Post
Topic
Board Economics
Merits 3 from 1 user
Re: First Bitcoin ATM in Venezuela
by
DdmrDdmr
on 07/10/2019, 11:54:11 UTC
⭐ Merited by stompix (3)
<…> It might be the first in Caracas but it's not the first in Venezueala
A month ago this one was set up:
https://coinatmradar.com/bitcoin_teller/9457/bitcoin-teller-bitcoin-teller-san-antonio-del-tachira-viajes-e-inversiones-hc/
<…>
Technically, the one installed in San Antonio del Tachira is a BTM, not an ATM, and therefore does not technically count as an ATM in some inventories that are made on ATMs worldwide.

The BTM is installed by Panda BTM, and is a portable device similar to those used to pay with your credit card at a store. The idea here is that the shop teller assists you in the purchase, and you end up paying in cash (although I have seen a video where both customer and seller use their fingerprints to access the device, so there may be some account related method that is not currently listed in Panda BTM’s website – it states cash).

See https://www.bitcoin.com.mx/panda-btm-coloca-el-primer-cajero-automatico-de-bitcoins-en-venezuela/ (in Spanish) and https://pandabtm.io (English selectable).

The one I mentioned yesterday that was installed in Caracas, is a "conventional" BATM, and is installed by a company that apparently is registered to the SUNACRIP (government authority in Venezuela that is responsible for all crypto-related regulation there).