Bitcoin ATM machine installed in Mexico, The name of the cryptocurrency was not as familiar to the world as it has been in the last two years. Following the Russian invasion of Ukraine, news of cryptocurrency and digital assets flooded the world.
The United States, Britain, and the European Union have announced that they will ban Russian cryptocurrency accounts belonging to Russia and legalize government-sponsored currencies.
Preparations are now underway in most countries of the world to legalize bitcoin, Ethereum, and other digital currencies.
Due to the popularity of the bitcoin, the North American country of Mexico has installed a bitcoin ATM machine in the Senate building as a ‘symbol of economic freedom’.
This is the 14th ATM machine to be installed in Mexico. Before that, 13 ATMs have been installed in major cities of the country.
Senator Andra Campus of the Party of the Democratic Revolution (PRD), a Mexican political party, said of the ATM machine that will be installed on April 26: More than a dozen Mexican companies are also working to adopt cryptocurrency and blockchain technology.
Last year, the Central American country El Salvador became the first country in the world to legalize cryptocurrency, while this year, El Salvador’s Minister of Tourism announced that the country’s gross domestic product (GDP) due to cryptocurrency. P) has increased from ten percent to more than thirty percent.
Bitcoin ATMs work like ordinary ATM machines and allow people to get local currency notes in exchange for their bitcoins.