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Coin Cloud announced the installation of the first cryptocurrency ATMs in Brazil. In total, you can transact with 29 different types of digital currencies. Among them, Bitcoin and Ethereum.
The machines were placed in some locations in Sao Paulo and Rio de Janeiro. They work like a normal ATM. Simply perform the on-screen actions to complete the transaction without delay.
According to Coin Cloud, the interface will be translated into Portuguese and will require two-step verification via mobile, before concluding any purchases and sales. Then enter the exchanged crypto and put the money.
Finally, the money transferred goes directly to the user’s digital wallet. At this time, purchase options will start at R $ 10. In sales, the minimum value will be R $ 50.
Availability
At the time of launch, there are 10 ATMs in Brazil. Of the total, one machine was installed in Barra da Tijuca – Rio de Janeiro -, while the other nine units are in Sao Paulo – in the districts of Pinheiros, Jardins, Itaim Bibi, Brooklin and Vila Andrade, and in the cities of Alphaville and Sorocaba.
The American company promises more boxes in the country for the future. It has been operating in North America since 2014, with more than 1,000 machines in service in the region.
To better understand how cryptocurrencies “exist”, you can consult the Detective TudoCelular column dedicated to the subject at this link.
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