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Uruguay reportedly installs its first Bitcoin ATM -Breaking

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© Reuters

According to reports, Uruguay installed the first of its (BTCIt is the eleventh South American nation to encourage cryptocurrency adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

According to Ámbito, Uruguay’s first crypto ATM was installed in the coastal city of Punta del Este, a major tourist attraction in the region. Uruguay’s first Bitcoin ATM was developed and installed in partnership with two local crypto companies — URUBit and inBierto.