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Bitcoin ATMs That Support Litecoin, Dogecoin Launching This Week in Mexico

newsbtc
newsbtc
4 years ago
2 mins read

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BIT Center Tijuana

Mexico is slated to get it’s first two bitcoin ATMs on the week of Monday, March 16th in Tijuana — just below the border from San Diego, California.

Operated by start-up Bitcoin42, the two-way ATMs are the first in Mexico, but also take the title of being the world’s first litecoin and dogecoin ATMs.

“With [the ATMs], customers will also be able to buy a limited amount of Litecoins and Dogecoins,” the statement read on the Bitcointalk forum.

One of the devices will accept Mexican pesos, the other will accept U.S. Dollars.

The ATM units (which Bitcoin42 has not yet shown off) are to be positioned at the BIT Center (Business, Innovation, Technology), and 10 percent of generated profits collected using the machines will be donated non-profit associations local to Tijuana (the customer will be able to choose which organization the funds go to).

The company wrote:

We especially advocate for the use of crypto-currencies by non-profit organizations, so they can lower their administration costs. Through the use of crypto-currencies, non-profit organizations can get funds in a faster and more efficient way with the highest level of transparency. Through this, anybody can become a (truly) independent auditor, since one can provide information to verify balances and transactions and also allow the public to see how much in donations has been received and where it went.

In response to our inquiry, a Bitcoin42 representative said that “The fees will be announced later our website. They either will be originated around what the others are charging, but we are working on a special program so low income groups get better prices.”

“We want to help low income groups who are currently not able to make micro payments, since the Word bank favors higher transaction amounts. We are working on this, our main enemy is the price volatility. but these things take time,” the spokesperson added.

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Comments 4

  1. Tequila_Mckngbrd says:
    11 years ago

    Finally, my family can cash out of the ATM’s instead of Western Union. I love working illegally in the US and not having to pay taxes but get free healthcare!

    Reply
    • Ms. D. says:
      11 years ago

      These ATM machines are a great news. Can’t wait to see them in use. Nice article. Thanks.

      Reply
  2. Amagi Metals says:
    11 years ago

    this is awesome! We accept BTC, LTC and Doge at our company…it’s nice to see we are on the right track with our crypto selections.

    Reply
  3. Dogeaff says:
    11 years ago

    There is a new ATM on the market. http://www.dogevertise.com It accept BTC, Dogecoin and Litecoin.. other currency will be add soon. and the price is very affordable.

    Reply

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Comments 4

  1. Tequila_Mckngbrd says:
    11 years ago

    Finally, my family can cash out of the ATM’s instead of Western Union. I love working illegally in the US and not having to pay taxes but get free healthcare!

    Reply
    • Ms. D. says:
      11 years ago

      These ATM machines are a great news. Can’t wait to see them in use. Nice article. Thanks.

      Reply
  2. Amagi Metals says:
    11 years ago

    this is awesome! We accept BTC, LTC and Doge at our company…it’s nice to see we are on the right track with our crypto selections.

    Reply
  3. Dogeaff says:
    11 years ago

    There is a new ATM on the market. http://www.dogevertise.com It accept BTC, Dogecoin and Litecoin.. other currency will be add soon. and the price is very affordable.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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