The devices allow citizens to buy and sell Bitcoin with a minimum of 20 lempiras, equivalent to USD 0.83. The country will have a third ATM in the next few days, expanding the offer for inhabitants of Tegucigalpa.
Tegucigalpa, the capital of Honduras, already has two cryptocurrency ATMs and is awaiting the arrival of a third one. That new device will allow more citizens to have the opportunity to enter the world of crypto assets.
Hondurans can find the second Bitcoin ATM at Casa Quinchon, a historic building in downtown Tegucigalpa. Its Twitter account indicates that it provides space for entrepreneurs and freelancers from the Central American country.
While the previously installed machine only allowed buying Bitcoin, the new one also permits selling it. People can make transactions with a minimum of 20 lempiras (HNL), equivalent to USD 0.83. The inhabitants of Tegucigalpa will have the third device in the next few days.
The installation of the first Bitcoin ATM in the capital of Honduras occurred at the end of August. That device is at Torre Morazán, located on the avenue of the same name.
Citizens need a cryptocurrency wallet on a mobile device and a personal identity document to operate with them. The procedure to use those ATMs is so simple that they can quickly learn to use them.
Bitcoinera Is a Project that Promotes Bitcoin in Honduras
In 2019, Juan Mayén returned to his country after studying business administration abroad. He founded the La Bitcoinera project to promote this technological development in the region. He said that he wanted to encourage the adoption and use of Bitcoin and make it accessible to people in Honduras.
Mayén adds that his project could help turn Central America into a leading technology hub worldwide. The entrepreneur considers that the recent Bitcoin Law of El Salvador could be a catalyst for the region to accelerate its technological growth.
According to data from CoinATMRadar.com, there are 33,257 cryptocurrency ATMs in 77 countries.
Those devices are already in operation in Spanish American countries like Argentina, Chile, Peru, Brazil, Ecuador, Colombia, Venezuela, Panama, El Salvador, Costa Rica, and Mexico. In January 2022, Uruguay could also install its first Bitcoin ATM, which would further expand the reach of that cryptocurrency.
The Growing Interest in Bitcoin and Other Cryptocurrencies in Spanish America
Adopting Bitcoin as legal tender in El Salvador was just the start of a wave that does not seem to stop. The installation of new ATMs in Honduras and Uruguay are only two examples of what has happened in the region.
Many people turn to crypto assets as a hedge against inflation since they have proved to increase their value in the long term. Well-known figures have invested in Bitcoin and altcoins, which has allowed them to make a fortune in a few years.
The high inflation levels have forced a growing number of people to turn to cryptocurrencies as a store of value. For example, Venezuela is on the top ten list of countries with the most transactions with digital assets worldwide.
By Alexander Salazar
