Bitcoin ATM Installed in Mexican Senate Building !!! - page 2.

avikz

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Quote from: tokyohd on April 27, 2022, 09:49:36 PM

Kempis, an ardent cryptocurrency proponent, believes that Bitcoin brings financial freedom and inclusion. She hopes that lawmakers will be able to familiarize themselves with the largest cryptocurrency.

I am glad to see that a senator thinks and supports financial freedom of the citizens. That's amazing! In similar countries like Mexico, politicians believe in hoarding money for themselves and use central enforcement agencies to bring down their opposition.

It seems Mexico is slowing changing for bettee. But considering the volumes of illegal drug trades within Mexico, cryptocurrency may become a headache for the police force.

bbc.reporter

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Quote from: slaman29 on April 28, 2022, 02:26:15 AM

Quote from: bbc.reporter on April 27, 2022, 10:05:28 PM

What do I think about this news? After being tricked by the announcement of Do Kwon which might only be hype and the news about the Central African Republic's acceptance of bitcoin which might come only from sauces, I am beginning to notice something. There might be some whales out there who want to hype bitcoin out of desperation. This is what I think about this news. I am back to being the skeptical me. Call me the antagonizer again.

100% right. At least you learned your lesson about getting tricked by hype etc.

Remember that even El Salvador was kind of a move by big bitcoin whales in the Miami conference. I don't think personally the president ever thought about it himself, the idea was just planted and they did everything, all he did was sign the presidential decree (obviously it had to be since the people never heard about it much to say even voted).

We all need to be smarter than taking sauce

Bitcoin's recognition as legal tender or an official currency in many countries will be good, however, El Salvador and the Central African Republic being 3rd world countries, their implementations for infrastructure will be with many failures similar to El Salvador's Chivo wallet.

This also does not make a bitcoin pump to a new all time high a certainty. An argument can be made that all the weak hype articles are only stories created out of desperation. I speculate a whole cryptospace market dump within this year. Everyone hyping for all time high on 2022 will be wrong.

boris singer

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Regardless of how it is approved or not, the fact is that policies require mutually agreed goals and objectives. While instead of just being a stimulus for lawmakers to have an interest in crypto, on the other hand the Mexican president is not showing any partiality with regards to Bitcoin matters. A long process and will take a long time to make this news will only sink among the people of Mexico.

zasad@

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Recently, a European told me why he does not use bitcoin ATMs.
The commission for the exchange of stablecoins in Europe is from 1 to 3%, depending on the amount of the exchange, if you use exchangers or verified people from telegram chats. The exchange price is fixed by the Binance exchange. Bitcoin ATMs use the price of another exchange and there is more commission, so the user loses up to 10%. This is a good business for bitcoin ATMs owners.

yazher

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I think it means that they are open to any business proposal with some big companies out there and they publicize this small change for the people to know that they aren't hostile against it. They might be just putting it there to let the high authority try how it works and when they find it convenient, they will gonna think of a possible platform they can create with it and they will gonna partner with the big businessman in their country.

stompix

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Quote from: tokyohd on April 27, 2022, 09:49:36 PM

Kempis, an ardent cryptocurrency proponent, believes that Bitcoin brings financial freedom and inclusion.
~
What do you think about this news..?

That another politician wants a piggy ride on bitcoin success to get herself a comfy seat

PRO-BITCOIN MEXICAN SENATOR PROPOSES CBDC LEGISLATION
https://bitcoinmagazine.com/markets/pro-bitcoin-mexican-senator-proposes-cbdc-legislation

Quote from: bbc.reporter on April 27, 2022, 10:05:28 PM

What do I think about this news? After being tricked by the announcement of Do Kwon which might only be hype and the news about the Central African Republic's acceptance of bitcoin which might come only from sauces, I am beginning to notice something. There might be some whales out there who want to hype bitcoin out of desperation. This is what I think about this news. I am back to being the skeptical me. Call me the antagonizer again.

The news is real. The motives behind it can be anything, bitcoin is no longer just coin that is used to avoid the 3rd party, alongside the other altcoins it has become a huge source of funds, and money always brings corruption and special interest that have nothing to do with the initial purpose.
But again, no matter what they try and how they try using bitcoin resources popularity, and userbase for their own political and monetary gain this doesn't change the basics for the normal bitcoin user, as long as the protocol stands intact it's a matter of choice.

Doan9269

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Quote from: DapanasFruit on April 28, 2022, 12:20:32 AM

Assuming that the installation is really true, then I am recognizing this as just one the many small good news to have incurred for Bitcoin and cryptocurrency. Let's see if fellows of Mexican Senator Indira Kempis would be getting their own share of BTC from the said crypto ATM machine. Definitely, this is just another propaganda kind of thing but then again anything that is making Bitcoin more known to the public is welcome to me...and this is not even a bad publicity just like the FUDs we experienced in the past coming from China.

This is a good step in action with their aims targeted on the senate members and the location is perfectly suitable for bitcoin as the area have situated many fiats ATMs already as well, this is what should be brought close to people and near where other ATMs are do everyone can easily have an access to it or give a trial at first approach, i aslo so much believe a higher number of the senate members will start the use of bitcoin by it adoption, this will help them evade the KYC challenges and restrictions places by banks on financial conditions or terms and policies.

DdmrDdmr

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This is a short video (in Spanish) reporting of the bitcoin ATM installed in the Mexican senate:
https://www.youtube.com/watch?v=BGe7HesnuT4

The BATM has been installed in a small area where traditional fiat ATMs reside. The idea behind, is to bring bitcoin closer to the Senators. The context here was the recent bitcoin forum held in the Senate premises last week-end, being all part of a willingness to move the Senate to consider legislating a dedicated proper cryptocurrency law, and ponder the push that some make for bitcoin to become (or not) legal tender at some point within the country.

Chato1977

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So now it is MExico that starting to spread Bitcoin in their country and best that in strategical places? Imagine in Senate Building there is an ATM for Bitcoin?

Great start for development and adoption .

aoluain

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Quote from: Kakmakr on April 28, 2022, 04:20:05 AM

Well, it is a clever plan to install it inside the Senate Building, because it shows the rest of the decision makers that "Bitcoin" is a household technology and also that the concept can work. The Senate will not be positive towards Bitcoin, if they do not see that Bitcoin can become a "currency" and that there are support for it. Wink

Well Done... to Senator Indira Kempis for making that move, let's hope she can change the President's mind on Bitcoin becoming a currency, because a lot of remittance are being done between Mexicans working in the USA and their families in Mexico. Wink

Its a clever plan and very much an "in your face" plan but I'm not sure how effective
the ATM alone will be. I'm sure at this stage any of the decision makers will be clued
in to Bitcoin or at least have some knowledge at this stage.

Maybe indeed it is an effort to normalise Bitcoin, to show how accessible it can be,
^{regardless of the inflated fees by using the machine}

The remittance utility which Bitcoin can offer is definitely viable.

Erumo

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Quote from: Maestro75 on April 27, 2022, 10:09:05 PM

Women politicians are more bitcoin friendly than their male colleagues.

Because these housewives knows more about investment, cryptocurrency, then anyone else. They are like taxi drivers - knows everything, are experts in every field and have their own true position about everything in the world.

Bitcoin ATM in senate is like a joke. In few moments you can instantly transfer bribes to your wallet and send them through mixer.

Kakmakr

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Well, it is a clever plan to install it inside the Senate Building, because it shows the rest of the decision makers that "Bitcoin" is a household technology and also that the concept can work. The Senate will not be positive towards Bitcoin, if they do not see that Bitcoin can become a "currency" and that there are support for it. Wink

Well Done... to Senator Indira Kempis for making that move, let's hope she can change the President's mind on Bitcoin becoming a currency, because a lot of remittance are being done between Mexicans working in the USA and their families in Mexico. Wink

Kemarit

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LOL, Of all the places they wanted to install a Bitcoin ATM machines, they chooses the Mexican Senate Building.

Are they sending messages to the Senators to have Mexico embrace BTC as legal tender? Or amend some laws that will be Bitcoin friendly? So let's see how it goes, it could be better if it will be installed like a Mall. But the company here is clearly playing around with the public perception here.

Questat

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Quote from: tokyohd on April 27, 2022, 09:49:36 PM

Her effort to make Bitcoin legal tender is unlikely to succeed. As reported by U.Today, Mexican President Andres Manuel Lopez Obrador definitely ruled out adopting Bitcoin as a means of payment.

Source of News:
https://u.today/bitcoin-atm-installed-in-mexican-senate-building

What do you think about this news..?

Then it has to say it never makes sense to have Bitcoin ATM installed in their place. This is only beneficial if has been approved and officially legalized by the government and imposed laws that support the use of Bitcoin. However, I don't think the effort is being wasted here, it actually needs time for the president to think about how this could help and be beneficial to his countrymen. If this is given a chance like having a trial period to assess how this it gives impacts their economy, I would expect this to make a change to the decision and become legal.

slaman29

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Quote from: bbc.reporter on April 27, 2022, 10:05:28 PM

What do I think about this news? After being tricked by the announcement of Do Kwon which might only be hype and the news about the Central African Republic's acceptance of bitcoin which might come only from sauces, I am beginning to notice something. There might be some whales out there who want to hype bitcoin out of desperation. This is what I think about this news. I am back to being the skeptical me. Call me the antagonizer again.

100% right. At least you learned your lesson about getting tricked by hype etc.

Remember that even El Salvador was kind of a move by big bitcoin whales in the Miami conference. I don't think personally the president ever thought about it himself, the idea was just planted and they did everything, all he did was sign the presidential decree (obviously it had to be since the people never heard about it much to say even voted).

We all need to be smarter than taking sauce

Wiwo

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Quote from: Maestro75 on April 27, 2022, 10:09:05 PM

Women politicians are more bitcoin-friendly than their male colleagues.

if this statement is true then am happy with that at list this is the first time am getting positive vibes from a female about digital currency because if you check the rate of bitcoin adoption between males and females you will discover a wide gap between the two the male seems to be more involved in bitcoin than female but a female senator supporting and promoting Bitcoin adoption in the Senate is something to be happy about.

DapanasFruit

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Assuming that the installation is really true, then I am recognizing this as just one the many small good news to have incurred for Bitcoin and cryptocurrency. Let's see if fellows of Mexican Senator Indira Kempis would be getting their own share of BTC from the said crypto ATM machine. Definitely, this is just another propaganda kind of thing but then again anything that is making Bitcoin more known to the public is welcome to me...and this is not even a bad publicity just like the FUDs we experienced in the past coming from China.

Maestro75

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Women politicians are more bitcoin friendly than their male colleagues. That is a good news to begin with eventhough the media already think that the move is not going to succeed because the Mexican President Andres Manuel Lopez Obrador is not likely to support it. But Obrador is just a single person who can be convinced to take a different stand or his decision can be overruled by the legislative arm of government.

bbc.reporter

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What do I think about this news? After being tricked by the announcement of Do Kwon which might only be hype and the news about the Central African Republic's acceptance of bitcoin which might come only from sauces, I am beginning to notice something. There might be some whales out there who want to hype bitcoin out of desperation. This is what I think about this news. I am back to being the skeptical me. Call me the antagonizer again.

tokyohd

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The Mexican Senate building now has its first Bitcoin ATM, which has been deployed by ChainBytes in partnership with Axolotl Bitcoin, according to a Wednesday press release.

The installation is supposed to bolster Mexican Senator Indira Kempis’s initiative to make Bitcoin an official currency in Mexico.

Kempis, an ardent cryptocurrency proponent, believes that Bitcoin brings financial freedom and inclusion. She hopes that lawmakers will be able to familiarize themselves with the largest cryptocurrency.

ChainBytes CEO Eric Grill claims that the installation of the first Bitcoin ATM in the Senate building is a historic moment for the country.

Her effort to make Bitcoin legal tender is unlikely to succeed. As reported by U.Today, Mexican President Andres Manuel Lopez Obrador definitely ruled out adopting Bitcoin as a means of payment.

Source of News:
https://u.today/bitcoin-atm-installed-in-mexican-senate-building

What do you think about this news..?

Topic: Bitcoin ATM Installed in Mexican Senate Building !!! - page 2. (Read 345 times)