Mexico’s Senate Building Installed A Bitcoin ATM: Report

Mexico’s Senate building installed a Bitcoin ATM and senator Indira Kempis shared her excitement at the developments stating that for freedom and inclusion in Mexico, something like this needed to happen so let’s read more in today’s latest Bitcoin news.

Mexico’s senate building houses the country’s 14^th BTC ATM which is a sign that the country sees an increase in interest in BTC. The ATM was installed on Tuesday with the support of a few legislators like Miguel Angel Mancera who is the head of a parliamentary group of the Party of the Democratic Revolution. Kempis shared her excitement at the developments and according to the Coin ATM Radar data, the country has 13 of these machines in Mexico City, Tijuana, Culiacan, Guadalajara, and San Miguel de Cozumel.

Por la libertad, inclusión y educación financiera en México.#ToTheMoon 🚀@senadomexicano pic.twitter.com/QytQn58A3i

— Indira Kempis de I. (@IndiraKempis) April 26, 2022

After the BTC ATM was installed, the reports from El Heraldo de Mexico stated that the PRD representative noted that BTC surpassed the transaction volume of payments made through traditional payments systems like MasterCard, Visa, and PayPal. Mexico’s interest in crypto picked up momentum in the past few months and according to Triple A’s crypto ownership data, 40% of the Mexican companies are interested in adopting blockchain and crypto in some manner. 71% of this group is concentrated on crypto usage.

The information shows that Mexico’s biggest exchange Bitso saw a 342% increase in trading volume and the exchange has over 1 million users. Nuevo Leon state senator Indira Kempis also said she is confident that BTC Can be a legal currency in Mexico because the users could help expand the financial inclusion across the world which is why Mexico’s senate building started from the small steps. Bitcoin advocate Ricardo Salinas thinks that this will still be an uphill battle because the nation’s mentality is too dependent on fiat control.

As recently reported, The German chain of stores and Europe’s retailer that is likely the biggest, Media Markt, will install Bitcoin ATMs in 12 branches in Austria. Customers will be able to buy the leading crypto at Kurant vending machines. A few years back, Media Markt started exploring whether and how to install BTC ATMs and it now decided to do so in 12 branches across Austria. To purchase BTC, the local clients will use Kurant vending machines and which is a spinoff of the Coinfinity and now operates 200 BTC ATMs in plenty of EU nations including Germany, Spain, and Austria but also Greece.