According to Reuters, local company TGU Consulting Group has installed the machine called “the Bitcoinera” in an office tower in Tegucigalpa, the capital of Honduras.
The machine allows users to buy Bitcoin (BTC) and Ethereum (ETH) using lempira, the official currency of Honduras. Users will need to scan their official ID and enter their personal data such as a phone number to purchase the crypto assets.
TGU chief executive Juan Mayen, 28, said that before the machine was installed, Hondurans had no automated means of purchasing digital assets.
“You had to do it with peers, find someone who… was willing to do it, meet you in person and carry X amount of money, which is very inconvenient and dangerous given the environment in Honduras. “
Mayen also says that many Honduran software developers receive their salaries in cryptocurrency, and notes that digital assets could offer a cost-effective way to send remittances.
The arrival of Bitcoinera comes amid the growing popularity of cryptocurrencies in the region. Neighboring El Salvador is set to officially adopt Bitcoin as legal tender in the coming days. Salvadoran President Nayib Bukele said adult citizens of the country will receive $ 30 worth of Bitcoin for free after creating their account on the government’s cryptocurrency app.
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Image en vedette : Shutterstock/Phoenixns