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Uruguay reportedly installs its first Bitcoin ATM

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Cryptocurrency58 minutes ago (Jan 15, 2022 05:40AM ET)

Uruguay reportedly installs its first Bitcoin ATM © Reuters

Uruguay has reportedly installed its first (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

According to Ámbito, Uruguay’s first crypto ATM was installed in the coastal city of Punta del Este, a major tourist attraction in the region. Uruguay’s first Bitcoin ATM was developed and installed in partnership with two local crypto companies — URUBit and inBierto.

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