Thursday, 26 August 2021 19:09

First BITCOIN ATM manufactured in El Salvador and industry starts internal training

Written by Evelyn Alas

The magazine specialized in the use of Bitcoin, "Bitcoin Magazine", announced today that the first ATM for transactions with this cryptocurrency has been built; while the Asociación Salvadoreña de Industriales (ASI),reported that the institution is undergoing internal training for a better handling of Bitcoin.

Bitcoin Magazine points out that this is the first ATM designed and built on national soil, which has a metal structure, a touch screen at the bottom and a screen of a similar size to the monitoring of a computer, at the top.

Although it is true that the President of the Republic, Nayib Bukele, showed this week the "Chivo" ATMs that will be distributed, it is unknown if the national designs will also be used in the country.

ASI trainings

Only 14 days before El Salvador establishes the legal course of the cryptocurrency in view of the financial benefits it represents. The institution points out that it is preparing for the challenges that may arise from the use of this cryptocurrency in the country.

Likewise, the president of the ASI, Eduardo Cáder, indicated that, "The only thing we regret is that it has been done as a shock, and without the necessary preparation or to be able to educate the common salvadoran to the population, to the economic, financial system".

"We are going to have a spanish advisor who handles the subject, as to begin to immerse ourselves in the subject and get into it, there is nothing more to do", said the president of the ASI, Eduardo Cáder.

The institution indicated that it has not been taken into account for the formulation of the regulations that must be elaborated to execute the norms.