cryptocurrency atm in honduras debuted this week

The first bitcoin atm in honduras debuted this week, as proponents of the digital currency hoped to boost demand. el salvador became the world’s first government to recognize bitcoin as legal tender.

in tegucigalpa’s office tower, the “la bitcoinera” atm was installed. it enables users to purchase bitcoin and ethereum with local lempira currency. remittances from hondurans residing abroad, especially in the united states, are estimated to total $5.7 billion in 2020, accounting for more than 20% of the country’s gdp.

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