Today, Mexico is getting its first two Bitcoin ATM’s, which will be centrally located at the BIT (Business, Innovation, Technology) Center in Tijuana, courtesy of Bitcoin42. The ATM’s will be unique in being the first in the world to allow for the purchase of litecoins and dogecoins. In addition, one of the machines will accept dollars while the other will accept pesos.
In its press release, the company wrote:
“We especially advocate for the use of crypto-currencies by non-profit organizations, so they can lower their administration costs. Through the use of crypto-currencies, non-profit organizations can get funds in a faster and more efficient way with the highest level of transparency. Through this, anybody can become a (truly) independent auditor, since one can provide information to verify balances and transactions and also allow the public to see how much in donations has been received and where it went.”
One can say as well that it’s fitting for these ATM’s to support charitable causes, as the three coins supported have themselves been highly successful for various crowdsourced charitable causes.
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With the ATM’s you can either buy coins with cash or vice-versa. Coins can be sent to your wallet electronically or can be stored in a printed paper wallet.
Neither of the aforementioned altcoins have reacted significantly to the news.
The ATM’s help fill a key niche in the crypto world, namely those new to cryptocurrency or otherwise not as web-savvy. To them, digital currency doesn’t have to be pictured as the “currency of the internet”, rather as a potential alternative to cash. Adding these two altcoins to the mix makes them that much more likely to propagate for acceptance in day-to-day business use, as evidenced by GoCoin’s recent additions. (First reported by NewsBTC)