The report of the news agency Retures says that the Athena Bitcoin key clearly states that you can use their ATM to do things like buy bitcoin or sell them for cash. Talking about trading, let us tell you that the price of bitcoin in India at the time of writing the news was around 26 lakh rupees.
The report says the firm may gradually open an office to employ employees and operate in El Salvador, along with setting up about 1,500 ATMs. If you are wondering how it is possible to convert cryptocurrencies into cash through ATMs in the country, El Salvador this month became the first country to adopt Bitcoin as legal tender. However, the move will be effective in September 2021.
Matias Goldenhörn, the firm’s director of Latin America operations, says that the company has been ordered by the country’s President Nayib Bukele to install 1,500 ATMs and being a private company, he assures to do this work properly in the country.
A year ago Athena installed its first cryptocurrency ATM in El Zonte Beach in El Salvador, located about 49 kilometers southwest of the capital, San Salvador. It was established as part of an experiment called Bitcoin Beach with the aim of making the city one of the first bitcoin economies in the world.