Cryptocurrency Bitcoin
Bitcoin | Image source: wallpapercave
The currency is expected to fall sharply and the inflation is expected to grow above 40 percent by the end of the year. In this country, 30 automated teller machines (ATMs) have been set up in demand for bitcoin, so users can buy and sell bitcoins securely and easily.

Peso is expected to fall sharply and inflation is expected to grow above 40 percent by the end of this year. There has been an increase in the demand of bitcoin in Argentina, which has established 30 automated teller machines (ATMs) that buy and sell bitcoins. As a result of the loss of the peso's value in comparison to the American dollar, there has been marked an incredible increase in transactions in cryptocurrency.

At present, there is no commercial ATM in Argentina and it is the right time to capture and to attack the market. Argentina operation manager for Athena, Dante Galeazzi said that there has been an increase in bitcoin transactions due to a decrease in the value of the currency.

He also said, Investment in Bitcoin provides the opportunity to protect the value of the peso and it also provides an opportunity to invest in the market. So far this year, the Argentine peso's have decreased by 55 percent.

According to a statement, Last Month, the South American country's first Bitcoin Automatic Teller Machine (ATM) was launched in Buenos Aires by the US company Athena Bitcoin.

Cryptocurrency like Bitcoin trade now available on ATM
Bitcoin | Image source: wallpapercave
Cryptocurrencies like Bitcoin are virtual benefits which are not supported by any central bank or even any hard asset. According to data, Bitcoin was trading around $ 6,551.18 American dollars on Friday.

Till date, Athena Bitcoin controls twelve ATMs in other South American countries including Colombia. The company assumes that ongoing financial disaster in Argentina present opportunities for development in the virtual currency market.

In 2017, One of the popular cryptocurrency bitcoin has touched the level of $ 20,000. Starting of 2018 was very stunning for bitcoin, but afterward, there was a large decrease in bitcoin level. To date, this currency is trading below $ 7,000 levels. For more updates on Bitcoin, Cryptocurrencies, Stay Tuned with us.

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