The first crypto ATM in Uruguay has been placed in Punta del Este, a famous tourist destination in the country. Uruguay has allegedly installed its first Bitcoin (BTC) ATM, marking it the 11th South American country to actively promote crypto adoption. South America had 79 ATMs before Uruguay’s participation, accounting for 0.2 % of global BTC ATM installations.Uruguay’s first crypto ATM, according to mbito, was placed at Punta del Este, a famous tourist destination in the country. Uruguay’s first Bitcoin ATM was designed and implemented in collaboration with two local crypto firms, URUBit and inBierto.The Uruguayan crypto ATM presently allows withdrawals and deposits for five cryptocurrencies: BTC, Binance Coin (BNB), Binance USD (BUSD), Ferret Token (FRT), and Urubit (URUB). URUBit and inBierto operate and transfer the in-house cryptocurrencies FRT and URUB, respectively.InBierto’s CEO, Adolfo Varela, stated that the project was financed by Uruguay’s government. inBierto is a crypto
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