• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink Price battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink Price battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Bitcoin ATMs dominate Colombia

Martha Gardiner by Martha Gardiner
October 27, 2020
in Bitcoin News
2 min read
Bitcoin ATMs
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Colombia contains the most Bitcoin ATMs in Latin America.
  • Its capital city Bogota holds 34 Bitcoin ATMs.
  • Venezuelans in Colombia use Bitcoin ATMs the most.

Colombia now has the most Bitcoin ATMs in Latin America. CoinATMRadar reports that the capital city Bogota contains 34 ATMs while other cities hold some.

Athena Bitcoin, American ATM network stated in 2018 that Venezuelans in Colombia use the Bitcoin ATMs the most. They added that several freelancers in Colombia are paid in Bitcoin and thus withdraw their earnings through Bitcoin ATMs.  

The reason for the rise of Bitcoin ATMs

Colombia has taken extraordinary measures to legalize cryptocurrencies, and as a result, is the third country with the most significant number of crypto enthusiasts. Last month its government accepted a trial of crypto payments, which will continue until 31st December. September also saw the Colombian Ministry of Information Technology (MinTIC) asking the public sector to take on blockchain technology.

RelatedPosts

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

Bitcoin price fails to sustain bounce

BTC/USD Price Prediction: BTC/USD breaks psychological resistance and targets $53,000

2017 witnessed a massive market for Bitcoin in Colombia above any other country in the continent. This is partly because Colombian investors tend to choose convertible investments. Plus, Bitcoin payments are nameless – there are no documents or stipulations. Colombians also tend to seek investment opportunities with small sums, so Bitcoin is deemed productive.

A 2019 survey conducted by Paxful, a crypto exchange, revealed an upswing in Bitcoin and Etheruem among Colombians. Its findings show that 80 percent were prepared to buy into crypto. This is no surprise as Paxful actioned over $1 million from Colombian traders in 2019.

Jarek Duque, chief analyst for the Latin America region at UAE-based financial institute Tradepedia LLC, revealed that Mexican and Colombian cartels use cryptocurrencies for money laundering. He added that Colombia has insufficient knowledge of the financial industry – only one percent has mastery over it. Banking is scarce, and the present economic structure is undeveloped.

Other South American countries namely Venezuela and Argentina have been predicted to become a centre for crypto due to their governmental and financial upheaval.

Tags: cryptocurrency trading
Martha Gardiner

Martha Gardiner

Martha is a freelance writer who has experience writing about financial topics, health, lifestyle, fashion and beauty. She also has experience in course writing and CV writing. Martha loves to read and is very fond of animals.

Related Posts

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000
Bitcoin News

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

March 9, 2021
Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K
Bitcoin News

Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

March 8, 2021
Bitcoin price
News

Bitcoin price fails to sustain bounce

March 8, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

XRP/USD Price

XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

March 9, 2021
Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

March 9, 2021
Ripple price analysis XRPUSD grinds towards $0.50 resistance

Ripple price analysis: XRP/USD grinds towards $0.50 resistance

March 9, 2021
Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

March 8, 2021
Polkadot price

Polkadot price prediction: DOT to fall to $28

March 8, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.