Uruguay installs its first Bitcoin ATM

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: ?? on ??

this is a very positive thing for bitcoin if indeed Uruguay has created a bitcoin ATM then automatically that they have adopted bitcoin for transactions in that country with them creating a bitcoin ATM we really hope this is not just a discourse because there are so many contradictions what has happened to various groups of bitcoin but what Uruguay is doing is a breath of fresh air for bitcoin miners in the midst of the current drop in bitcoin prices, of course adoption from various countries is really needed like what Uruguay is doing at this time

It's just the first but I agree that it's a positive thing as they've already made their first bitcoin ATM. It's a good start and even it may not be that great as the other news.
Every time we see a bitcoin related progress, like this one, it's making us feel proud that it's moving forward even for some countries slowly.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

Another crypto adoption and a plus to the crypto community. Uruguay is one of those few countries that we rather mute about crypto in times past. They were neither in support or against the technology but it's actually nice to have them install their first Crypto ATM machine making it open to the world they have adopted crypto both as a legal tender and alsoa store of value.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: Vaculin on January 24, 2022, 04:04:34 PM

Quote from: savetheFORUM on January 21, 2022, 01:58:28 PM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

snip~

This is a great news and another win for all of crypto people. It very interesting how south American countries continues to accept and adopt crypto, this for me should be a wake up call for other countries and Continent to key into this stream because crypto is the future.

It is also important that measures are put in place so that hackers and scammers don't take advantage of this highly demanded initiative of crypto community.

Indeed. Having another South American country to adopt bitcoin and install its first bitcoin atm machine is another good achievement for bitcoin. Hopefully, as this country will continue to prosper with bitcoin having as a new currency, it will also create a good remarks on other countries to do the same thing for their country and start to adopt bitcoin too.

However, this bearish season might be somewhat a barrier as the price of bitcoin continues to decline but if they will start to study and go deeper with bitcoin, they will come to realize that this is the best time to enter the market and start buying.

Well, it is going to believe that they are more aggressive in terms of development. Cryptocurrencies are now the way to give convenience to the people around and having this strategy helps to convince people that this is not just only a talk and rumors but this could be proven to be a reality, not a scam.

They're could be more to install and this going to spread across the globe, just it takes times but at least we're seeing these improvements.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: savetheFORUM on January 21, 2022, 01:58:28 PM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

This is a great news and another win for all of crypto people. It very interesting how south American countries continues to accept and adopt crypto, this for me should be a wake up call for other countries and Continent to key into this stream because crypto is the future.

It is also important that measures are put in place so that hackers and scammers don't take advantage of this highly demanded initiative of crypto community.

Indeed. Having another South American country to adopt bitcoin and install its first bitcoin atm machine is another good achievement for bitcoin. Hopefully, as this country will continue to prosper with bitcoin having as a new currency, it will also create a good remarks on other countries to do the same thing for their country and start to adopt bitcoin too.

However, this bearish season might be somewhat a barrier as the price of bitcoin continues to decline but if they will start to study and go deeper with bitcoin, they will come to realize that this is the best time to enter the market and start buying.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: dezoel on January 18, 2022, 03:59:22 PM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

That’s really nice and I’m quite surprised that the two platforms that you have mentioned are being controlled and funded by the Uruguay government. I thought that the two platforms were going to be private owned platforms, but it being funded by the government now shows that their government is fully in support of cryptocurrency.

It wouldn’t be like other countries where anyone who is making use of crypto currency would be having issues with the government, rather the people in this country would feel free to use cryptocurrency to any extent without having any issues at all or worrying about having any possible issues with the government. I am also looking forward to other countries adopting cryptocurrency to this level, and I’m very aware of El Salvador that has adopted Bitcoin as a legal tender.

Not only with these affirmations is it good, but this will also enormously increase the market demand, now it will not only be the demand of an imposing country and believer in BTC such as El Salvador, I also see Uruguay, Argentina, Peru very well on the way , Chile and consequently Venezuela that the government is obviously mining BTC, in the end all this is beneficial because when supply decreases and demand increases, this will be reflected in a very good price, so seeing this whole scenario is not unreasonable for those who are unsure about investing in BTC.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

This is a great news and another win for all of crypto people. It very interesting how south American countries continues to accept and adopt crypto, this for me should be a wake up call for other countries and Continent to key into this stream because crypto is the future.

It is also important that measures are put in place so that hackers and scammers don't take advantage of this highly demanded initiative of crypto community.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: bakasabo on January 20, 2022, 05:19:05 AM

I also dont understand such a big noise around this single Bitcoin ATM. Uruguay is covers 176,000 square kilometers and there is just one ATM. Not the biggest achievement in cryptocurrency history. Besides, there are thousands of such ATM around the world.

Quote from: bitterguy28 on January 20, 2022, 05:04:26 AM

Quote from: randegibran on January 19, 2022, 01:57:35 AM

Uruguay's plan to adopt bitcoin has been around for a long time

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?

Quote

but until now it has not been realized if indeed the above topic is the truth then this will be very good for the survival of bitcoin

the topic talks about ATM and nothing about adoption so that is 2 different thing .

In the article Uruguay reportedly installs its first Bitcoin ATM it was mentioned the installment of this ATM was funded by government. This might be a small step of adoption. But it will take long time for full adoption in Uruguay, as some of their senators are for crypto, and some against.

Yeah because their government is Oushing their own cryptocurrency and they are using the popularity of Bitcoin.

But lets see where this heading since they are just starting an many things will come their way sooner.

bakasabo

legendary

Activity: 2492

Merit: 1215

I also dont understand such a big noise around this single Bitcoin ATM. Uruguay is covers 176,000 square kilometers and there is just one ATM. Not the biggest achievement in cryptocurrency history. Besides, there are thousands of such ATM around the world.

Quote from: bitterguy28 on January 20, 2022, 05:04:26 AM

Quote from: randegibran on January 19, 2022, 01:57:35 AM

Uruguay's plan to adopt bitcoin has been around for a long time

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?

Quote

but until now it has not been realized if indeed the above topic is the truth then this will be very good for the survival of bitcoin

the topic talks about ATM and nothing about adoption so that is 2 different thing .

In the article Uruguay reportedly installs its first Bitcoin ATM it was mentioned the installment of this ATM was funded by government. This might be a small step of adoption. But it will take long time for full adoption in Uruguay, as some of their senators are for crypto, and some against.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: randegibran on January 19, 2022, 01:57:35 AM

Uruguay's plan to adopt bitcoin has been around for a long time

how long ? any link or topic that Uruguay talks about adaptation of bitcoin?. or this is overstatement?

Quote

but until now it has not been realized if indeed the above topic is the truth then this will be very good for the survival of bitcoin

the topic talks about ATM and nothing about adoption so that is 2 different thing .

Quote

because it can have a good effect on bitcoin where in the midst of the decline in bitcoin prices such as Now of course bitcoin really needs adoption from developing countries. We hope that what Uruguay is doing is not just a discourse

is there any good effect? look at the market now and tell us what is the good effect.

randegibran

sr. member

Activity: 882

Merit: 252

we have heard such discourses where a lot of developing countries want to adopt bitcoin but this has not yet been realized whether it might just be a discourse to attract their interest in bitcoin, but if this is really realized then it is not a problem it is impossible for bitcoin to grow again rapidly in the global stock market because if bitcoin is adopted in various countries such as Uruguay, it will indirectly increase public trust in bitcoin because so many countries have adopted bitcoin.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: muratsink on January 19, 2022, 11:53:28 AM

after the country of elsavador, now it's Uruguay's turn to create bitcoin ATMs to carry out public transactions in that country, now more and more countries in Latin America are starting to adopt bitcoin and create bitcoin ATMs. We really hope that with the adoption of developing countries, at least it can return. increase the viability of bitcoin in the future because currently bitcoin really needs adoption from developing countries like what Uruguay and El Salvador did

If Uruguay will follow El Salvador's path, i think it will be another great adoption for bitcoin that will leave a very positive price for bitcoin. Although it will still be uncertain if the citizens will develop interest of bitcoin, but its more on the capability of its president to the lead the country into a more digital way and bitcoin here is definitely a good start. Hopefully, after El Salvador and Uruguay, there will be a lot more for such developed countries to think about adopting bitcoin as a legal tender because that will certainly stop about the high inflation that people experienced from fiat.

muratsink

sr. member

Activity: 1330

Merit: 256

after the country of elsavador, now it's Uruguay's turn to create bitcoin ATMs to carry out public transactions in that country, now more and more countries in Latin America are starting to adopt bitcoin and create bitcoin ATMs. We really hope that with the adoption of developing countries, at least it can return. increase the viability of bitcoin in the future because currently bitcoin really needs adoption from developing countries like what Uruguay and El Salvador did

Chato1977

member

Activity: 1162

Merit: 58

What ever the main intention in this Installation of Bitcoin Machines yet the one that will benefits here is Us who is supporting in investing in this currency, not just in bitcoin but also in most altcoins because this will bring more popularity and another adoption and surely in time we will see the best effect like what EL Salvador does and now many countries are trying to get inside crypto.

TahuDiniHari

full member

Activity: 324

Merit: 100

The culture and natural wealth in South America is extraordinary, it must be supported by the advancement of the digital economy, especially cryptocurrencies. Uruguay shows its concern for the progress of the digital economy in its country, it must be driven by the desire of the people to know crypto and of course bitcoin. and the great thing is that the original Uruguayan digital currency also took part in the advancement of crypto in his own country.

randegibran

sr. member

Activity: 882

Merit: 252

Uruguay's plan to adopt bitcoin has been around for a long time but until now it has not been realized if indeed the above topic is the truth then this will be very good for the survival of bitcoin because it can have a good effect on bitcoin where in the midst of the decline in bitcoin prices such as Now of course bitcoin really needs adoption from developing countries. We hope that what Uruguay is doing is not just a discourse

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: sarmrakib on January 18, 2022, 08:31:59 AM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

The numbers are adoption increasing rapidly .I think they are very smart and try to adapt with the next digital world .Btc is really a great asset for us and the world are are turning into it .I think Uruguay's govt has made the right decision on early times .They are definitely ahead on the upcoming days and technology .I am really upset about Asian countries ,Why they are still ignoring it .I don't have any idea but i am really expecting to get few positive news on upcoming days .However really i am feeling happy to get a good news once again hope we will get more news on upcoming days .

Well, we won't be surprise if one of these days the Asian countries have already installed their bitcoin atm machines too because whether we like it or not, the world is becoming more digital so we should also learn to cope with it. And having Uruguay their first bitcoin atm machine, this will be another achievement for bitcoin since its one way of creating more possibilities for massive adoption in the future. People will surely be interested on it and will find more ways on how to learn bitcoin.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

Quote from: Sanitough on January 18, 2022, 04:12:42 PM

Quote from: cheezcarls on January 18, 2022, 09:29:45 AM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

A big win indeed for Uruguay in having it's first Bitcoin ATM. Since 2018, crypto ATMs have been growing around the world despite the ups and downs of Bitcoin and other cryptocurrencies worldwide. Here in the Philippines, we only have one government-regulated and approved crypto ATM in UnionBank and I have visited it myself. Hopefully there will be more to come in other crypto friendly countries.

This is a good strategy i think so we can attract more crypto users that will contribute much for the fast adoption of bitcoin. And despite of its never ending volatility, bitcoin continues to grow and with the different bitcoin ATM matchines in different countries, it only proves that governments are now starting to to backed bitcoin since most of these crypto ATMs are protected by them.

I think you people are making reasonable sense, the area I'm capitalizing on, is the aspect of the ATM machine, because i can see the help of bitcoin ATM machine it will bring easy access to bitcoin and most importantly it render quick transaction to bitcoin investors, i even noticed that bitcoin make is not everywhere across the countries like fiat currency ATM, so i believe that bitcoin is the generally accepted by the majority of the countries, so therefore the machine have to be everywhere also in order to quick support of adoption of bitcoin.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Sanitough on January 18, 2022, 04:12:42 PM

Quote from: cheezcarls on January 18, 2022, 09:29:45 AM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

A big win indeed for Uruguay in having it's first Bitcoin ATM. Since 2018, crypto ATMs have been growing around the world despite the ups and downs of Bitcoin and other cryptocurrencies worldwide. Here in the Philippines, we only have one government-regulated and approved crypto ATM in UnionBank and I have visited it myself. Hopefully there will be more to come in other crypto friendly countries.

This is a good strategy i think so we can attract more crypto users that will contribute much for the fast adoption of bitcoin. And despite of its never ending volatility, bitcoin continues to grow and with the different bitcoin ATM machines in different countries, it only proves that governments are now starting to to backed bitcoin since most of these crypto ATMs are protected by them.

With the increase in the number of Bitcoin ATM machines, this proves the process of Bitcoin adoption is quite fast. And it also means that more
and more countries are starting to accept Bitcoin, it's a pretty good process, so that in the future Bitcoin can really be accepted in all countries
in the world. I am always happy with positive news regarding Bitcoin, this will help increase the popularity of Bitcoin and can also help the price of
Bitcoin to go even higher. I would like to see Bitcoin ATM machines in all countries of the world, and I believe it can happen, if we look at
the development of Bitcoin which is indeed very fast in the last few years. Especially when Bitcoin manages to break records in 2021, attracting more
and more people's attention. In fact, quite a few institutions are finally interested in long-term investments in Bitcoin. This must be a consideration
for some countries that had completely rejected Bitcoin, became a little more open and began to accept Bitcoin.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: sarmrakib on January 18, 2022, 08:31:59 AM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

The numbers are adoption increasing rapidly .I think they are very smart and try to adapt with the next digital world .Btc is really a great asset for us and the world are are turning into it .I think Uruguay's govt has made the right decision on early times .They are definitely ahead on the upcoming days and technology .I am really upset about Asian countries ,Why they are still ignoring it .I don't have any idea but i am really expecting to get few positive news on upcoming days .However really i am feeling happy to get a good news once again hope we will get more news on upcoming days .

Well, this is certainly a positive news for bitcoin but its not enough for bitcoin price to surge high again. Its good that more countries right now are starting to be aware on bitcoin, and in fact it could even add to the progress of the country's economy once they decide to go into deeper with bitcoin like having it as a legal tender like what El Salvador has did. Well, having their own bitcoin atm machine is already a good start so that the citizens will be aware on bitcoin and later on, they will develop their interest on it since its atm machine is already available in their country.

Sanitough

hero member

Activity: 2856

Merit: 674

Quote from: cheezcarls on January 18, 2022, 09:29:45 AM

Quote from: wtsimis on January 16, 2022, 12:35:59 PM

Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.

A big win indeed for Uruguay in having it's first Bitcoin ATM. Since 2018, crypto ATMs have been growing around the world despite the ups and downs of Bitcoin and other cryptocurrencies worldwide. Here in the Philippines, we only have one government-regulated and approved crypto ATM in UnionBank and I have visited it myself. Hopefully there will be more to come in other crypto friendly countries.

This is a good strategy i think so we can attract more crypto users that will contribute much for the fast adoption of bitcoin. And despite of its never ending volatility, bitcoin continues to grow and with the different bitcoin ATM machines in different countries, it only proves that governments are now starting to to backed bitcoin since most of these crypto ATMs are protected by them.

Topic: Uruguay installs its first Bitcoin ATM (Read 659 times)