First bitcoin ATM launched in Brazil

posted about 6 years ago
The ATM machine was produced using national technology by Brazilian company BitVale.

There are about 202 bitcoin-accepting merchants across Brazil, with 62 of them concentrated in the city of Aracaju, in Northeastern Brazil. The first Bitcoin ATM has just been released and is operating in São Paulo’s Avenida Paulista.

The value of the Bitcoin has rapidly increased in Brazil. It is now worth approximately 2,000 Brazilian Reals (around $606), the double of its value one year ago. Volume in trades has increased in the past months.

In June, more than $91 million were traded during one single week. During 2015, $10 million were traded.
Tags: news, bitcoin