Uruguay turns on its First-Ever Cryptocurrency ATM.


    Uruguay has got its first cryptocurrency ATM, which has already been installed in Punta del Este, a city in the country’s southeast. According to Adolfo Varela, CEO of Inbierto, one of the goals of this machine is to build trust in the country’s cryptocurrency industry, where most crypto trade occurs in peer-to-peer markets that cannot go via banking due to a lack of rules. The chance of being a victim of fraud is stated to be minimized by using a bitcoin ATM.


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