Uruguay installs its first Bitcoin ATM

[perfect999]

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.

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.

[Lucius]

Just stumbled upon this "Spanish article" 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:

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.

[AicecreaME]

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.

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.

[sarmrakib]

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.

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 .

[cheezcarls]

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.

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.

[DdmrDdmr]

<…> URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

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.

[TheNineClub]

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.

[dezoel]

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.

[Sanitough]

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.

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.

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.

[Botnake]

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.

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 .

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.

[Shasha80]

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.

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.

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.

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.

[GeorgeJohn]

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.

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.

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 matchines 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.

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.

[Kasabus]

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.

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 .

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.

[randegibran]

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

[TahuDiniHari]

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.

[Chato1977]

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.

[muratsink]

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

[Finestream]

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.

[randegibran]

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.

[bitterguy28]

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 .

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

is there any good effect? look at the market now and tell us what is the good effect.