Dear reader, this time I will tell you about the status of cryptocurrencies in Argentina and how 5000 Bitcoin ATM can save it from 25% inflation.
No country, nor Brazil, Chile, Colombia or Peru have exceeded an inflation rate of 3%.
This means that under current conditions, it is increasingly difficult to survive in this country.
As a result, some companies and individuals seek solutions and the Argentine government promulgates the use of Bitcoin through Bitcoin ATM.
Argentina seeks to exit inflation through Bitcoin and replicating the international model
You know the case of many companies worldwide that accept bitcoin as a means of payment.
Among them, an Australian company that accepts Bitcoin in its Melbourne Urban Velocity store:
Hi all, I’ve been into Bitcoin for a few months and I’ve tried my buddy to start accepting Bitcoin at his bike shop. He is now stocking original 80’s retro BMX bikes too! He is on Coinmap.org. Check out his shop if you want to spend some bitcoins, his bikes are awesome. – CEO Urban Velocity Store
In search of getting out of this situation, franchises like Subway started accepting Bitcoin
That Saturday, I was the only one with a shop open [on Reconquista 934] in front of the hotel where the Bitcoin conference was being held. All of a sudden, I had a bunch of kids talking to me about it. It really grabbed my attention, because I thought it was something a lot more isolated.
– Fernando, the owner of the local Subway
Fernando says he is not yet interested in investing in cryptocurrencies.
However, through the exchange of hamburgers and Bitcoins, you want to promote the Bitcoin culture in Argentina.
Another startup that has begun to accept bitcoin as a means of payment is the ecommerce avalancha.com. Focused on the sale of household appliances.
Taringa.net an online discussion forum has also announced that it will soon start paying its most active users with bitcoin.
Similarly, independent professions have begun to accept bitcoin as a means of payment.
I am a certified masseuse, and I accept payments in bitcoins. You can find me on facebook.com/masajesvillabosch and also on Google Maps. – Leandro Sosa, certified masseuse in Argentina.
Odyssey Group takes the opportunity to regularize and implement Bitcoin ATM
The government through the Argentine central bank has announced the permission for the implementation of Bitcoin ATM.
In this way, allow the use of cryptocurrency withdrawals at Bitcoin ATM.
Sebastián Ponceliz founder of the company Odyssey specialized in Bitcoin ATM automatic teller machines.
This company has a presence in 65 countries internationally and Latin America.
Take the regulation of Bitcoin ATM in Argentina as an opportunity to boost your business in Latin America.
According to local media, Argentina has more than 145 businesses where bitcoin is used as a means of payment.
Bitcoin ATM as a possible solution to unstoppable inflation
The Argentine government promotes the regulation of Bitcoin ATM and other altcoins.
Sebastián Ponceliz commented that Bitcoin ATM orders are on the rise.
Its implementation cost varies between 8,500 and 10,000 dollars and will be administered by the same clients.
Among the most recurrent customers of bitcoin ATM bidirectional machines are
Stores, shopping centers, public dependencies, pharmacy chains, supermarket chains, a chain of kiosks and banks, said Ponceliz.
Although Odyssey founder Sebastian Ponceliz said he does not believe in cryptocurrencies as such.
Since he believes that Bitcoin is a bubble and has no intrinsic value.
However, he believes that it is an interesting application of Blockchain technology. In addition to being a good alternative to a currency of payment, but not as active.
Conclusions
We can see how the Latin American countries, despite the different crises that they find, are looking for ways to get ahead.
As local businesses and people look for ways to support technology through their services. It is unavoidable.
As international companies seek dissemination and encourage governments to implement laws for the use of cryptocurrencies such as Bitcoin, Ethereum, Litecoin.
They are getting closer and closer to the adoption of cryptocurrencies.
Bitcoin ATM is the detonator that Latin America needs for the complete adoption of Bitcoin and Blochain.
We can not rule out, one day, that Latin America is in the possibility of being technologically close to China.