The first cryptocurrency ATM was launched in Honduras. The ATM was set up in neighboring Honduras at a time when neighboring El Salvador was the first country to legalize bitcoin. News Reuters.
In the local language, this ATM is called ‘La Bitcoinera’. Honduran firm TGU Consulting Group has set up the ATM in an office building in the country’s capital, Tegucigalpa. This will allow those, who are interested to buy Bitcoin and Etherium using local lempira currency.
TGU chief executive Juan Maine, 28, has been instrumental in setting up the ATM to make Honduran residents aware of virtual currency through direct experience. He said there is currently no automatic opportunity to buy cryptocurrency. You will need to carry a certain amount of money and buy cryptocurrency directly from the seller, which is a very dangerous and troublesome job in Honduras.
On the other hand, anyone can buy cryptocurrency by scanning their official identification and inputting personal information and phone number using this newly installed ATM. He hopes to set up more ATMs if the ATM service becomes popular.
