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The other Bitcoin ATM in town is currently listed as “inoperative”.
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There are at least 60 Bitcoin ATMs in Colombia, including automatic and mobile.
The city of Cúcuta, in the border area between Colombia and Venezuela, has a new Bitcoin ATM (BATM). The team belongs to the Panda Group, parent company of Panda Exchange and Panda BTM.
Through a video posted on YouTube, Panda CEO Arley Lozano (aka Vakano) confirmed the installation and operation of the device, which It is located in the Ventura Plaza shopping center, in the Quinta Vélez de Cúcuta sector.
The cashier has enabled for the moment purchases and sales with Colombian pesos of bitcoin (BTC), bitcoin cash (BCH) and cryptocurrency of Ethereum, ether (ETH), as Vakano shows in the video. However, the machine model (from the manufacturer Lamassu) also supports litecoin (LTC), DASH and Zcash (ZEC) cryptocurrencies.
This bitcoin ATM is the second to be installed in the border city between Colombia and Venezuela. Previously, Athena Bitcoin installed one at a travel agency very close to one of the main border crossings between the two nations, this newspaper reported in March 2019. To date, that team has not received any further support and, according to data from Coin ATM Radar, has been “offline” for more than a week.
Currently, the city of Cúcuta has the new device installed by Panda Group and two mobile ATMs from the same company, confirmed Typson Sánchez, CTO of Panda, in contact with CriptoNoticias.
ATM to buy and sell bitcoins in Colombia
In addition to this newly installed equipment in Cúcuta, Panda Group has a bitcoin ATM in the capital, Bogotá. There are a total of them all over the country 60 bitcoin and cryptocurrency ATMs, according to the ATM radar monitoring site. Most of these machines (34) are located in Bogotá. Medellín follows, with 11 other devices.
In addition to the Colombian market, Panda Group is also present in Venezuela, where he put mobile ATMs into operation. Additionally, in February of this year, their plans to install an ATM for buying and selling bitcoins were announced in this medium, a project for which progress is unknown.
The South American country currently has two ATMs installed in Caracas. These teams, belonging to the company Veinte Venezolana de Intercambio, allow the purchase of cryptocurrencies only with dollars in cash. An ATM that also allows you to sell, would deliver money to users, something that is not yet possible in Venezuelan territory.
Globally, ATMs are increasingly common for buying and selling bitcoin and other cryptocurrencies. As CriptoNoticias surveyed last October, the number of these teams worldwide has doubled in just one year, topping 11,200. The updated data to date prove this there are already more than 11,500 ATMs worldwide.
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