Venezuela finally has its first bitomat, according to Coin ATM Radar. This is a major breakthrough for cryptocurrency adoption in the country. Venezuela's first bitcoin ATM was installed on September 10 in the city of San Antonio del Táchira, according to Coin ATM Radar, a website that makes it easy to search the web for the nearest "bitcoin ATM." Venezuela with first bitcoin ATM Hispanic company Panda BTM installed a bitcoin ATM in a small grocery store called Viajes e Inversiones HC. The machine supports cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH) and DASH, as well as the official peso currency of Venezuela and Colombia. Other entities in the country had already made such attempts to install such a device in Venezuela. In late January, Cryptobuyer announced that it was planning such an installation and was testing a new bitomat in the city of Caracas. However, for unknown reasons, the machine was never installed. Colombia Colombia, on the other hand, currently has the most bitomats in Latin America. That number is set to grow thanks to a partnership between global bitcoin peer-to-peer marketplace, Paxful, and Medellin-based blockchain company CoinLogiq, which is bringing 20 new "crypto ATMs" to Colombia. Rest of the world The world's first bitomat was launched in Vancouver, Canada in late 2013. Since that day, the total number of such devices around the world has steadily increased. According to Coin ATM Radar statistics, the total number of cryptocurrency ATMs in the world has increased from 501 in 2016 to over 5,400 in 2019. The market is meeting some problems on its way. Individual countries are pushing to combat anonymity in the cryptocurrency market. In Canada, for example, law enforcement officials in the nation's capital say ATMs are now being used for money laundering. The devices are controversial to such an extent that recently in Poland there was a funny situation with a bitomat in the lead role. We wrote more about it here. In a nutshell: Polish officials mistook bitomat for a gambling machine. However, the effect was suitable for a black comedy. Supporters of bitomat value it mainly due to less formalities than in the case of cryptocurrency exchanges. If you are interested in an equally safe and fast way to buy bitcoin, you can do it through an online bitcoin exchange, at Bitcoin.pl. Tags bitomanty bitomat in venezuela bitomants poland Canada bitcomats bitcoin exchange Venezuela cryptocurrencies
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