Uruguay installs its first Bitcoin ATM

[bakasabo]

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

Uruguay's plan to adopt bitcoin has been around for a long time

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?

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

the topic talks about ATM and nothing about adoption so that is 2 different thing .

In the article 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.

[Chato1977]

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

Uruguay's plan to adopt bitcoin has been around for a long time

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?

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

the topic talks about ATM and nothing about adoption so that is 2 different thing .

In the article 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.

[savetheFORUM]

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.

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.

[LUCKMCFLY]

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.

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.

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.

[Vaculin]

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.

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.

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.

[Kelvinid]

snip~

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.

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.

[Zilon]

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.

[batang_bitcoin]

this is a very positive thing for bitcoin if indeed Uruguay has created a bitcoin ATM then automatically that they have adopted bitcoin for transactions in that country with them creating a bitcoin ATM we really hope this is not just a discourse because there are so many contradictions what has happened to various groups of bitcoin but what Uruguay is doing is a breath of fresh air for bitcoin miners in the midst of the current drop in bitcoin prices, of course adoption from various countries is really needed like what Uruguay is doing at this time

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.