATM even the salary of people here are too low but as we are Govt employed people we manage a good income though. We really need bitcoin in our Uganda.

Biggest problem with ATM's is the high fees they charge.

Of course 200 ATM's is nice, but won't be much useful if people don't want to use Bitcoin. Expand the user base should be priority, I think.

argentina takes a very good decision of course this will affect the exchange rate of bitcoin currencies, if argentina is right to do that then bitcoin will rise drastically up to the sky and no one can resist the rise of bitcoin.

Argentina is a making a great move right here that they are adding more amt machines in october and that is not just 5 or 10. It is 200 atm machines which is about bitcoin and that is a proof that people are liking bitcoin and most of the people in Argentina is getting into bitcoin and i hope that it will influence other countries too to done the same thing.

That is smart of Argentina as it will get more people to spend it. Then the country can stack up reserves of Bitcoin and this will have real value over the long term.

I lived on Argentine for more than 5 years, and they are far away of the technology compared to other countries, and i can confirm that this notice is a lie, nobody is going to install 200 bitcoins atm's all over the countrie because it is impossible, but it would be nice because nobody accepts or uses bitcoin in there.
There is only one bitcoin atm in Argentina and it is on a Mall of Buenos Aires, and you are allowed to sell and buy by a max of 100 dollars a day (about $1800 Argentine Pesos)

The first thing we have to do this though, to expand the userbase, is to get people educated on Bitcoin and to get them using it. It isn't easy to do this in a developing nation, but it's something which can be achived through some work and money spent by us here.

And while I do like to see Bitcoin expanding, I do think they're going to get a bad reputation as the fees on these machines are insane and they're going to deter people that are interested in Bitcoin to even get involved, as they think they're going to be getting scammed by the price.

So, it may look like good news but it isn't.