The Paraguay Nation already has a Bitcoin ATM

Paraguay increases in the electronic money segment, with the foray of a Bitcoin (BTC) cashier through the bettup counter Commerce bet, which is operating in an express store of convenience of 24 hours.

This was announced by the Digital newspaper Cryptonotics, based on the confirmation made by the CEO of that company, Travis M, after the official installation of the Bitcoin cashier in Paraguay.But it would not be the first, because the country already has a history with a first Bitcoin cashier in 2014, which was in a restaurant that currently no longer exists.

Remember that bitcoin is a cryptocurrency that can be used to buy any good or service in the places that are accepted, and although it does not exist physically, it works like any other fiduciary currency such as the dollar or euro.Nor does it have a serial or mechanism number to be traced by those who use this currency.The Bitcoin cashier in Paraguay would be installed in the Xtra24/7 supermarket, in Lillo almost general streets.Rogelio Benítez de Asunción, as Travis had already announced it days ago.

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The device is already installed and operating in the local market, returning to Paraguay with the first ATM of Active BTC and in operation, after specifying the corresponding negotiations, according to the digital site story.

As for the physical appearance of the cashier, they mention that it is a small artifact, yellow, characteristic of Bitcoin, through which BTC can be purchased from US $ 20 and that operates with any digital purse.Likewise, the Coin Atm Radar page, which tracks the positioning of the various Bitcoin ATMs around the world, confirmed that in Paraguay an ATM is already operational, that of Xtra24/7 to operate with digital currency.

Therefore, the commissioning of this BTC support is expected to contribute to the expansion of this new economy in Latin America, and especially at the local level, which in fact is already submerged in the electronic money segment, butyet to develop.

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In that sense, we must mention that in December 2021, the Senate approved a bill to regulate all the activity related to BTC, such as mining and marketing of digital assets.In this regard, cryptootics highlights that in fact, digital mining found a niche in Paraguay, because low energy prices make producing cryptocurrencies a profitable activity.