4,000 ATMs supporting ethereum, bitcoin and litecoin will show up in Argentina

Following the tweaks in the current regulations of the Central Bank of Argentina, due to which various companies were able to install new ATMs in the country, Odyssey Group revealed plans to launch up to 4000 terminals. It’s noteworthy that these ATMs support not only bitcoin, but also ethereum and litecoin.

Odyssey Group CEO Sebastian Ponceliz told that it won’t be just cash outlets and folks can use these ATMs for e-commerce and to buy prepaid cards, make transactions with digital currencies and get microloans. Sebastian Ponceliz added that they have preliminary agreements for the installation of 4000 such ATMs, and they are going to reach the mark of 5000 within two years.

As previously reported, in 2017, the company announced the launch of 200 bit-ATM-ATMs, the feature of which was the support of several currencies as well as the possibility of their conversion in various directions.

New devices are going to enable users not only to withdraw cash from a bank card – they also come with electronic wallet functions. In addition to this, ATMs will be capable of communicate with handsets when it comes to operations with such popular digital currencies as bitcoin, ethereum and litecoin. As some sources state, the cost of one such ATM accounts for $8,500. It’s believed that due to the profits from the commissions they will pay off in just six months.

By the way, in November 2017, the South Korean industrial conglomerate Hyosung, also engaged in the production of ATMs, added the possibility of buying bitcoin on its devices. At the same time, the digital start-up DigitalX as well as the manufacturer of the Stargroup ATMs are developing software for up to 2,900 ATMs in Australia, which will enable to sell bitcoins.