Argentina’s First Bitcoin ATM Open for Business

Amid rampant devaluation of the Argentinean peso, the nation’s default, and limited access to the fixed-rate currency exchange, a restaurant in Buenos Aires now offers a way out. It has installed the first bitcoin ATM in the country, operating for the past two months in a one-way manner.
Antidomingo is a bar and restaurant open in the evenings, from Tuesday to Sunday, where one can hear live music and grab a bite to eat. But with its specialized ATM, it is also seeking to brand itself as a haven for those who want to get their dose of bitcoins, in exchange for pesos.
‘The bitcoin ATM is unidirectional,’ owner Daniel Als explained to the PanAm Post. ‘The machine sells you bitcoins for pesos…. a traditional ATM [that releases pesos] would have been much more expensive, larger, and heavier. This machine is super small and compact. We brought it over from the Amsterdam Bitcoin Conference.’
The business is located in Pinto 4860, a residential suburb of Buenos Aires, and over recent months Als has converted it into a gathering point for members of the local bitcoin community.

This post was published at Panampost on BELN MARTY SEPTEMBER 9, 2014 AT.