El Salvador rolls out 200 Bitcoin ATMs in a bid to speed-up nationwide adoption

[Handpari]

The reason El Salvador adopted it is to lower remittance fees.  The system of banks and 3rd party overseerers resulted in large fees most weren't able to afford, and if they did, they lost a huge chunk of their money. These ATM is great step to support bitcoin.

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[ILuckyGuyI]

Great news! El Salvador has been making its efforts to get its people accustomed to using Bitcoin. The government first wanted to distribute BTC worth $30 to every citizen. After that, we see that it is putting 200 Bitcoin ATMs to affect people about starting to use Bitcoin. These are vital moves for a nation to make Bitcoin usage spread widely. I started believing more that El Salvador will have really good results after these moves.

[Lucius]

I can only say that with each new move taken by the El Salvador government this whole story is getting more and more serious. Even though it is done there in a third-world country that most people do not even know how to find on the map, it is incredible that one such country has managed to achieve so much in a very short time when it comes to adopting cryptocurrencies.

It just shows how much politics in other countries of the world is slowing down the process of crypto adaptation, especially now that everyone is seriously working on their digital currencies (CBDC). The best thing though is that every resident of El Salvador has a completely free choice to use the currency he wants and that no one is forcing anyone to do anything.

[jakdanyel]

For the El Salvador people and Bitcoin adoption, it is very good news. El Salvador started a Bitcoin revolution and they are doing everything they can to help it become succesful. First, they distributed Bitcoin for all of their people and now this. It is very important to place these Bitcoin ATMs in the strategic places like gas stations etc.. This will definitely help more people start being interested in Bitcoin.

[ChiBitCTy]

This is great seeing a country taking bitcoin so seriously but let along adopting it as their national currency.  Their president is going to go down in history as a pioneer and one who's trying to do good by it's citizens.  I am also a bit unsure about this "state backed wallet" but at least this all is a good start in my humble opinion.

[S4VV4S]

with the state of El Salvador which will make 200 bitcoin ATMs for adoption nationally.with this we really hope more for the long-term increase in bitcoin, and can again increase the popularity of bitcoin at the highest peak of investment, because at this time what is being done by the country of El Salvador is one of the most appropriate steps in the process of national adoption of bitcoin in the country

[Viscore]

with the state of El Salvador which will make 200 bitcoin ATMs for adoption nationally.with this we really hope more for the long-term increase in bitcoin, and can again increase the popularity of bitcoin at the highest peak of investment, because at this time what is being done by the country of El Salvador is one of the most appropriate steps in the process of national adoption of bitcoin in the country

El Salvador is the only state who's brave enough to accept bitcoin as a legal tender and i think it will give credits to the President. With all the changes that is taking place, i think these things are all expected to speed up the adoption of bitcoin. And once El Salvador will come up successful with this crypto adoption, not just small countries nearby or even the big progressive countries will also be influenced with this.

I must admit that this news is definitely a break out. It's a nerve wrecking decision of the government that is totally different what others have seen it. With this, bitcoin will create a big impact to the economy of the state and  hopefully things will come out according to the plan.

[ene1980]

Great news  Just a small concern with the the ‘State backed crypto wallet’ - but I suppose they have to do this to increase mass adoption.

Compromise on privacy for mass adoption it not exactly what we really want. But that is the state of the situation here as some are celebrating these sort of adoption but i want everyone to enjoy the privacy  Bitcoin offers and i doubt El Salvador is running a master program along with other countries to learn how to control people in this market .

[Aliceooo78]

Great news  Just a small concern with the the ‘State backed crypto wallet’ - but I suppose they have to do this to increase mass adoption.

Compromise on privacy for mass adoption it not exactly what we really want. But that is the state of the situation here as some are celebrating these sort of adoption but i want everyone to enjoy the privacy  Bitcoin offers and i doubt El Salvador is running a master program along with other countries to learn how to control people in this market .

I don’t think this is a seemingly beautiful thing. There is politics in it, so I’m not interested. First of all, let’s understand that El Saldova, a poor country in Central America, has an unimaginably bad financial environment and financial facilities, and Black gold politics also exists. Out of 10 people in this country, 3 have a gang background. All these policy inducements to please the people have several purposes:
1. Stabilize people's emotions
2. Stabilize the country's financial order, and then attract foreign investment
3. Using Bitcoin as a legal currency became the first place to stand on top of the world, and it seemed to instantly establish the impression of a modern power.
4. High debts and a collapsed economy are also ways for the country and the government to save themselves.
Faced with a chaotic and disorderly national environment, if I were the president of the country, I would find a big country as a backer, or I had no way, I don’t know whether the problem can be solved, and I have a fluke mentality, What if it succeeds?

[bryant.coleman]

El Salvador is a country of 6.5 million people (with a few millions more living as expats in countries such as the United States). 200 ATMs mean one machine for every 32,500 people. Do you think that this is enough? I am supportive of Bukele's move that made Bitcoin as the legal tender in El Salvador. But the infrastructure is not there currently, and that may leave people frustrated. And I am surprised at the lack of support El Salvador has so far received from the cryptocurrency sector. None of the big names have made any announcement to support them. Justin Sun once spent $4.5 million to get a dinner date with Warren Buffet. If a fraction of that amount is spent, then we can install thousands of ATMs in El Salvador.

[Shasha80]

the steps taken by the country of El Salvador by providing 200 bitcoin ATMs, to be adopted nationally in the country and this is already a sign that they are serious about adopting the crypto world to apply in their country as a legal transaction tool to be used in the lives of its citizens, with the existence of We hope that this adoption will increase the price of bitcoin in the future

El Salvador is really doing their best to speed up the adoption process in their country. Even I was quite surprised by the steps taken by El Salvador
to provide 200 Bitcoin ATMs, not only requiring a large fee. However, El Salvador also looks very ambitious with all the plans that are made to make
Bitcoin can be used optimally by its residents. I believe in a very short time the entire population of El Salvador will soon adopt Bitcoin, this is why
important the government supports Bitcoin. So the adoption process can run faster, the problem is that there are still many countries in the world
that do not support Bitcoin. Hopefully what El Salvador has done can be followed by other countries, and will also help push the Bitcoin price up.

[Kiley33]

This is indeed a delightful piece of good news. Hopefully, there are no cameras on these Bitcoin ATMs. This can well protect everyone's privacy.
El Salvador has played a good lead. It is believed that many countries will follow the example of El Salvador and launch Bitcoin ATMs one after another.

[Lucius]

El Salvador is a country of 6.5 million people (with a few millions more living as expats in countries such as the United States). 200 ATMs mean one machine for every 32,500 people. Do you think that this is enough?

I think that's quite enough to start with, especially since not all 6.5 million residents will use Bitcoin right away, some because they are minors, others because they don't have the knowledge and skills, and others because they believe more in the US dollar. In addition, if ATMs are strategically well deployed, then they will cover large urban areas to begin with, and it will later be possible to assess where their numbers need to be increased. It is a fascinating fact that El Salvador will be the third country in the world in terms of crypto ATM, right behind the US and Canada.

I am supportive of Bukele's move that made Bitcoin as the legal tender in El Salvador. But the infrastructure is not there currently, and that may leave people frustrated. And I am surprised at the lack of support El Salvador has so far received from the cryptocurrency sector. None of the big names have made any announcement to support them. Justin Sun once spent $4.5 million to get a dinner date with Warren Buffet. If a fraction of that amount is spent, then we can install thousands of ATMs in El Salvador.

Infrastructure has been under construction for some time, and as far as I know the government is working with various foreign companies to help with the work - and CEO of Strike Jack Mallers actually started the whole thing a year ago with the Bitcoin Beach project. When you mention Justin Sun, you are wrong when you claim that he did not give his support, almost 3 months ago - https://twitter.com/justinsuntron/status/1401459710486671360

Justin Sun 🅣🌞
@justinsuntron
Crypto investors and entrepreneur will start to move to El Salvador! #Bitcoin

[zanezane]

This is indeed a delightful piece of good news. Hopefully, there are no cameras on these Bitcoin ATMs. This can well protect everyone's privacy.
El Salvador has played a good lead. It is believed that many countries will follow the example of El Salvador and launch Bitcoin ATMs one after another.

Pretty sure that they will put on in there, I mean it's not like they can't do it and people will but I am pretty that if it's the government, they will most likely add those like a traditional ATM.

[ultrloa]

This is indeed a delightful piece of good news. Hopefully, there are no cameras on these Bitcoin ATMs. This can well protect everyone's privacy.
El Salvador has played a good lead. It is believed that many countries will follow the example of El Salvador and launch Bitcoin ATMs one after another.

Each ATM have camera and this has been installed by the company for protection of their clients so expect that they will also put that on bitcoin ATM machine for the same reason and we should not get afraid of it as bitcoin is already a legal tender in their country so for sure any transaction related to bitcoin is protected by their local law. You only get worried about those things if you do money laundering since for sure you will be seen and sued by the government or any legal authorities if you used this machines to withdraw your btc came from illegal matters.

[concept2]

Absolutely great news from South America. While China decides to get rid of bitcoin, other countries have joined the cryptocurrency world and harvest any opportunity they can find. However, I believe that bitcoin fees are still quite high, how can the people afford to make such transaction in daily life ?

[Ruvi2000sew]

President Bukele's determination is admirable. Some critics of his government refer to him as an autocratic leader. There are opposition groups in El Salvador, as there are in all countries, which is why we see that Bukele speaks to both supporters and opponents of the Bitcoin law.

[Bitcoin_Arena]

Great news   Just a small concern with the the ‘State backed crypto wallet’ - but I suppose they have to do this to increase mass adoption.

Compromise on privacy for mass adoption it not exactly what we really want. But that is the state of the situation here as some are celebrating these sort of adoption but i want everyone to enjoy the privacy  Bitcoin offers and i doubt El Salvador is running a master program along with other countries to learn how to control people in this market .

The thing is that Masses will in most case believe what Government says to them, and this can be good for mass adoption, but it comes at a price. Privacy when using crypto is now becoming thinner and thinner with so many exchanges enforcing KYC. Those that don't require KYC like Bisq don't have the liquidity and are not user-friendly for beginners.

If you want to enjoy privacy or anonymity, you have to avoid using exchanges, which is close to impossible. At one point you may want to exchange your crypto for fiat or vice versa.

[Pulsar77]

This is one of the right ways to help Bitcoin adoption spread more. As long as more people see these ATMs and get curious about them, we will have brand new investors in the cryptocurrency market. This will help the demand increase. And it will result in more countries to start being interested in Bitcoin and making it legal tender. It is like a cycle I mean.

[Kayum10029]

Congratulations Salvador because he has played the most important role with Bitcoin at the present time. In addition to giving Bitcoin acceptance, Bitcoin is going to set up ATMs. All over the country from next September Bitcoin is going to be used simultaneously.