Since El Salvador made Bitcoin a legal tender, the small Central American country has been busy integrating the king of cryptos into its real economy. Industry players have understood this, and now a BTC vending machine manufacturer wants to set up shop there.
A crypto-nation under construction
After a proposed bitcoin mining farm based on geothermal energy from volcanoes, we now learn that the American company ChainBytes – a manufacturer of BTC vending machines – wants to set up a manufacturing center for its machines in El Salvador.
Following the approval of the “Ley Bitcoin” (Bitcoin Law) by a large majority, the Central American country must start preparing its economic infrastructure for the full adoption of Bitcoin.
According to a Bitcoin.com publication, ChainBytes thus wants to seize the opportunity to make El Salvador its hub for manufacturing Bitcoin ATMs for all of the Americas:
“[we want to] make El Salvador the manufacturing center for Bitcoin ATMs for the entire American continent (…) which will serve Latin America, the United States and Canada as well (…)”
ChainBytes CEO Eric Grill, on the other hand, proudly displays on his Twitter account the first BTC ATMs his company has manufactured for El Salvador.
Not long ago, another ATM manufacturer – Anthena Bitcoin – had a tad optimistic exchange with Salvadoran President Nayib Bukele, talking about 1,000 to 1,500 machines for the country. While these quantities will probably remain exaggerated for the small nation itself, this number of BTC ATMs (or even more) could, on the other hand, well be built for the entire American continent.
