The American company Athena Bitcoin plans to support El Salvador in integrating bitcoin into the financial system. To do this, she will install up to 1,500 cryptomats throughout the country.
First, it is planned to install several dozen machines to determine the business model, because it is likely to be different from the model in the United States. The volume of investments in the installation of cryptomats will exceed $ 1 million, and the equipment will be installed in those regions of El Salvador that receive a larger volume of money transfers from abroad.
In addition, Athena will open its own office in El Salvador and recruit staff. At the moment, the American company operates only two cryptomats in El Salvador. One is installed on El Zonte Beach as part of an experiment called Bitcoin Beach, and the other on El Tunco Beach. Athena’s Director for Latin America Matias Goldenhorn said:
“The President of El Salvador has given us the difficult task of installing 1,500 ATMs, but we will complete it, albeit in stages. We are a private company and we want to ensure the stable growth of our business in the country. ”
According to Coinatmradar, there are now 19,325 ATMs installed in the United States. As the Strategic Intelligence Division of the US Drug Enforcement Administration previously reported, drug traffickers are increasingly using cryptocurrencies and cryptomats to launder money.
Recall that at the beginning of June, bitcoin was recognized as a legal tender in El Salvador.
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