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Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and  FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

Source: https://cointelegraph.com/news/uruguay-reportedly-installs-its-first-bitcoin-atm

Great news, another big win for the crypto community indeed. A major concern for me is that scammers may take advantage and focus attention on the new and naive crypto community that will spring up in Uruguay. I mean with the installation of these ATM's, some can easily be swindled into depositing cash and transferring to unknown address.

I've never really looked into the ATMs in enough depth, but when withdrawing Bitcoin i.e putting in cash, and wanting to receive Bitcoin. How does it handle address generation or are you required to input the address yourself, which just sounds a little risky due to the complexity of Bitcoin addresses.

I'm not sure how that would happen specifically concerning ATM usage. However, people getting scammed using cryptocurrency is only probably slightly more probable than that with fiat, that's simply because its a little more confusing, and is a relatively new technology to most people. This should get better with increased adoption, which things like ATMs will encourage.

That's what makes us a little hampered about how to implement deposits at ATM with paper money and then enter the bitcoin address to be converted into a personal wallet. It would be very useful if there is someone who can show how the process goes until the bitcoins arrive in his wallet. Maybe some kind of scanned barcode. Because after all, this will certainly be a little different when we withdraw or deposit money into a bank account via an ATM.
Despite all that, I am very happy when this adoption was made so that the people of Uruguay, especially those in the area around the city of Punta del Este, make crypto users more friendly with crypto transactions outside of exchanges that use a fairly new alternative.

Well, in reality, ATMs have a very strong impact on the sector where they are located, so to call it promoting at the state or country level is really exaggerated, in fact there are many ATMs in various parts of the world that have not been registered and what they are looking for is to capture users and the adoption is worth "eggs".

It is not that it is being negative, but come on, the news is what it is, it excites the bitcoin niche and adds to its corresponding measure.

I don't know where your source is from, but at least coinatmradar doesn't record anything in Uruguay. Zero, at least it's not registered yet.

In South America these are the data:
Colombia: 38
Brazil: 22
Argentina: 11
Chile: 3
Peru: 3
Venezuela: 1
Ecuador: 1
Uruguay: 0 (*)
Bolivia: 0
Paraguay: 0
Source:https://coinatmradar.com/countries/
(*) OP, 1.

Good news and position if it's a tourist spot.

There will be tourist that would try to withdraw their crypto and exchange it with fiat there when there are no other ATMs that they can use. Or at least, they want to spend it for their vacation and trip.

I think the strategy of placing it there is good and hopefully that the fee would be lesser than the usual ATM that charges 3% and up for some of those that I've seen.

I am always happy to see the developments and before any crypto-currency ATM can be installed in any. Country that means the government is in support of it, so am glad the government are slowing accepting Bitcoin, I would hope to see this type of development in my country, but my government is still stiff necked in that regards.

Country with 3.5 million population having its first Bitcoin ATM is good. It is a country that is much spoken for its low corruption, increased export business and e-governance. Maybe this could be an initial step for them to get into bitcoin adoption. In particular it is surprising to see both the companies that installed the ATM were 100% funded by the government

Uruguay reportedly installs its first Bitcoin ATM (https://www.google.com/amp/s/cointelegraph.com/news/uruguay-reportedly-installs-its-first-bitcoin-atm/amp)

according to the OP these two companies responsible for the ATM are government companies which makes the ATM government, that means that the private sector is not interested in this business of bitcoin ATM, anyway I would like to know what is the demand that has had the bitcoin ATM that has been installed. I don't usually hear that uruguay buys a lot of bitcoins, in fact I never heard

E-governance is not too familiar with this term and will like you to please share more light on how e-governance works and what country is practicing this type of government around the world, I know Bitcoin ATM is a good development that will make Bitcoin more accessible to it end-users with the help of pos and ATMs.

By the look of things, the main motivation or rather goal behind that particular automated teller machine is nothing but a way to promote their own cryptocurrency ^{[basically, they're using BTCitcoin's name to their advantage]}!

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Depending on the model of the BTM, you might have different options:

• Manually enter your address
• Scan a QR code
• Use a generated paper wallet by the BTM

This is impressive and I'm very surprised the way some countries are adopting cryptocurrency make the Crypto market to keep increasing drastically in size and market cap. I am still expecting more countries like the Asians and Africans to follow the adoption to make the world a better place where digital currencies would be the order of the day. 

At this early stage, I don't think we will hear from them how they are performing in terms of attracting crypto users in their country. Usually, it will take time before they will see good number of adoption. But if the machine is already there, for sure, people will get curious and try the machine how it works. They have their own coin also, so they may try to see how those will work for them as it is government-backed projects. Their government should promote or incentivize their people using their coin or at least something to promote this initiative.

It's good news on Bitcoin and the community that the adoption becomes widely operated through these ATM machines.
We hope that all countries are the same open-minded when it comes to cryptocurrency or adopting Bitcoin which e-governance will benefit more from embracing this new technology.

Coinatmradar (https://coinatmradar.com/) shows a rapidly increasing number of Bitcoin ATM machines worldwide and it seems a good sign that Bitcoin has the potential to become more expensive after for how many years and it could be the price of $100k is possible to achieve which the most anticipated moment for most holders.

Location, location, location, the same as property the position is key. I ever
I come across a Bitcoin ATM I would definitely use it just for the experience,
I'm sure there will be people who will use this especially as it's in a prominent place.

In the grand scheme of things 1 ATM is very small but its all plus regardless of
quantity or size

Great news. And the greatest parts are that the whole project is funded by the government of Uruguay and that those ATMs can be used with different cryptocurrencies even i am not that enthusiast with altcoins.
To be honest, i wasn't expect Uruguay to make this giant step. However, i wish it not to be a political move for popularism so i will be waiting for reactions from major economic influencers in/out of Uruguay. Till now, it's not clear why the Uruguay government took this decision and if it really has the needed infrastructure for such a big development. 

If anyone is actually interested in going to this ATM, it's located inside a store called Smart Point, at Juan Gorlero 29, 20100 Punta del Este, Departamento de Maldonado, Uruguay.

Lat/Long: -34.9593864, -54.9409259

That makes it great and we know if the government involve, they will do anything they could to promote it in a positive way so that lots of people will gonna use it. They can easily partner with private companies to boost their funds to further expand their investment and that would be great for both Uruguay and the crypto industry. The time when almost all of the countries are hostile about bitcoins is finally over and the we are seeing right now is the beginning of it's new era where everyone will become use to it and it will mainly start in the South American countries.

This is another good news regarding Bitcoin adoption. But I am wondering why there have to be FRT and URUB? I am curious to know the objectives of these government-funded and controlled altcoins. Do they have to exist? If there was an intention to support the ideas behind Bitcoin, then there was no reason whatsoever to create alternative coins which are under companies that are not only funded by the government but also controlled by it.

El Salvador has 205. Columbia and Brazil have a ton but we don't hear them so much on the news about the adoption in the country. Only just recently did we hear of a City Del Rio's Mayor buying BTC out of the City's fund.


Like the existence of altcoins, controlled altcoins exist to grab the BTC of the users who buy altcoins. They claim to have a specific purpose though and some prefer to buy those altcoins, some of these altcoins are even available in the ATMs like doge.

So this is a government-approved operation, I would say. And in this case, we can conclude that there is a big future of cryptocurrency in the country of Uruguay. And this is another big good news that can be pregnant with so many possibilities in this South American nation. The way am seeing is that 2022 can be the year when cryptocurrency adoption can be accelerating in different areas and locations of South America...and this is partly buoyed by the move of El Salvador last year.

not all bitcoin ATM's are the same. but generally most work by where you use your own cellphone wallet app (you choose) and you simply pull up your QR code on your screen and show it to the ATM scammer/camera.

it then displays this on screen so you can check it read the QR code right. and then you put your cash into the machine when you type in how much coin you want.

link to one video. and time starts at the demo when people do have their own cell phone bitcoin wallet
this is not the urubit ATM, its a general example of a bitcoin ATM
https://youtu.be/EfyzeTmo3gg?t=96
you can rewind to see the version which prints out a private key on a receipt if you dont have a wallet

Nice to hear that. Very jealous that why my country is on its back foot in accepting such tech man. I just wanna go someday out there and withdraw my money by exchanging the bitcoins without hesitation. Here I am today, trying p2p's, exchangers and what not to release the bitcoin with fear of loosing them. I mean fear of getting exchanger hacked, loosing p2p trade due to fraud peeps and what not.

ATM is like blessings. That is the thing which connects you to the virtual world of bitcoin. I am not sure who else imagine this way but its the only way you can 99% touch your bitcoins as you are trading it with something real value (fiat) and using it for commercial purposes.

Good for the Uruguay and their locals. Hope they will use it and will ask for more machines in the territory.

Good to see that more and more countries are seeing bitcoin growth and I have seen the number of ATM rising is at very high pace especially in America and Canada.But now small nations are also on the same path of installing more ATM's and this shows some clear sign of demand and usage among the normal people.Now more countries will go on the same way adopting it.

The intense demand for crypto ATMs is rising indefinitely. This is the result of the sudden growth of crypto users and having ATM is another venture that Bitcoins do and it gives convenience to the public. I suppose to see the government will have their full support and control the illegal ATMs installed as this will ruin everything. If this will able to sustain, we can expect the growing number of crypto ATMs in a different country. And this will encourage more people to get involved in this technology and do appreciate it.

Entering an address manually is something that should not exist as an option, it is simply too complicated and the chances of error are high. I don't remember ever reading or hearing that there are such crypto ATMs, maybe some early models had that concept, but with smartphones and QR codes I don't see why anyone would type in an address manually.

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The fact that the total number of crypto ATMs in South America is only about 80 or only 0.2% of the total is pretty bad news, and as you can read from the news, the companies that set up this ATM used it to offer their tokens.

This sounds desperation from their Part that they need to mislead things just to promote their own cryptocurrency but on the other hand yet they are Using Bitcoin in which favoring in the crypto market because still another country that welcoming cryptocurrency specially bitcoin.
so yes they are promoting both Bitcoin and their own cryptocurrency
but of  course for me this is  still something that bitcoin supporter must be celebrated .

Yes.

Most of us are wanting to try it just for the experience especially if we know the fees are quite that high. But for the tourists, if they don't have funds in cash and they want to spend their crypto holdings then that's a good reason to experience it.

Well, just as that they have 1 ATM, that's a good start. It can multiply soon and there will be more in different locations and will include even those places that are not tourist spots.

This news has spread all over the world, my country is also being stirred up by installing a Bitcoin ATM machine in Uruguay, I saw the news yesterday, they say this is the best history experienced by crypto users in Uruguay, with around 50 thousand crypto users, they thank Urubit and Inbierto.

There are many questions my government has to answer, whether to follow Uruguay, as they did, but all that will be answered as time goes by, we'll see later, do we also have 1-3 crypto ATMs.

Yes, we are also happy to hear this news, hopefully crypto users in Uruguay, can enjoy the ATM Bitcoin.

This is Very good news that They (Uruguay) are installing Crypto ATM machine. I Think this is the great historical things.Uruguay have many crypto user like 50+ thousands crypto user.I think they will be enjoy  by Crypto (Bitcoin)  ATM.Crypto ATM machine increase day by day.I Think now good for Uruguay and local.

In fact , i don't think it will be that easy to use cryptocurrencies in a large scale population for daily use. It should take a long time before reaching the global adoption in Uruguay.
Note also that Uruguay is not a big country in term of population and even hasn't that status in the global economy, people around the world may not even take attention of it.
I have also thought about ordinary people dealing with different altcoins. it's quite different from bitcoin as a main currency worldwide while altcoins should always be converted to btc in order to cash them out .

Good news. This was expected due to the recent trend where small, developing countries have been embracing BTC and other popular cryptocurrencies for various reasons.

We need more countries with bigger populations to utilise these ATMs since this would allow more people to have access to them basically.

However, I don't really think many crypto investors would use these ATMs considering the fees, great alternatives etc in any country, but it does help promote crypto adoption which is all that matters at the end of the day in my opinion.

Just stumbled upon this "Spanish article (https://holanews.com/mas-de-1-000-transacciones-en-el-estreno-de-un-cajero-para-criptomonedas-en-uruguay/)" that claims it had more than 1k transactions within the span of a few hours + it seems that they're going to expand it to other locations as well:

• Quote from: Google translated from https://holanews.com/mas-de-1-000-transacciones-en-el-estreno-de-un-cajero-para-criptomonedas-en-uruguay/
  More than 1,000 transactions were carried out in the initial hours of operation of the first UTM cryptocurrency ATM installed in Uruguay, which was inaugurated this Friday in the town of Punta del Este (southeast ).
  ~Snipped~
  The creators of the ATM, developed entirely in Uruguay, seek to expand the network in Maldonado (department in southeastern Uruguay where Punta del Este is located) and, later, take it to Montevideo and Colonia (southwest), another of the country's most popular tourist spots, such as next goals.

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You're right ^{[it's not worth the trouble]}... The ones I've used didn't have that option ^{[even though they seemed to be from the previous generations]} but half of the videos I've seen on YouTube, had that option!

"All publicity is good publicity (http://www.picturequotes.com/all-publicity-is-good-publicity-quote-19405)" :)

with the existence of a bitcoin ATM in uruguay hopefully it will increase the pressure to recognize bitcoin as a legal tender there. I see countries in South America have started to open up to Bitcoin, it's clear that they want to be at the forefront, just look at El Salvador still holding on by recognizing bitcoin as a legal tender there, hopefully Uruguay and surrounding countries will follow el salvador.

The plan is to deploy quite a few of these crypto ATMs all over Uruguay, although the videos I’ve seen so far do not detail these plans further than stating a close term objective of one ATM per Department (there are 19 in Uruguay). They allow for people to buy/sell BTC, BNB, as well as their tokens (Urribit, Ferret) according to the article listed below, but the video also shows trading in BUSD. They also state that they will further expand on the offer of crypto.

It’s interesting to see the video in the Spanish below provided source (the video seems to not work in the Google Translated version), and to watch how people literally flock to the ATM to get their chance to see or interact with it. There was a catch though: On a video I found where they interviewed one of the company representatives for the event, the person running the broadcast show unveiled that the assistants could get away with 5$ in cryptocurrencies (that could have a bit to do with crowd). I haven’t managed to cross-reference this particular elsewhere though.

Cryptocurrencies are not regulated in Uruguay (they are not prohibited either really, and can be interchanged or used in private deals), therefore banks cannot be used as steppingstones to transact with Exchanges.

See:
(In English) https://www-subrayado-com-uy.translate.goog/se-inauguro-el-primer-cajero-criptomonedas-uruguay-n827464?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp
(In Spanish) https://www.subrayado.com.uy/se-inauguro-el-primer-cajero-criptomonedas-uruguay-n827464
(In Spanish) https://twitter.com/i/status/1479834954754400265
(In Spanish) https://youtu.be/bRVl-WEYYkA

Yes, confirmed, I also read this good news in several big media. One of them is right here:
https://news.bitcoin.com/first-cryptocurrency-atm-reportedly-installed-in-uruguay/
This installation of Bitcoin ATM is done to create more trust in the crypto market. Moreover, so far, the people there still prefer to use the P2P system in order to trade or cash out their Bitcoin.

Btw, I also have found the installation of this Bitcoin ATM and detected in coin ATM finder
https://www.coinatmfinder.com/bitcoin-atm-location/ELDA/4268/Punto-Bitnovo

Hopefully, with the growth of the crypto market and ATM, this will also lead the positive trends again toward cryptocurrency and ease all activities to crypto.

First of all El Salvador is in Central America and its growth of ATMs is post adoption, its ATMs are a consequence of the legalization of bitcoin as legal currency.

On the other hand Colombia and Brazil add up to 60 ATMs, which if we see per capita is really little, ATMs should be a right to access crypto assets, as is the right to fiat money via ATMs, but the legal jurisdiction always separates us from that and then at least in these parts when we see 1, it's like seeing a unicorn.

This have a point but the word is not easy since using it as a means of payment is that it is easy to pay but the fees is the problem but this will be overcome soon or in the future since this would be used all over the world. Tho the installation of bitcoin atm is the first step in mass adoption of bitcoin

this will be more historical if they are doing this because of Bitcoin literally and not because they wanted to lure people inside their own currency .

Like DdmrDdmr shared this is something a plan for long term and yes all of us will benefit from this for long term .
 Uruguay will maybe the next country to make crypto or bitcoin in good relation  .

this is very good news where one by one countries are starting to adopt.bitcoin and even they have.created several bitcoin ATMs.for transactions.by miners who adopt.bitcoin in that country of course this will have a good impact on the survival of bitcoin in the future because currently bitcoin is in dire.need of adoption.from developing countries for the process.of bitcoin survival where the price that has fallen.so low against.bitcoin at this time of course can at least help with the existence.of several countries adopting.bitcoin

That is the same issue we are having in my country, the government has been against cryptocurrency for quite some time now. People who are caught making use of cryptocurrency, their bank accounts are being closed immediately. Although I don’t think there is any other punishment that you would face apart from your bank account being closed. And before now, I once saw a news of a Bitcoin ATM that was launched in my country, but since then I have not heard of it again.

Moreover, nobody would be making use of it by now, since all the exchanges has been banned, and no operation of cryptocurrency business is allowed any longer in the country. We are hoping that the government lifts the ban anytime soon.

From everything that can be seen, it seems that the interest in the first crypto ATM in Uruguay was very high and it is a bit unbelievable that it is only the first such device in the country. Owners can be more than happy with the success and continue to expand, and I hope that people will still invest much more in Bitcoin than in other coins/tokens.

https://i.imgur.com/VM0n4NR.png

It's a great news that finally, another country has been opening its perspective in terms of cryptocurrency. After the initiative of small countries such as El Salvador, the different countries has been slowly welcoming bitcoin in their place as well. Indeed, little steps could still possibly create ripple effect that would be beneficial in our community. Bitcoin ATM isn't really a fresh and new thing that has been discovered and implemented in some areas because in some parts in U.S. it has already been installed. If I'm not mistaken, over 10,000 of bitcoin ATM has been established in different parts of America and is widely used by the crypto users.

However, in small countries and developing countries such as Uruguay, this is definitely a thing to celebrate for. This is another win and achievement of our community because little by little, we are becoming known in various parts of the world, even to the uprising ones.  This would benefit the citizens of Uruguay that are into bitcoin because they can instantly deposit and withdraw their funds with the help of the machine that will be installed to their place. I just hope that they will place these machines in areas that are safe guarded and with trusted security because there were incidents reported back then that some bitcoin ATMs were stolen or broken. Nonetheless, cheers to the baby steps and I hope this will spread further.

The numbers are adoption increasing rapidly .I think they are very smart and try to adapt with the next digital world .Btc is really a great asset for us and the world are are turning into it .I think Uruguay's govt has made the right decision on early times .They are definitely ahead on the upcoming days and technology .I am really upset about Asian countries ,Why they are still ignoring it .I don't have any idea but i am really expecting to get few positive news on upcoming days .However really i am feeling happy to get a good news once again hope we will get more news on upcoming days .

A big win indeed for Uruguay in having it's first Bitcoin ATM. Since 2018, crypto ATMs have been growing around the world despite the ups and downs of Bitcoin and other cryptocurrencies worldwide. Here in the Philippines, we only have one government-regulated and approved crypto ATM in UnionBank and I have visited it myself. Hopefully there will be more to come in other crypto friendly countries.

Are you sure that they are controlled and funded by the government?
I’ve read on a few delimited sources that the project is funded by the government, but not the companies themselves (see (1) and in Spanish (2)). I’d say that they got funding for and I+D project from the government, but that’s it.


On another note, it seems that some politicians made a quick rush to ask the Ministry of Economy and Finance and the Central Bank of Uruguay if the ATM is legally regulated in the country (see 3). I figure we’ll hear some new at some point on the matter, which hopefully won’t jeopardize the plans to deploy further crypto ATMs within the country.
 
See:
(1) https://voi.id/en/amp/124701/following-in-the-footsteps-of-other-latin-countries-uruguay-installs-the-first-bitcoin-atm-in-punta-del-este

(2) https://es.blogtienao.com/uruguay-duoc-bao-cao-cai-dat-may-atm-bitcoin-dau-tien-cua-ho/

(3) https://www-elobservador-com-uy.translate.goog/nota/diputado-de-cabildo-abierto-pidio-informes-al-bcu-y-mef-por-cajero-de-criptomonedas-en-punta-del-este--202211018242?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp

Note: You may want to consider including your source to the information in the OP.

Good news? Erm..I guess? I mean, when I see all these government-controlled crypto transactions I kinda get sad because it seems to defet the purpose of crypto itself (well, at least BTC), but I am also aware that crypto will not be able to move forward if a cohesion like that does not happen. I mean, it can bring about good things as, even if the people have a distrust of government's, they tend to trust things that are government-based more than the ones that are not. If that makes sense.

That’s really nice and I’m quite surprised that the two platforms that you have mentioned are being controlled and funded by the Uruguay government. I thought that the two platforms were going to be private owned platforms, but it being funded by the government now shows that their government is fully in support of cryptocurrency.

It wouldn’t be like other countries where anyone who is making use of crypto currency would be having issues with the government, rather the people in this country would feel free to use cryptocurrency to any extent without having any issues at all or worrying about having any possible issues with the government. I am also looking forward to other countries adopting cryptocurrency to this level, and I’m very aware of El Salvador that has adopted Bitcoin as a legal tender.

This is a good strategy i think so we can attract more crypto users that will contribute much for the fast adoption of bitcoin. And despite of its never ending volatility, bitcoin continues to grow and with the different bitcoin ATM machines in different countries, it only proves that governments are now starting to to backed bitcoin since most of these crypto ATMs are protected by them.

Well, this is certainly a positive news for bitcoin but its not enough for bitcoin price to surge high again. Its good that more countries right now are starting to be aware on bitcoin, and in fact it could even add to the progress of the country's economy once they decide to go into deeper with bitcoin like having it as a legal tender like what El Salvador has did. Well, having their own bitcoin atm machine is already a good start so that the citizens will be aware on bitcoin and later on, they will develop their interest on it since its atm machine is already available in their country.

With the increase in the number of Bitcoin ATM machines, this proves the process of Bitcoin adoption is quite fast. And it also means that more
and more countries are starting to accept Bitcoin, it's a pretty good process, so that in the future Bitcoin can really be accepted in all countries
in the world. I am always happy with positive news regarding Bitcoin, this will help increase the popularity of Bitcoin and can also help the price of
Bitcoin to go even higher. I would like to see Bitcoin ATM machines in all countries of the world, and I believe it can happen, if we look at
the development of Bitcoin which is indeed very fast in the last few years. Especially when Bitcoin manages to break records in 2021, attracting more
and more people's attention. In fact, quite a few institutions are finally interested in long-term investments in Bitcoin. This must be a consideration
for some countries that had completely rejected Bitcoin, became a little more open and began to accept Bitcoin.

I think you people are making reasonable sense, the area I'm capitalizing on, is the aspect of the ATM machine, because i can see the help of bitcoin ATM machine it will bring easy access to bitcoin and most importantly it render quick transaction to bitcoin investors, i even noticed that bitcoin make is not everywhere across the countries like fiat currency ATM, so i believe that bitcoin is the generally accepted by the majority of the countries, so therefore the machine have to be everywhere also in order to quick support of adoption of bitcoin.

Well, we won't be surprise if one of these days the Asian countries have already installed their bitcoin atm machines too because whether we like it or not, the world is becoming more digital so we should also learn to cope with it. And having Uruguay their first bitcoin atm machine, this will be another achievement for bitcoin since its one way of creating more possibilities for massive adoption in the future. People will surely be interested on it and will find more ways on how to learn bitcoin.

Uruguay's plan to adopt bitcoin has been around for a long time but until now it has not been realized if indeed the above topic is the truth then this will be very good for the survival of bitcoin because it can have a good effect on bitcoin where in the midst of the decline in bitcoin prices such as Now of course bitcoin really needs adoption from developing countries. We hope that what Uruguay is doing is not just a discourse

The culture and natural wealth in South America is extraordinary, it must be supported by the advancement of the digital economy, especially cryptocurrencies.  Uruguay shows its concern for the progress of the digital economy in its country, it must be driven by the desire of the people to know crypto and of course bitcoin.  and the great thing is that the original Uruguayan digital currency also took part in the advancement of crypto in his own country.

What ever the main intention in this Installation of Bitcoin Machines yet the one that will benefits here is Us who is supporting in investing in this currency, not just in bitcoin but also in most altcoins because this will bring more popularity and another adoption and surely in time we will see the best effect like what EL Salvador does and now many countries are trying to get inside crypto.

after the country of elsavador, now it's Uruguay's turn to create bitcoin ATMs to carry out public transactions in that country, now more and more countries in Latin America are starting to adopt bitcoin and create bitcoin ATMs. We really hope that with the adoption of developing countries, at least it can return. increase the viability of bitcoin in the future because currently bitcoin really needs adoption from developing countries like what Uruguay and El Salvador did

If Uruguay will follow El Salvador's path, i think it will be another great adoption for bitcoin that will leave a very positive price for bitcoin. Although it will still be uncertain if the citizens will develop interest of bitcoin, but its more on the capability of its president to the lead the country into a more digital way and bitcoin here is definitely a good start. Hopefully, after El Salvador and Uruguay, there will be a lot more for such developed countries to think about adopting bitcoin as a legal tender because that will certainly stop about the high inflation that people experienced from fiat.

we have heard such discourses where a lot of developing countries want to adopt bitcoin but this has not yet been realized whether it might just be a discourse to attract their interest in bitcoin, but if this is really realized then it is not a problem it is impossible for bitcoin to grow again rapidly in the global stock market because if bitcoin is adopted in various countries such as Uruguay, it will indirectly increase public trust in bitcoin because so many countries have adopted bitcoin.

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?
the topic talks about ATM and nothing about adoption so that is 2 different thing .
is there any good effect? look at the market now and tell us what is the good effect.

I also dont understand such a big noise around this single Bitcoin ATM. Uruguay is covers 176,000 square kilometers (https://en.wikipedia.org/wiki/Uruguay) and there is just one ATM. Not the biggest achievement in cryptocurrency history. Besides, there are thousands of such ATM around the world.


In the article Uruguay reportedly installs its first Bitcoin ATM (https://cointelegraph.com/news/uruguay-reportedly-installs-its-first-bitcoin-atm) it was mentioned the installment of this ATM was funded by government. This might be a small step of adoption. But it will take long time for full adoption in Uruguay, as some of their senators are for crypto, and some against.

Yeah because their government is Oushing their own cryptocurrency and they are using the popularity of Bitcoin.

But lets see where this heading since they are just starting an many things will come their way sooner.

This is a great news and another win for all of crypto people. It very interesting how south American countries continues to accept and adopt crypto, this for me should be a wake up call for other countries and Continent to key into this stream because crypto is the future.

It is also important that measures are put in place so that hackers and scammers don't take advantage of this highly demanded initiative of crypto community.

Not only with these affirmations is it good, but this will also enormously increase the market demand, now it will not only be the demand of an imposing country and believer in BTC such as El Salvador, I also see Uruguay, Argentina, Peru very well on the way , Chile and consequently Venezuela that the government is obviously mining BTC, in the end all this is beneficial because when supply decreases and demand increases, this will be reflected in a very good price, so seeing this whole scenario is not unreasonable for those who are unsure about investing in BTC.

Indeed. Having another South American country to adopt bitcoin and install its first bitcoin atm machine is another good achievement for bitcoin. Hopefully, as this country will continue to prosper with bitcoin having as a new currency, it will also create a good remarks on other countries to do the same thing for their country and start to adopt bitcoin too.

However, this bearish season might be somewhat a barrier as the price of bitcoin continues to decline but if they will start to study and go deeper with bitcoin, they will come to realize that this is the best time to enter the market and start buying.

Well, it is going to believe that they are more aggressive in terms of development. Cryptocurrencies are now the way to give convenience to the people around and having this strategy helps to convince people that this is not just only a talk and rumors but this could be proven to be a reality, not a scam.

They're could be more to install and this going to spread across the globe, just it takes times but at least we're seeing these improvements.

Another crypto adoption and a plus to the crypto community. Uruguay is one of those few countries that we rather mute about crypto in times past. They were neither in support or against the technology but it's actually nice to have them install their first Crypto ATM machine making it open to the world they have adopted crypto both as a legal tender and alsoa store of value.

It's just the first but I agree that it's a positive thing as they've already made their first bitcoin ATM. It's a good start and even it may not be that great as the other news.
Every time we see a bitcoin related progress, like this one, it's making us feel proud that it's moving forward even for some countries slowly.