Argentina may soon be a leader in the crypto ATM market. According to local media, the country may be ready to receive between 4,000 and 5,000 ATMs that support virtual currencies.
According to the CEO and founder of Odyssey Group, Sebastián Ponceliz, the ATMs will not only be used for people to extract cash but also for managing virtual currencies, through the use of bi-directional Bitcoin ATMs.
“There is what I call monetary convergence that makes us use different types of means of payments and exchange (cash, crypto, e-wallets, loyalty points, etc.) and the human contact point for that is an ATM that can transact multiple currencies, turning digital money into physical and vice versa,” explains Ponceliz.
Odyssey Group is one of the largest ATM providers in the United States, Mexico, Colombia and Spain.
The decision has been taken by the company shortly after the Argentinian government decided to change regulations and allow private enterprises to own ATMs in their stores and shops.
According to Coin ATM Radar, currently there are no Bitcoin ATMs available in Buenos Aires.