Following in the footsteps of other Latin American countries, Honduras is now making it easier for its citizens to access Bitcoin.
Just days ago, the country saw the opening of its first Bitcoin ATM. The machine was installed by TGU Consulting Group in Tegucigalpa, Honduras’s capital and economic center. According to Reuters, „La bitcoinera” (the ATM’s nickname) aims to meet the growing demand for cryptocurrencies in the region.
TGU Consulting Group’s 28-year-old owner, Juan Mayén, told Reuters that its Bitcoin ATM makes it easier for Hondurans to purchase crypto, which previously had to be done via unregulated peer-to-peer trading platforms, or in person.
„If you wanted to [buy Bitcoin], you had to do it peer-to-peer, look for someone who had [Bitcoin], who was willing to do it, meet them in person, and carry a certain amount of cash, which is very inconvenient and dangerous in Honduras,” he said.
For now, the ATM only allows Bitcoin purchases up to $380. Users must comply with
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